Innovation Norway

Innovation Norway is a government organization established in 2004, serving as a key instrument for fostering innovation and development within Norwegian enterprises and industries. The agency focuses on helping companies enhance their competitive advantage through various support mechanisms. By promoting innovation, Innovation Norway aims to strengthen the overall economic landscape of Norway, ensuring that businesses are equipped to thrive in a competitive global market.

Nina Broch Mathisen

Regional Director

Håkon Haugli

CEO

Past deals in Norway

Plaace

Seed Round in 2024
Plaace operates a data-driven platform that connects retail property owners, tenants, and brokers to define strategies, identify matches, and collaborate through analytics. Founded in 2020 and headquartered in Oslo, Norway, the company enables tenants to unlock the full potential of commercial properties by pairing properties with suitable candidates and streamlining the leasing process.

Aker Horizons

Grant in 2023
Aker Horizons is a Norwegian investment company focused on incubating and developing businesses that tackle fundamental challenges to sustainable living. It invests in renewable energy sectors and emission-reducing technologies, aiming to create substantial value while promoting planet-positive investing.

Aker Horizons

Post in 2023
Aker Horizons is a Norwegian investment company focused on incubating and developing businesses that tackle fundamental challenges to sustainable living. It invests in renewable energy sectors and emission-reducing technologies, aiming to create substantial value while promoting planet-positive investing.

Intoto

Grant in 2022
Intoto is a water data startup focused on collecting and analyzing river and water system data to support sustainable management. Founded in 2018, it combines AI, IoT, and big data to provide actionable insights through its Studio data platform and Apparatus data logger, enabling monitoring, forecasting, and analytics for clients such as hydro power operators and local governments. The company offers AI and data analytics services and custom projects to improve flood forecasting, water quality, and decision making in water management. It has partnerships with industry players like Statkraft, Vattenfall, Norconsult, and Innovasjon Norge, and aims to become a leading provider of live river data, initially in Norway and then globally. The team includes software developers, engineers, and data scientists delivering full-stack solutions tailored to client needs; the platform supports planning, disaster prevention, and analysis to optimize hydropower, biodiversity, and climate resilience.

Skyfri

Grant in 2021
Headquartered in Oslo, Norway, Skyfri is a rapidly growing cleantech company with offices across four continents. It offers software solutions for solar asset owners to enhance revenues and minimize downtime through its platform, Skyfri Intelligence. This platform automates operations, maintenance, and asset management, facilitating global solar energy deployment.

Spiff

Debt Financing in 2021
Spiff AS, based in Oslo, Norway, is a mobile application developed to assist users in saving and investing money effectively. Founded in 2015, the app provides a platform for individuals to save money for various personal goals, whether collaboratively or independently, without any associated fees. Spiff allows users to create multiple savings plans and offers a comprehensive overview of their financial objectives, thus facilitating better management of their finances. The application emphasizes the importance of saving not only for major life events like housing or retirement but also for smaller, everyday aspirations, making it easier for users to achieve their goals.

FREYR

Grant in 2021
FREYR AS is a Norwegian company based in Mo i Rana that specializes in the production and sale of lithium-ion battery cells for electric vehicles and energy storage. The company aims to offer clean battery solutions with high density and competitive pricing while maintaining a reduced carbon footprint. In addition to its core focus on electric mobility and stationary energy storage, FREYR is exploring opportunities in marine transportation and aviation markets. The company also operates a 600 MW wind park in Norway, supporting its commitment to renewable energy and sustainability.

Plaace

Grant in 2020
Plaace operates a data-driven platform that connects retail property owners, tenants, and brokers to define strategies, identify matches, and collaborate through analytics. Founded in 2020 and headquartered in Oslo, Norway, the company enables tenants to unlock the full potential of commercial properties by pairing properties with suitable candidates and streamlining the leasing process.

Oivi

Grant in 2020
Oivi is a Norwegian company founded in 2017 and based in Oslo, specializing in the development of an affordable AI-driven camera and platform for the identification of diabetic eye diseases. The company focuses on facilitating retinal screening in primary care settings, thereby promoting awareness and proactive management of diabetic eye health. Oivi's innovative platform employs automated image capture and diagnostic capabilities to monitor eye diseases effectively through teleconsultation. With a multifaceted team possessing extensive expertise in camera and software development, Oivi aims to empower patients to prevent permanent vision loss associated with diabetes.

ScanReach

Grant in 2020
ScanReach is a maritime Internet of Things (IoT) company headquartered in Bergen, Norway. The company focuses on creating affordable and user-friendly technologies aimed at enhancing safety for vessels and offshore installations, particularly in the area of Personnel On-Board (POB) Control. Through its wireless IoT platform, ScanReach provides real-time data transfer and connectivity specifically designed for the unique challenges of confined steel environments. This innovative solution not only improves personnel safety but also enhances vessel performance while contributing to a reduction in carbon emissions within the maritime industry.

Intoto

Grant in 2020
Intoto is a water data startup focused on collecting and analyzing river and water system data to support sustainable management. Founded in 2018, it combines AI, IoT, and big data to provide actionable insights through its Studio data platform and Apparatus data logger, enabling monitoring, forecasting, and analytics for clients such as hydro power operators and local governments. The company offers AI and data analytics services and custom projects to improve flood forecasting, water quality, and decision making in water management. It has partnerships with industry players like Statkraft, Vattenfall, Norconsult, and Innovasjon Norge, and aims to become a leading provider of live river data, initially in Norway and then globally. The team includes software developers, engineers, and data scientists delivering full-stack solutions tailored to client needs; the platform supports planning, disaster prevention, and analysis to optimize hydropower, biodiversity, and climate resilience.

Plaace

Grant in 2020
Plaace operates a data-driven platform that connects retail property owners, tenants, and brokers to define strategies, identify matches, and collaborate through analytics. Founded in 2020 and headquartered in Oslo, Norway, the company enables tenants to unlock the full potential of commercial properties by pairing properties with suitable candidates and streamlining the leasing process.

Oivi

Grant in 2020
Oivi is a Norwegian company founded in 2017 and based in Oslo, specializing in the development of an affordable AI-driven camera and platform for the identification of diabetic eye diseases. The company focuses on facilitating retinal screening in primary care settings, thereby promoting awareness and proactive management of diabetic eye health. Oivi's innovative platform employs automated image capture and diagnostic capabilities to monitor eye diseases effectively through teleconsultation. With a multifaceted team possessing extensive expertise in camera and software development, Oivi aims to empower patients to prevent permanent vision loss associated with diabetes.

GrepS

Angel Round in 2019
GrepS is a technology company based in Oslo, Norway, that operates an online skill testing platform focused on assessing software coding skills. Established in 2017, GrepS offers tools designed to provide objective evaluations of programming abilities, including coding speed, implementation, and regression. The platform serves a wide range of users, including programming teams, corporate clients, and individual developers, helping them understand their coding competencies and areas for improvement. GrepS employs robust measurement models developed through extensive research at Simula Laboratory and the University of Oslo, ensuring accurate benchmarking of software engineering skills.

Intoto

Grant in 2019
Intoto is a water data startup focused on collecting and analyzing river and water system data to support sustainable management. Founded in 2018, it combines AI, IoT, and big data to provide actionable insights through its Studio data platform and Apparatus data logger, enabling monitoring, forecasting, and analytics for clients such as hydro power operators and local governments. The company offers AI and data analytics services and custom projects to improve flood forecasting, water quality, and decision making in water management. It has partnerships with industry players like Statkraft, Vattenfall, Norconsult, and Innovasjon Norge, and aims to become a leading provider of live river data, initially in Norway and then globally. The team includes software developers, engineers, and data scientists delivering full-stack solutions tailored to client needs; the platform supports planning, disaster prevention, and analysis to optimize hydropower, biodiversity, and climate resilience.

ePekebok

Venture Round in 2018
ePekebok AS develops a reading platform Lesemeister that gives students access to e-books from the Norwegian publishers. The platform enables readers get readpoints, read with and without sound, record and listen in own reading voice, and automatic reading log.

Oivi

Grant in 2018
Oivi is a Norwegian company founded in 2017 and based in Oslo, specializing in the development of an affordable AI-driven camera and platform for the identification of diabetic eye diseases. The company focuses on facilitating retinal screening in primary care settings, thereby promoting awareness and proactive management of diabetic eye health. Oivi's innovative platform employs automated image capture and diagnostic capabilities to monitor eye diseases effectively through teleconsultation. With a multifaceted team possessing extensive expertise in camera and software development, Oivi aims to empower patients to prevent permanent vision loss associated with diabetes.

Disruptive Technologies

Venture Round in 2017
Disruptive Technologies AS, founded in November 2013 and based in Bergen, Norway, specializes in the development of Internet of Things (IoT) solutions. The company focuses on creating the world's smallest fully integrated wireless sensors, which enable advanced measurement and data delivery. These sensors communicate via the Internet and are designed with unique attributes related to size, range, and battery capacity. By leveraging these innovative technologies, Disruptive Technologies aims to enhance how users interact with their environments, providing new possibilities for sensing and control.

N2 Applied

Funding Round in 2017
N2 Applied is a Norwegian technology company focused on enabling farmers to produce their own sustainable fertilizer through an innovative process that utilizes slurry, air, and electricity. The company is in the pre-commercial phase and has developed a technology that allows for the local production of nitrogen-rich fertilizer from liquid organic substrates, such as livestock manure. By integrating nitrogen from the atmosphere into these substrates, N2 Applied's solution not only enhances the nitrogen content but also mitigates ammonia loss and reduces greenhouse gas emissions. The company operates its head office in Oslo/Asker and maintains a test center in Svene, with additional branches in Wageningen and York. N2 Applied's scalable process aims to eliminate the lengthy and costly supply chains associated with traditional fertilizer production, facilitating a more circular farming system. This approach not only provides farmers with cost-effective and environmentally friendly fertilizer but also contributes to on-farm reductions in methane and ammonia emissions.

Cutters

Seed Round in 2016
Founded in Norway in 2015, Cutters is a unique salon concept focusing on efficient, high-quality haircuts for both men and women. With a fixed price of €299, customers receive professional cuts within fifteen minutes, without additional services like hair washing or coloring.

Sjapper

Grant in 2013
Sjapper is a mobile application designed to facilitate the discovery of local products, events, and exclusives in Kristiansand and the surrounding areas of South Norway. Developed by Phidu Labs, an independent game development company, Sjapper aims to enhance the local shopping experience by connecting users with nearby offerings. In addition to its primary focus on the mobile app, Phidu Labs specializes in creating games for iPhone and social networks, as well as developing serious games tailored for various industries. The company also provides platform creation services, equipping small businesses with the necessary tools and information to improve customer engagement and value.

Sjapper

Grant in 2010
Sjapper is a mobile application designed to facilitate the discovery of local products, events, and exclusives in Kristiansand and the surrounding areas of South Norway. Developed by Phidu Labs, an independent game development company, Sjapper aims to enhance the local shopping experience by connecting users with nearby offerings. In addition to its primary focus on the mobile app, Phidu Labs specializes in creating games for iPhone and social networks, as well as developing serious games tailored for various industries. The company also provides platform creation services, equipping small businesses with the necessary tools and information to improve customer engagement and value.
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