Innovation Norway

Innovation Norway is the Norwegian Government's most important instrument for innovation and development of Norwegian enterprises and industry. We support companies in developing their competitive advantage and to enhance innovation.
JB

Johan Bøe Bjørkevoll

Investment Director

Håkon Haugli

CEO

PN

Per Niederbach

Director of Regions and Financing

OS

Ola Smeby

Investment Director

Anita Krohn Traaseth

CEO

Hans Martin Vikdal

Director of Finance, Scorecards and Funds

CW

Christian Wolff-Shelter

Investment Director

Past deals in Norway

LastCall

Grant in 2018
Get notification about last call tickets to concerts, screenings and shows near you, and buy them to discounted prices.

SammeVei

Grant in 2018
Founded in 2016, SammeVei is the leading ridesharing app in Norway and working on developing a software for the urban commute of the autonomous future. Our ongoing campaigns with the leading public transportation operators connect us with thousands of users for peer to peer ridesharing via our mobile app. Big data analytics, machine learning and AI is our next step to develop a SaaS for autonomous, on demand urban mobility. Our vision is backed by the star investors and innovation grant. We believe in self-sufficient and connected communities for zero emission urban commute.

Museai

Grant in 2015
Museai offers a beautiful voice recorder which lets you capture your ideas in no-time. Finally it's super easy to organise your precious ideas with their brilliant archive system. Your creative moments are safely stored in the cloud with their seamless backup system. Develop and collaborate on each other's ideas with their super efficient sharing mechanisms.

Völur

Grant in 2020
Völur optimizes meat value chains with the use of Artificial Intelligence. Its pioneering services enable a whole new set of possibilities that understands how your business works, predicts cause-effect outcomes, and makes real-time recommendations driven by the market demand.

Oivi

Grant in 2018
Oivi develops an easy and affordable AI-camera and platform that will identifies diabetic eye-disease. It allows retinal screening at primary care, creating awareness, and maintaining diabetic eye-health for all. The company has a multifaceted team with extensive knowhow on camera and software development. Oivi was founded on 2017 and is headquartered in Oslo, Norway.

Oivi

Grant in 2020
Oivi develops an easy and affordable AI-camera and platform that will identifies diabetic eye-disease. It allows retinal screening at primary care, creating awareness, and maintaining diabetic eye-health for all. The company has a multifaceted team with extensive knowhow on camera and software development. Oivi was founded on 2017 and is headquartered in Oslo, Norway.

Oivi

Grant in 2020
Oivi develops an easy and affordable AI-camera and platform that will identifies diabetic eye-disease. It allows retinal screening at primary care, creating awareness, and maintaining diabetic eye-health for all. The company has a multifaceted team with extensive knowhow on camera and software development. Oivi was founded on 2017 and is headquartered in Oslo, Norway.

Travelin.ai

Pre Seed Round in 2020
Business and Leisure travel no longer just exist in silos but are intertwined. Travelin.ai is the Next Generation Corporate Travel Management Platform which reflects the true way we live, work and travel.

Intoto

Grant in 2019
Intoto is a Company from Norway providing real-time data from rivers and streams.

Foody

Seed Round in 2020
Foody is powering the service getfood.no - the portal for online food orders. The tool helps restaurants and diners build a professional profile with take-away and dine-in order systems, menues, table-reservations and catering.

SenseTask

Grant in 2021
SenseTask is a startup that processes documents using AI technologies.

Skyfri

Grant in 2021
Skyfri, established in 2017, provides owners of renewable energy plants sophisticated software to increase revenues and reduce down-time in production. Its platform is built to automate operations, maintenance and asset management. The company is backed by leading investors, and has a strong management with experience from building and listing renewable energy and technology companies. The team is also one of the most experienced within IPP, O&M and asset management, having earlier overseen more than 3GW across Europe, Asia and North America.

Intoto

Grant in 2020
Intoto is a Company from Norway providing real-time data from rivers and streams.

Wayd AS

Debt Financing in 2020
Wayd AS develops an online mobile application for sharing photographs. The application also enables the user to explore pictures according to locations; gives photos suggestions; and create friendship circle to track suggested moments. The company’s application can be accessed on android and iOS systems. Wayd AS was incorporated in 2019 and is based in Oslo, Norway.

Intoto

Grant in 2022
Intoto is a Company from Norway providing real-time data from rivers and streams.

laiout

Pre Seed Round in 2022
We are a team of entrepreneurs tasked with reducing the time and frustration involved when designing early stage floor plans for large developments and existing properties. With support from world's biggest early-stage VC and several of our international future clients our team is helping to optimize this tedious architectural design phase saving up to 20 weeks of time while providing more and better solutions.

Spiff

Debt Financing in 2021
Spiff is a new Norwegian savings app for everyone! Save together or alone, completely free. Most of us think of housing or retirement when talking about savings. It is also as much about the smaller things in everyday life. Certain things in life are difficult to achieve alone. Fortunately, it is easy to save on common goals when using Spiff. Sometimes it holds a monthly move. At other times it is cool to refer to some chronicles that hang and slang.

Targovax

Grant in 2022
Targovax ASA, a clinical stage immuno-oncology company, engages in the development of oncolytic viruses to target hard-to-treat solid tumors. Its lead product candidate is ONCOS-102 that is in Phase I/II clinical studies for the treatment of mesothelioma, melanoma, peritoneal disease, and prostate cancer. It also develops neoantigen cancer vaccines targeting tumors with oncogenic RAS–mutations. The company has collaboration agreements with Cancer Research Institute, Ludwig Cancer Research, and AstraZeneca to develop ONCOS-102 for peritoneal disease; Sotio to develop ONCOS-102 for prostate cancer; Valo Therapeutics to develop RAS neoantigen coating of ONCOS viruses using PeptiCRAd technology; and Merck & Co., Inc. to evaluate ONCOS-102 in combination with KEYTRUDA in mesothelioma. Targovax ASA is based in Oslo, Norway.

ScanReach

Grant in 2020
ScanReach is a maritime IoT company based in Bergen, Norway. The company mission of developing affordable and user-friendly live lifesaving technologies for vessels and offshore installations, in particular for Personnel On-Board (POB) Control.

laiout

Grant in 2021
We are a team of entrepreneurs tasked with reducing the time and frustration involved when designing early stage floor plans for large developments and existing properties. With support from world's biggest early-stage VC and several of our international future clients our team is helping to optimize this tedious architectural design phase saving up to 20 weeks of time while providing more and better solutions.

Nekkar

Grant in 2020
Nekkar ASA is a company based on an industrial philosophy utilizing smart design, digitalization and electrification to achieve higher efficiency and more sustainable solutions for multiple industries.

Völur

Grant in 2021
Völur optimizes meat value chains with the use of Artificial Intelligence. Its pioneering services enable a whole new set of possibilities that understands how your business works, predicts cause-effect outcomes, and makes real-time recommendations driven by the market demand.

Oamly

Grant in 2021
Furnishing your home doesn’t need to be so damn hard. Oamly is an online tool for home furnishing that translates tastes and budget limitations into a personalized e-commerce experience. We bridge the gap between a house and a dream home. Oamly generates professional interior designs with complete lists of purchase recommendations based on your taste, budget, and space. We are building the industry-leading algorithm for interior design, with user engagement continuously training our model, giving us proprietary data and moat against competitors. With Oamly, never again get swallowed by the internet. Instantly find similar-looking items across all brands and stores. Users experience an integrated journey of exploring, selecting, and purchasing all their home furnishings. Answering “is there a cheaper, taller, or “more puffy” option of this amazing chair?” is made seamless. Lastly, furnishing a home is a social project. Oamly organically includes recommendations and advice from friends, family, and the community in your design projects. Interior designs are made to be shared. Users can use other people’s projects as a starting point, tweak and edit them according to their own needs. The business model is based on affiliate marketing and partnerships programs, granting Oamly a fee per transaction from suppliers while making it free-to-use for customers. A highly scalable, fast business model minimizing risk by not requiring Oamly to own assets, inventory, storage, nor handling shipping. Oamly - Furnish like a pro, automagically.

Fonn Construction

Seed Round in 2019
Fonn Construction is a user-friendly management software for construction teams. Get your work done with every update at your fingertips.

N2 Applied

Funding Round in 2017
N2 Applied AS developed a technology to produce nitrogen fertilizer on the farm, through fixing nitrogen from air and reaction with ammonia in manure or biogas digestate. The company’s N2’s technology enables the livestock farmer to recycle nitrogen and produce own fertilizer with lower greenhouse gas emissions, improved resource efficiency, and reduced cost. Its technology has application in livestock farming, organic farming, biogas, and off-grid. The company was incorporated in 2010 and is based in Oslo, Norway.

Plaace

Grant in 2020
Proptech company creating vibrant streets and cities by helping property owners choose and connect with the right concepts, at the right place, using the right data.

CarePacks AS

Seed Round in 2018
In Carepacks you will find good and healthier snacks. We put our energy and soul into finding quality products that are healthier alternatives that your body and mood will appreciate. We strive to find products containing less sugar, salt, additives and calories, but that tastes good.

Cutters

Seed Round in 2016
Cutters offers effective and quality sure haircuts for ladies and gentlemen. It is a new and unique drop-in concept based on three factors: efficiency, quality, and price. Efficiency is that haircut only takes fifteen minutes, quality in that they have some of the best hairdressers, and a fixed price of haircuts for 299 euros. The company do not offer services such as hair washing, head massage, and dyeing or striping of hair, but focuses on what they do. Cutters is a Norway-based company that was founded in 2015.

Atbrox

Grant in 2010
Atbrox is a company that helps companies solve problems using open source and our own technologies and methods from search, big data (e.g. hadoop) and cloud computing (e.g. AWS) Research: 1) Participant in the Envisage research project on Cloud Computing financed through the EU 7th Framework program. The project period is: Q4 2013 to Q4 2016. 2) Participant in the Hyvar project within Internet of Things financed through EU Horizon 2020 Framework program. The project period is: Q1 2015 to Q1 2018. Investing: Atbrox sometimes invests – with “sweat equity” or small amounts – in tech startups, we are currently a shareholder in several exciting Scandinavian and US software startups/services that work in the areas of Artificial Intelligence / Deep Learning, Big Data, Education, Emergency Management, Healthcare, Mobile/Wearables and Search. http://atbrox.com/about

Plaace

Grant in 2020
Proptech company creating vibrant streets and cities by helping property owners choose and connect with the right concepts, at the right place, using the right data.

Freyr AS

Grant in 2021
FREYR AS focuses on the production and sale of battery cells for electric vehicles and energy storage in Europe and internationally. It also intends to develop other markets within the segments of marine transportation, aviation, and offshore oil; and operates 600 MW wind park in the municipalities of Rana and Nesna, Norway. The company is based in Mo i Rana, Norway.

Technebies

Angel Round in 2019
GrepS is a Norway-based technology company that is developing an authentic skill analysis for software engineers. GrepS is designed to show teams, companies and individual developers where they stand. GrepS uses robust measurement models rooted in 15 years of empirical research in Simula Laboratory and the University of Oslo to objectively benchmark the skills of teams and individual software engineers.

Kör

Debt Financing in 2020
Kör lets users track their progress from practice driving to booking driving lessons and obtaining the driving license.

Sensee AS

Grant in 2015
Sensee is an IoTaaS platform for SMEs, aiming to unlock the promise of IoT driven automation and data driven business intelligence currently only available to large enterprises through a range of full stack, plug and play, inexpensive IoT solutions combined with a marketplace for apps and analytics integrations. Our first product is an automated temperature monitoring solution for food, hospitality, healthcare and logistics businesses - automating business critical processes that are currently manual, inefficient and mistake prone. Sensors record temperature data, gateway aggregates data from all sources and sends to cloud where it is accessible in a user reporting dashboard. System sends alerts when problems occur, ensures regulatory compliance, prevents inventory loss, protects customer health and saves time, money and worry. Proprietary technology to be modified for new sensor types (i.e. location, optical, electrical), new “things” to monitor (i.e. customer traffic, inventory, product use, fleets) and new uses (i.e. asset monitoring, personalized marketing, telematics, surveillance) as we expand the platform.

Terp

Seed Round in 2018
Terp AS publishes e-books. The e-book products identifies a starting reading position, and then customizes the content to provide the fastest route to knowledge, depending on the reading progress. It offers textbooks and entertainment books. The company was founded in 2014 and is based in Skjold, Norway.

Sjapper

Grant in 2013
Sjapper is a mobile application that makes it easy to find local products, events and exclusives in Kristiansand and South-Norway. Sjapper is by Phidu Labs, an independent game development company, developing games based on self-owned IP and contracting work for others. They are specialized in games for iPhone and Social Networks, and serious games for different industries.

Alphabet King

Venture Round in 2017
The Alphabet King Reading Lab is an innovative, complete setup, teaching kids how to read and write within weeks without guidance from qualified teachers. The Reading Lab is installed and functional without access to the internet, login or the grid. The apps run on all platforms for both tablets and mobile phones.
NQCG is developing platform agnostic quantum software building on the latest advances in superconducting qubits and photonic quantum computing. Our applications R&D team is primarily developing hybrid quantum-classical and full quantum algorithms and applications for the financial services and industrial technology sectors, focusing on pursuing quantum advantage in the three quantum information technology core areas of simulation, optimization and artificial intelligence, as well as development of chip designs for optimized performance of quantum algorithms.

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.

Kybernesis

Seed Round in 2013
Developer of games set in an original post-apocalyptic cyberpunk setting. Kybernesis started out by building an original futuristic setting set after several natural disasters have ravaged the Earth. The goal is to build this setting into a Transmedia franchise that includes games, comics, series, movies, books and more. On the way to this goal, the developers at Kybernesis are now working on their first game, Wasteland Bar Fight!, for mobile devices. And are currently in pre-production of their highly anticipated concept, Corp Wars. Corp Wars will be an online social strategy game where players help rebuild the post-apocalyptic world by forming corporations. Everything the player designs and builds in this game can then be reused in future games. People have come to categorize the concept as Minecraft meets Civilization meets Sim City meets Dust 514. In Corp Wars one player can build a factory, see that another player competes with her factory and therefore issue a black ops mission to sabotage that factory. Players of a 3D First Person Stealth Shooter can then team up, accept the mission and enter the factory built and designed by that other player and try to get through his security and sabotage the factory. The results will then be sent back to the strategy game, updating the mission status.

Disruptive Technologies

Venture Round in 2017
Disruptive Technologies AS develops Internet of Things solutions (IoT), an advanced network of devices and services that reinvents how users interact with the world around. Its IoT is made up of physical objects containing the technology that enables sensing and control via Internet. The company was founded in 2013 and is based in Bergen, Norway.

Sjapper

Grant in 2010
Sjapper is a mobile application that makes it easy to find local products, events and exclusives in Kristiansand and South-Norway. Sjapper is by Phidu Labs, an independent game development company, developing games based on self-owned IP and contracting work for others. They are specialized in games for iPhone and Social Networks, and serious games for different industries.

Yast

Seed Round in 2008
Yast is a "Software as a service" company. The service at www.yast.com is an online time-tracking application The company focuses on userfriendly interfaces When launced as a beta-solution in november 2009, it got a massive response from testers all around the world thanks to good reviews in blogs like lifehacker, downloadsquad, makeuseof and web-workers daily.

Simp

Venture Round in 2019
SIMP Social WiFi is an innovative & smart social media marketing and guest network platform that visualize your social media to the broadest and invite your customers to like, check in or follow your business on selected media platform. Identify your target group and conduct an efficient and accurate marketing. Loyal clients create growth and increased revenue. In today’s super competitive market, digital marketing is the most valuable asset you can have when targeting returning customers. There is also enormous potential in a "drop-in-customer". We help you get the most out of the opportunity and also build an accurate database. Learn more about how we use social WiFi to make things happen for your business: http://www.simp.no/

Exabel

Seed Round in 2020
Exabel's mission is to make state-of-the-art AI technology accessible to investors worldwide. From our offices in Oslo, we are developing Exabel Intelligent Monitoring, a fully automatic monitoring tool for finance professionals. We combine sophisticated mathematical models and machine learning to extract insights by cross-analyzing both traditional and alternative data sources. We are an experienced team of engineers and successful entrepreneurs. Our people bring with them the best of various disciplines, including mathematics, data science and business development.

reTyre

Pre Seed Round in 2018
reTyre is the worlds first modular bicycle tyre that allows users to change the tread in seconds to adapt to changing surface and weather conditions! With an easy to use and robust zip-on technology your tyre can transform into a winter tyre or an offroad tyre - no tools are necessary.