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.

Johan Bøe Bjørkevoll

Investment Director

Håkon Haugli

Chief Executive Officer

Per Niederbach

Director of Regions and Financing

Ola Smeby

Investment Director

Anita Krohn Traaseth

Chief Executive Officer

Hans Martin Vikdal

Director of Finance, Scorecards and Funds

Christian Wolff-Shelter

Investment Director

Past deals in Grant

Intoto

Grant in 2022
Intoto is a Norwegian company specializing in real-time data collection from rivers and streams. It has developed a platform utilizing IoT technologies to enhance water management practices. This platform supports future planning and disaster prevention by forecasting river floods and addressing challenges in the aquaculture sector, such as preventing fish deaths. Additionally, Intoto aims to optimize the hydropower industry and improve overall water quality. By providing actionable insights, the company enables clients to make informed decisions regarding climate change and sustainable water resource management.

Circio

Grant in 2022
Targovax ASA is a clinical-stage immuno-oncology company based in Oslo, Norway, focused on developing oncolytic viruses and neoantigen cancer vaccines to treat challenging solid tumors. Its lead product, ONCOS-102, is currently undergoing Phase I/II clinical trials for various cancers, including mesothelioma, melanoma, peritoneal disease, and prostate cancer. Additionally, Targovax is advancing TG01, a cancer vaccine in Phase I/II trials for resectable pancreatic cancer, which aims to activate the immune system to target specific RAS mutations in cancer cells. The company collaborates with notable organizations, including Cancer Research Institute, Ludwig Cancer Research, and AstraZeneca, to enhance the development of its therapies. Targovax's innovative approach aims to induce robust immune responses by leveraging both helper and cytotoxic T-cell mechanisms, demonstrating potential for improved patient survival and favorable tolerability profiles. Established in 2010 by inventors from the Radium Hospital Research Foundation, Targovax is dedicated to addressing unmet medical needs in oncology.

SenseTask

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

Skyfri

Grant in 2021
Skyfri, founded in 2017, specializes in asset performance management software tailored for renewable energy plant owners. The company's platform leverages machine learning and a comprehensive library of operational algorithms to deliver actionable analytics, allowing users to identify and address performance issues automatically. By automating operations, maintenance, and asset management, Skyfri aims to enhance revenue generation and minimize downtime in production. The company is supported by prominent investors and boasts a management team with extensive experience in developing and managing renewable energy and technology ventures, including overseeing over 3GW of assets across Europe, Asia, and North America.

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.

Oamly

Grant in 2021
Oamly is an online platform that simplifies home furnishing by providing personalized interior design solutions tailored to individual tastes and budget constraints. Its innovative algorithm generates complete design proposals along with curated purchase recommendations, making it easier for users to find and acquire furnishings that suit their needs. The platform allows users to seamlessly explore, select, and purchase items from various brands, enhancing the shopping experience. Additionally, Oamly fosters a community-driven approach by enabling users to share design projects and collaborate with friends and family. The business operates on an affiliate marketing model, earning fees from suppliers for transactions while remaining free for users. This scalable model minimizes risk by eliminating the need for inventory or shipping logistics, positioning Oamly as a user-friendly tool for transforming houses into dream homes.

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.

FREYR

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.

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.

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.

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.

Intoto

Grant in 2020
Intoto is a Norwegian company specializing in real-time data collection from rivers and streams. It has developed a platform utilizing IoT technologies to enhance water management practices. This platform supports future planning and disaster prevention by forecasting river floods and addressing challenges in the aquaculture sector, such as preventing fish deaths. Additionally, Intoto aims to optimize the hydropower industry and improve overall water quality. By providing actionable insights, the company enables clients to make informed decisions regarding climate change and sustainable water resource management.

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.

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 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.

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.

Intoto

Grant in 2019
Intoto is a Norwegian company specializing in real-time data collection from rivers and streams. It has developed a platform utilizing IoT technologies to enhance water management practices. This platform supports future planning and disaster prevention by forecasting river floods and addressing challenges in the aquaculture sector, such as preventing fish deaths. Additionally, Intoto aims to optimize the hydropower industry and improve overall water quality. By providing actionable insights, the company enables clients to make informed decisions regarding climate change and sustainable water resource management.

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.

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.

LastCall

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

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.

Sensee Inc

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.

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.

Atbrox

Grant in 2010
Atbrox is a company focused on providing solutions for businesses through the application of open source technologies, search methodologies, big data, and cloud computing services. The company has participated in significant research projects, including the Envisage project on cloud computing and the Hyvar project within the Internet of Things, both funded by the European Union. Additionally, Atbrox engages in investment activities, contributing sweat equity or small amounts to innovative tech startups, particularly in Scandinavia and the United States. Their investment interests span various sectors, including artificial intelligence, deep learning, big data, education, emergency management, healthcare, and mobile technologies. By leveraging their expertise and research capabilities, Atbrox aims to address complex challenges faced by organizations in today's digital landscape.

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.