18 European startups selected for Industry 4.0 Accelerator

DeepTech Alliance – partners across Europe

Together with the DeepTech Alliance, we are proud to present the startups that were carefully chosen for our Industry 4.0 Accelerator. 110 startups within Industry 4.0 were evaluated for participation and only 18 were selected for the program. The selected startups are based all over Europe and are ready to deliver and test their solutions in European markets.

The DeepTech Alliance is a coalition between the best deep tech incubators and accelerators in Europe. The alliance works together to bring the most promising deep tech startups faster to the market and consists of 8 partners across Europe. Kongsberg Innovation is one of them.

Selected startups

The participants are working within predictive maintenance, quality control, process optimization & system integration, environmental sensors, worker enhancement and production tech.

About the Industry 4.0 Accelerator

The Industry 4.0 Accelerator is a 6-week accelerator program, that is exclusively designed for Industry 4.0 startups. Participating startups needs to be ready to deliver or test their solutions with corporate partners and customers in Europe. The program matches mature startups with partners, B2B customers and investors in new European markets. The Industry 4.0 Accelerator is delivered by the DeepTech Alliance. The alliance consists of 8 incubators and accelerators across Europe:

Kongsberg Innovation (Norway),  Drive Technion Accelerator (Israel), ieLab (Switzerland), Future Box (Denmark), Hello Tomorrow (France), UnternehmerTUM (Germany), PoliHub (Italy) and Things (Sweden).

We are seeking startups within Industry 4.0

Do you want to expand your business into new European markets? Then, the Industry 4.0 Accelerator might be the right stepping stone!

In cooperation with our partners in the DeepTech Alliance, we are seeking Norwegian startups to an industry-specific accelerator program within Industry 4.0. The acceleration program is exclusively designed for Industry 4.0 startups, who are ready to deliver or test their solutions with corporate partners or customers in Europe.

Apply within: 17 May 2021

The Industry 4.0 Accelerator is a 6-week program that matches mature startups with partners, B2B customers and investors in new European markets. Startups interested, must apply within the 17th of May. Read more about the Industry 4.0 Accelerator here. 

The Industry 4.0 Accelerator offers

  • Matchmaking with potential corporate partners
  • Expert workshops on international business development and partnerships
  • 1 : 1 mentoring and business coaching
  • Local support in new markets
  • Investor exposure
  • A strong peer network with a selected Industry 4.0 startup founders

What do we mean by Industry 4.0?

Industry 4.0 refers to the fourth industrial revolution, which affects every manufacturing domain and comprises advanced manufacturing technologies that capture, optimize, and deploy data.

Participants in the Industry 4.0 Accelerator can operate within several relevant fields such as: Predictive Maintenance, Automation, Sensor Technology, Big Data and Analytics, Simulation, Digital Twins, Pattern Recognition, Machine Learning, Augmented Reality, Smart Systems, Value Chain System Integration, AI, (I)IoT, Additive Manufacturing and Cybersecurity.


The DeepTech Alliance, is an international initiative between the best deep tech incubators and accelerators in Europe, to bring the most promising deep tech startups faster to the market.

The alliance consist of eight partners: Kongsberg Innovation (Norway),  Drive Technion Accelerator (Israel), ieLab (Switzerland), Future Box (Denmark), Hello Tomorrow (France)UnternehmerTUM (Germany), PoliHub (Italy) and Things (Sweden).

Kongsberg Innovation joins DeepTech Alliance

DeepTech Alliance – partners across Europe

Kongsberg Innovation has been accepted as partner in a European coalition called the DeepTech Alliance. The alliance is an international initiative between the best deep tech incubators and accelerators in Europe to bring the most promising deep tech startups faster to the market.

Business incubators and accelerators affiliated with the DeepTech Alliance has a strong link to some of Europe’s top-tier academic institutions in Europe such as TU München, Politecnico de Milano, ETH Zürich and Technion. Correspondingly, BI Business School is Kongsberg Innovation’s academic partner in the DeepTech Alliance following the partnership agreement made in November 2020.

Thomas Klem Andersen, program manager at DeepTech Alliance

– Kongsberg Innovation has a strong national position within the Norwegian deep tech environment and has a close link to Norway’s leading high-tech industry. With Kongsberg Innovation on board, we have a new strong partner in the Nordic region and the DeepTech Alliance will benefit greatly from their know-how and network of corporates and startups, says Thomas Klem Andersen, program manager at DeepTech Alliance.

A leading startup ecosystem

With Kongsberg Innovation on board the DeepTech Alliance consist of eight partners from several European countries: Drive Technion Accelerator (Israel), ieLab (Switzerland), Future Box (Denmark), Hello Tomorrow (France), PoliHub (Italy), UnternehmerTUM (Germany) and Things (Sweden). These are accelerators connected to some of the most prestigious technical universities in the world, such as: Technion, ETH Zürich, DTU, Politecnico di Milano, TU München and KTH.

Einar Eilertsen, Chief Operating Officer at Kongsberg Innovation

– We are truly grateful and very excited to join the DeepTech Alliance. This is an important partnership that will strengthen our interaction and collaboration with Europe’s leading startup ecosystem, to support promising deep tech startups in the best possible way. We are looking forward to a close and productive collaboration, says Einar Eilertsen, Chief Operating Officer at Kongsberg Innovation.

The DeepTech Alliance organizes European acceleration programs that brings startups, experts, innovation partners, investors, and corporates together. The ambition is to secure contracts and investments for the participants.

Industry-specific accelerators

In an increasing international and competitive world, the DeepTech Alliance focuses on industry-specific accelerators that are tailored to different fields within deep technology of high complexity. The different accelerators match mature startups with B2B partners and investors. The aim is to accelerate deep tech startups with high growth potential and international ambitions to new European markets.

– We will recruit the best deep tech startups from all over Norway to join the different industry-specific accelerator programs. The goal is to help them to win contracts and investments in Europe, says Eilertsen.

Currently, the alliance is seeking deep tech startups to an Industry 4.0 accelerator. For more information visit deeptechalliance.org.

International collaboration

– PoliHUB has decided to join this ambitious alliance because we genuinely believes that international collaboration can represent a concrete way to facilitate the growth and impact of European startups by pooling resources, assets, and skills coming from each partner, says Stefano Mizio, head of startup acceleration programs at PoliHub.

Kongsberg Innovation is a member of Siva’s national incubator program. Innovation Norway has awarded Kongsberg Innovation an ecosystems grant to build and make an international innovation ecosystem available for promising startups across Norway. Kongsberg Innovation is also receiving annual grants from Viken County. 

 

For more information, contact:

Einar Eilertsen, Chief Operating Officer at Kongsberg Innovation

E-mail: einar.andre.eilertsen@k-i.no | Phone: +47 45 04 97 40

Kyoto Group listed on the Norwegian stock exchange

Kyoto Group is entering the Norwegian stock exchange. Photo: Kyoto Group AS

Kyoto Group is now listed on Euronext Growth (Oslo Stock Exchange, Norway). This green technology startup, which develops solutions for thermal energy storage, secured a pre-IPO on 150 MNOK prior to the listing. The value of the company is set to be 401 MNOK. Kongsberg Innovation have had an active ownership in the startup company since 2016.

Svein-Olav Torø, Managing Director at Kongsberg Innovation

– It is amazing that Kyoto Group is listed on the Norwegian stock exchange. It is an important milestone for the green tech-startup and for Kongsberg Innovation, which has been an active investor that has contributed with competence and advisory since 2016. We know that a lot of hard work is required to reach this milestone, and we are very happy on behalf of Kyoto, says Svein-Olav Torø, Managing Director at Kongsberg Innovation.

Kyoto Group develops solutions for capturing and managing energy from renewable energy sources. The green tech-startup is developing an innovative, cost efficient, and modular solution for thermal energy storage, which is called Kyoto Heatcube. The solution can be used to store energy when it is low-priced, and the mission is to decarbonize the industry. Kyoto Heatcube can be used to generate steam, power, and heat for various industrial processes. Compared to electric batteries, Kyoto’s solution will reduce capital expenditures by 90 %.

Kongsberg Innovation – partner and investor

Kongsberg Innovation helped establish Kyoto Group back in 2016 and has since then been an active owner. As an investor and innovation partner, Kongsberg Innovation, have contributed with business development, technology expertise from its extensive industrial network and early-phase funding.

Kyoto is one out of 14 startup-companies that Kongsberg Innovation has actively invested in. Through our industry-based incubator program and through different accelerators, we help companies such as Kyoto to develop, grow, and scale, says Torø.

Through Kongsberg Innovation’s extensive network, Kyoto Group have received assistance and expertise with technology development. The startup company has also had their own advisor from Kongsberg Innovation within business development and finance. In 2018, Kongsberg Innovation contributed with early-phase investment funding to the first capitalization of Kyoto together with Hydro Energi Invest.

Read more about Kongsberg Innovation’s industry-based incubator program here

– Kyoto have used the entire Norwegian support system to build the company; from Innovation Norway to the Research Council of Norway and Siva through us as a business incubator and innovation company. This has been very important on their journey in developing and strengthening the company, Torø adds.

Ingrid R. Lorange, CEO at Siva

Kongsberg Innovation is part of Siva’s national incubator program. Kongsberg Innovation receives annual financial support from Siva, which is used to develop startup companies and spin-offs from established companies.

– Our incubator program vision is to create tomorrow’s most competitive companies. The collaboration between Kongsberg Innovation and Kyoto Group is a good example of how incubation provides growth for startup companies. With strategic ownership as one of our tools, and as the largest owner of Kongsberg Innovation, we are pleased to see that it gives good results. Kongsberg Innovation is an innovation company that exploits its potential and is an important driver for innovation in its region, and in this case also internationally, says Ingrid R. Lorange, CEO at Siva.

Ready for European and global expansion

Kyoto Group has developed their company over the last years and is now ready for scaling both in Europe and globally. The thermal energy storage market is growing and is expected to reach 300 BN USD by 2030.

Christian Blom, CEO at Kyoto Group

– Today’s industry, represents a third of the total energy consumption in the world. 75% of the industrial energy consumption is used for thermal energy, and 90% is based on fossil fuels, says Christian Blom, CEO at Kyoto Group.

– Kyoto develops solutions to decarbonize the industry by changing companies’ needs for coal and fossil power plants. Kyoto has a scalable business model for further European and global expansion, Blom adds.

Kyoto Group has brought in investors such as Quantafuel’s CEO Kjetil Bøhn, Norsk Hydro, Kongsberg Innovation and Valinor. Eivind Reiten, former CEO of Hydro, is chairman of the board.

Yara International, Sub Sea Services, Aalborg CSP, RPOW, and Nvidia are partners.

First commercial installation

Kyoto Group will deliver their first commercial installation of the Kyoto Heatcube in Denmark before the end of 2021. The tech-startup is experiencing a growing pipeline and will deliver installations in Northern Europe and several new markets in 2022.

– Kyoto are looking forward to launching our products internationally and is now working full time to sign our first projects in Europe. We are experiencing increased interest from all corners of the world and our listing on Euronext Growth, makes it possible to work on these projects in the future, says Blom.

Learn more about Kyoto Group in this video:

Global scaling of Norwegian technology and industry

BI Norwegian Business School becomes co-owner of Kongsberg Innovation and academic partner in a new joint initiative to help Norwegian technology companies realize growth ambitions in China, U.S, and Europe.

– We see a market need in supporting Norwegian tech companies that want to scale internationally. This collaboration connects the leading academic expertise within scaling with Norway’s leading industrial cluster. Together with BI, we look forward to scale Norwegian technology companies into the global market, says Svein-Olav Torø, managing director at Kongsberg Innovation.

Kongsberg Innovation will build an ecosystem for innovation and entrepreneurship to strengthen international scaling of Norwegian technology and industry.

– This is an important investment that strengthens the interaction with Norwegian industry and industrial innovation hubs in Norway and internationally. Together, we will establish a leading business community that effectively creates value for Norwegian startups and scaleups for the future, says Inge Jan Henjesand, President at BI Norwegian Business School.

An export boost

The initiative, aims to connect technology-based companies to industrial projects of national and international interest.

– Going forward, Norway is dependent on strengthening exports from established industries and building new ones. Our ability to export products and services is crucial for the development of a competitive and sustainable Norwegian business community, says Håkon Haugli, Chief Executive Officer at Innovation Norway.

– BI and Kongsberg Innovation’s joint collaboration, where they connect important players in an ecosystem onto large international industrial projects, is a very important initiative to get more Norwegian companies to grow internationally, Haugli adds.

Going global

BI is an important partner, and has for several years worked to scale Norwegian tech companies through its 100Scaleups program and existing collaborations with Tsinghua University in China and MIT in the U.S. Kongsberg Innovation has a strong position in the industrial environment and collaborates with a number of European companies through the innovation platform Landing Pad, with partners in 20 countries.

– Siva is looking forward to having BI Norwegian Business School as a shareholder in Kongsberg Innovation. This will complement the strategic ownership of the company, which is an important player for development in Norway. There are great opportunities in the international innovation collaboration BI brings into Kongsberg. We want to contribute to realize the potential in this initiative, says Ingrid Lorange, Chief Executive Officer at Siva.

Siva is the largest owner of Kongsberg Innovation and manage the incubator program where Kongsberg Innovation is one of 33 program operators.

Creating new jobs

In the new, joint scaleup initiative, selected companies will receive tailored frameworks and follow-up from industry experts, academia, and the investment industry. An overarching goal is to prepare companies and the Norwegian economy for the future by creating new jobs in export-oriented knowledge industries.

– Norway has an ambition to increase export by 50 percent over the next decade. In order to achieve this, we must seek new approaches which secures profitability, competitiveness and growth. We consider it to be very positive that BI and Kongsberg Innovation will actively work with Norwegian industry to contribute to develop markets and the next generations` solutions. It’s positive that BI takes an important step towards strengthening its cooperation with the industry and technology communities, says Stein Lier Hansen, Chief Executive Officer of Norsk Industri.

World class collaboration

The initiative is based on Kongsberg Innovation and BI’s existing collaboration and relationships with the world’s leading institutions and innovation hubs in Europe, China, and the U.S.

– Many Norwegian tech companies stagnate and fail when they’re facing international competition from customers and market shares in order to grow further. Norway needs a national ecosystem with a focus on exports and industry that is able to connect with the best expertise in the world, and has a position in the international scaling industry to promote and scale up companies, says Professor Per Ingvar Olsen at BI Norwegian Business School.

Facts about BI:
  • BI Norwegian Business School is a self-owned foundation whose sole purpose is teaching and research in areas such as finance, economics, management, strategy, and marketing.
  • Since its establishment in 1943, BI has grown to become one of Europe’s largest business schools with approx. 20,000 students.
  • BI has arranged scaling programs for 28 Norwegian SMEs and 20 Chinese high-tech companies in collaboration with Tsinghua University in Beijing.
Facts about Kongsberg Innovation:
  • Kongsberg Innovation is an industry-based incubator, investor and an innovation company that operates throughout Norway. Kongsberg Innovation offers a unique industrial collaboration and works with growth for technology companies, from startups and scaleups, to well-established companies.
  • Since its establishment in 2003, Kongsberg Innovation has grown and gained a strong position in the industrial environment, both nationally and in Europe.
  • Kongsberg Innovation is owned by a number of Norway’s leading industrial companies, such as Kongsberg Gruppen, TechnipFMC, Kongsberg Automotive, Equinor and Siemens.

Vibration test of advanced 3D-printed components

ReThink – Norwegian Advanced Design and Innovation Center, are now working on their first project. The project aims to map the tolerance of vibration fixtures produced with additive manufacturing, also known as 3D-printing. Recently, a vibration test was conducted at Kongsberg Automotive, one of the companies that established ReThink.

– As a national competence center within design for additive manufacturing, it is very exciting to get started with our first project, says Lars Lyshaug, head of cluster projects at the Kongsberg Cluster.

– We have now conducted a test of a 3D-printed vibration fixture, manufactured with topology optimization, to see if it can withstand the great stresses that arise during vibration testing of products for the automotive industry. This test will verify how well the real test conditions can be represented in our data models, he says.

– We use data tools to simulate all processes in a product and component development cycle. In this way, we know that the final product meets the specifications that it must meet. This will make the development process more efficient, he emphasizes.

Successful vibration test

All products in the automotive industry are to some degree affected by vibrations, for example during transportation or when in use. Vibration testing is used to identify a product’s ability to withstand these vibrations over time. Testing, verifying and comparing the 3D-printed fixture and associated components with today’s solutions is part of ReThink’s mission with the project.

– Products and components made through additive manufacturing, like the fixture, are both stronger and lighter than those we have today. The vibration test we conducted confirmed this, says Christer Kobbervik at Kongsberg Automotive.

– The fixture and the components the fixture was customized for were stress-tested in the same way that we test today’s solutions and our data are consistent with what we predicted, he adds.

Below you can watch a clip of the vibration test of the 3D-printed fixture:

New possibilities

The Kongsberg industry have long experience in advanced production and has experience with different materials and different manufacturing processes.

– Being able to produce things we have never been able to; with completely new features, faster, more efficient and with precise precision will have a major impact on how we conduct production processes in the future, says Peder A. Aune, Industrial Design Engineer at KDS. – Additive manufacturing creates new possibilities in new markets which is only stopped by our imagination, he says.

Going forward

Going forward, the companies that participate in ReThink’s project will continue to explore and test 3D-printed fixtures, products and components.

– We are very excited about what’s ahead of us and what results and data we get from the verification project, says Lars Lyshaug in the Kongsberg Cluster.

ReThink is a competence center situated in Kongsberg. ReThink focuses on product and system design. The center is established by TechnipFMC, the Kongsberg Group, Kongsberg Automotive and GKN Aerospace. ReThink is located at Kongsberg Innovation and Kongsberg Innovation is facilitating the center.

New environmentally friendly technology

Funzionano is a spin-off from SINTEF, one of Europe’s Largest independent research organizations. The company has offices in the research park at Herøya in Porsgrunn, with a total of 7 employees. Funzionano AS was established in 2015 and is owned by Sintef Venture, Skagerak Maturo, Investinor and its employees. Morten Eikenes is the CEO of Fuzionano.

International growth potential

Funzionano develops and delivers new and sustainable flame retardant technology for plasticized PVC. The tech-company is excited to work in a close cooperation with Kongsberg Innovation to bring their technology out in the international market. Kongsberg Innovation got to know Funzionano during their participance in KongsbergHOW this autumn. The relationship developed and in January, Funzionano were connected to PoliHUB’s network, which is Kongsberg Innovation’s international cooperation partner in Milan, Italy. This resulted in meetings with potential customers and partners abroad.

 

– We have developed our technology over several phases and is now ready to promote our sustainable solution internationally, Says Morten Eikenes, CEO of Funzionano. – It is of great value to us to be a part of Kongsberg Innovation and their network and we are grateful for the opportunities we have been given so far, concludes Eikenes.

A solution with several use cases

Funzionano’s technology is based on polysiloxane cores with a specific property where the cores are given new properties through chemical processes. I this way, the new molecules can change and improve other materials and make them more environmentally friendly. Funzionano have several references to applications and projects, including a collaboration with Jotun, where the technology was used in Drygolin Extreme to reduce the use of solvent and improve the paint and its properties.

Receives pre-seed funding and resources for further technology development

Funzionano is an exiting company with great international growth potential within sustainable technology. Kongsberg Innovation will therefore invest in the company with a combination of pre-seed funding and other resources. A contribution that will support further development of the company. Funzionano is now part of Kongsberg Innovation’s investment portfolio.

Read more about investments and funding here.

– Funzionano is a unique technology company and their competence has developed over several years, says Einar Eilertsen, Director – Investments and Incubation at Kongsberg Innovation. – Kongsberg Innovation are looking forward to further cooperation with this exciting growth company, Eilertsen highlights.

Exciting opportunity for global growth

Kongsberg Innovation has entered a cooperation agreement with an international innovation platform – Landing Pad. This platform is led by PoliHUB, an international renowned business-incubator connected to the Politecnico University of Milan. PoliHUB focuses on developing industry- and technology-based growth companies. By entering the cooperation agreement with PoliHUB, Kongsberg Innovation, aims to strengthen our portfolio tech-startups globally and connect them with target markets all over the world.

International agreement

The international innovation platform consists of 21 business incubators in 20 countries on all continents.

The agreement opens opportunities for international cooperation and increased growth potential for tech-startups connected to Kongsberg Innovation. Our startups will have free access to services at 21 business incubators abroad, the services include:

  • Close cooperation with industrial partners
  • Disposal of office space
  • Disposal of meeting rooms
  • Experience exchange with local startups
  • Guidance from local business developers
  • Access to local startups, their ecosystem and network

Growth potential is an important admission requirement for entry to our incubator programs. The international innovation platform will contribute to building bridges abroad and allow startups connected to Kongsberg Innovation to go global. Kongsberg Innovation sees this agreement as an opportunity to continue to contribute to developing competitive companies and increased international value creation.

– Kongsberg Innovation contribute to development for startups with international growth potential. It is therefore of high importance that we now can offer our incubator companies, facilities and local business development abroad, says Einar Eilertsen, Director – Investments and Incubation at Kongsberg Innovation.

Among the partners of the international innovation platform we find several of the world’s most renowned business incubators. UnterehmerTUM is Europe’s largest incubator, while TUS Star Beijing is China’s leading incubator. PoliHUB was recently raked as the world’s third best university-affiliated incubator in a global ranking.

The international innovation platform is available for startups that has an incubator agreement with Kongsberg Innovation. Please contact us if you would like to be considered for admission to our programs.

21 business incubators in 20 countries

An overview of business incubators that are part of the international innovation platform.

  • PoliHUB (Milan, Italy)
  • UnternehmerTUM (Munich, Germany)
  • Chrysalis (Valparaiso, Chile)
  • BIC Euronova (Málaga, Spain)
  • Univeristy of Latvia (Riga, Latvia)
  • 1551 (Lima, Peru)
  • ITÜ ARI Teknokent (Istanbul, Turkey)
  • TUS Star Beijing (Beijing, China)
  • ESPOCH (Ecuador)
  • ACE Startup Village (Amsterdam, Netherlands)
  • IMT Atlantique (Brest, France)
  • Centrale Supèlec (Paris, France)
  • KTU (Kaunas, Lithuania)
  • University of Adelaide (Adelaide, Australia)
  • DublinBIC (Dublin, Ireland)
  • Startup Sauna (Helsinki, Finland)
  • HSE (Moskva, Russia)
  • Innovation Technology Transferring Centre (Hanoi, Vietnam)
  • DMZ (Toronto, Canada)
  • ASRT (Kairo, Egypt)
  • TecnoPuc (Porto Alegre, Brazil)

KongsbergHOW: Kicks-off new round

Kongsberg Innovation are today kicking off a new round of KongsbergHOW.

KongsbergHOW is a program where ambitious tech-startups are given the opportunity to meet and learn from industry leaders. The program focuses on challenging strategic decisions and participating startups will get valuable insights and know-how from industry experts and former entrepreneurs.

Tore Halvorsen – former VP of TechnipFMC’s subsea division, Kjerstin Kleyne Braaten – 21 years’ experience within maritime and oil/gas, John A. Johansen – former director of technology and innovation at Precision Subsea and Jan Erik Korssjøen – former CEO of Kongsberg Gruppen are contributing as industry leaders in this round.

Participating startups – KongsbergHOW 2019

There has been great interest and many applicants for our program this year. After careful consideration of all candidates, we are welcoming these exciting companies:

BEBA – Develops stable lithium-sulfur battery with the use of graphene oxide.

Deep River – Research and development of efficient power plants to produce electricity from rivers, waterfalls and ocean currents.

Dimeq – Develops digital HSE tools that improve safety of maritime vessels and installations.

Funzionano – Develops ad delivers functional nanotechnology-based hybrid polymers.

N2 Applied – Develops a plasma reactor to produce nitrogen fertilizer on farms.

Subsea1 – Develops wiki and e-learning for subsea technology and products on their network portal.

VesselMan – Develops a project management tool for the offshore and maritime industry.

Wavefoil – Develops retractable bow foils for reduced movement and more comfortable seaside experiences.

About KongsbergHOW

KongsbergHOW helps tech-startups to gain valuable knowledge that provides increased company value and insight into proven business methodology. The program runs over 3 months and tech-startups interested, will have to apply for participation. Only 8 companies are selected for each program round. Participating companies pay a program fee. Read more here!