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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.

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!