1. No category

Public Financing
PWN Norway - 04.02.2015
About me
Innovation Norway
• Innovation in Norwegian trade and industry
• Making Norwegian businesses competitive domestically
and internationally
• Promoting the reputation of Norwegian businesses
5
Much more than financing
Photo: Johan Wildhagen/Innovation Norway
Innovation Norway:
Our services
Financing
services
Promotional
services
Competence
services
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Advisory
services
Networking
services
An international organization
OFFICES IN
EVERY COUNTY
REPRESENTATION IN MORE
THAN 30 COUNTRIES
Overall objective
Increased value creation through female participation and
position in industry – as entrepreneurs, in management
and on boards.
13
Leadership Mentor (Travel industry)
• 6 gatherings
• Individual sessions with mentor
• Leadership and career development
Photo: Johan Wildhagen/Innovation Norway
14
Female Entrepreneur of the Year
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Startup Grants
(Etablerertilskudd)
• Development, market introduction
and early growth phase
• Phase 1: “Market clarification”
Up to 150.000 covering up to 100% of the
project cost
• Phase 2: “Commercialisation”
Up to 800.000 covering up to 75% of the
project cost
18
Other Grants and Loans
• Public/industrial research and
development: Development of
competitive products in an
international market in collaboration
with a customer (IFU / OFU)
• Innovation loans: Companies in the
growth phase or loans for
development of innovation projects
18
Other Services
• IPR / Design services
• Mentor programs
• International marked advisory
• Competence programs
• Network programs
Conditions for our support
• Adding value to Norway
• Innovation
• Market potential
• Profitable
• Ability to complete task
• Triggering effect
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Can you build it?
What’s new about it?
Is there a market for it?
How will you reach the market?
Why will they care?
We do not give grants if
• Payment problems, poor financial situation
• Inventions lacking business sense
• Company older than 3 years (5)
• Local focus – traditional commerce, private
service, consulting, hand craft
• Import, agencies or licensing businesses
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Most phenomenal
startup teams
create businesses
that ultimately fail.
Why? They built
something that
nobody wanted.
Eric Ries
Osterwalder´s Business Model Canvas
• Who are our Key
Partners?
• Who are our Key
Suppliers?
• Hvem er partnerne våre?
• Hvilke leverandører har
vi?
• What key activities do we
have to do to deliver the
Value Propositions?
• Hvilke kjerneaktiviteter
må vi selv utføre for å
levere verdiløftet?
• What Key Resources do
our Value Propositions
require? (Physical,
Intellectual, Human,
Financial)
• Hvilke ressurser trenge vi
for å oppfylle verdiløftet?
• What are the most important costs in our business model?
• Hva er de viktigste kostnadene i forretningsmodellen?
• What value do we deliver
to the customer?
• Which one of our
customer’s problems are
we helping to solve?
• Which customer needs
are we satisfying?
• Hva slags verdi gir vi
kundesegmentene våre?
• Hvilket problem løser vi
for kundene?
• Hvilke kundebehov
tilfredsstiller vi?
• How do we maintain the
relationship with our
customer segments over
time? (i.e. Personal
assistance, Self-service,
Automated services)
• Hvilken type relasjon har
vi til våre
kundesegment?
• Through which channels
do we reach our
customers? (Channel
phases: Awareness,
Evaluation, Purchase,
Delivery, After sales)
• Gjennom hvilke kanaler
når vi våre kunder?
• For what are the customers currently paying?
• How are they currently paying?
• Hva tar vi oss betalt for i dag?
• Hvordan tar vi oss betalt?
• For whom are we
creating value?
• Who are our most
important customers?
• Hvem skaper vi verdi for?
• Hvem er våre viktigste
kunder?
Skattefunn
• Administered by Forskningsrådet
• Legal right based scheme designed to promote R&D
activity in Norwegian companies
• Objective: Make it easier for companies to launch R&D
activities and less costly to carry them out
• Tax deduction of up to 20 per cent of the eligible costs
related to R&D activity
• All costs must be associated with the approved project
Additional public funding
• EU funding
• Kulturrådet
• Local grants
• Etc.
https://www.youtube.com/watch?v=-z4NS2zdrZc
Thank you!
Pål T. Næss
[email protected]
+47 473 00 001
www.innovasjonnorge.no