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Smart Innovation Norway
Smart Innovation Norway is a non-profit research and innovation company that supports businesses and the public sector with networks, capital, and expertise...
Overview
Smart Innovation Norway is a non-profit research and innovation company that supports businesses and the public sector with networks, capital, and expertise in energy transition and applied artificial intelligence. It operates at the intersection of industry, the public sector, and research, connecting these worlds to create value and new business opportunities. Its areas of expertise include energy transition, applied artificial intelligence, civil preparedness, and social innovation.
General information
Firm type
Private Equity
Year founded
2003
Location
Region
Europe
Country
Norway
City
Halden
Corporate office
Halden, Norway
Sector focus
Frequently asked questions
Does Smart Innovation Norway operate as a traditional venture capital fund?
No. Smart Innovation Norway functions as a research-driven commercialization entity. It bridges research, innovation, and market adoption through publicly funded projects, cluster initiatives, and technology test arenas rather than through a traditional limited-partner fund structure. The firm deploys capital in the form of project grants and innovation programs rather than equity investments in startups.
What is Smart Innovation Norway's connection to the Norsk katapult program?
Smart Innovation Norway operates a test arena under Norway's national Norsk katapult initiative. Through this infrastructure, the firm provides Norwegian industry with access to data-space technology and testing facilities. The work focuses on connecting industrial data silos to unlock value across sectors.
Which partners does Smart Innovation Norway work with?
Confirmed partners include Simula, a Norwegian research laboratory focused on AI, communication systems, and scientific computing. Smart Innovation Norway also collaborates with Nordic counterparts on a joint initiative to map and strengthen innovation ecosystems across the region. Specific corporate or financial co-investors are not disclosed.
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