MIT REAP Team Southwest Norway’s regional focus is on 4 key cities, namely Ålsund, Bergen, Stavanger, and Kristiansand. The team is represented by strong and diverse stakeholders including university, risk capital, corporate, and government. Some of the organizations represented on the team include Norwegian Business School, The Sørlandet Knowledge Foundation, SR Bank, and Innovation Norway.
Innovation Ecosystem Stakeholder Model
Champion Professor, Norwegian Business School BI
Champion CEO, The Sørlandet Knowledge Foundation
Hans Petter Hildre
Professor, Aalesund University/NTNU
CEO, Greater Stavanger Economic Development
Kjell O. Johannessen
Project Manager, CIFO Management
VP Corporate Market, SpareBank1-SR Bank
Data Rockstar, Norwegian Business School BI
Platform Manager, BP Norge AS
Director of Growth Companies and Clusters, Innovation Norway
Challenge & Opportunity:
Strategy & Action:
Region of focus: South Western region of Norway (4 key cities: Ålsund, Bergen, Stavanger, and Kristiansand)
Highly educated population (especially engineers).
Dependence on oil (the drop in oil prices has led to an urgency to focus on new sectors of the economy).
Lack of motivation to become an entrepreneur due to strong corporate growth and public sector jobs – higher iCap than eCap.
Lack of an entrepreneurial voice on the team.
Strong stakeholders but lacking a strong entrepreneurial voice.
Government stakeholder needs to provide basic R&D funding to help accelerate clean energy development.
Put together regional sub-committees that hosted workshops to assess I & E Capacities in each of the 4 regions. This data will supplement national data the team has collected
Will be updated once the team graduates from the program.
Move away from oil dependency by “growing high value ocean industries to energize and feed the world in a sustainable way”
Provide opportunities for entrepreneurs to explore clean energy, supply chain management practices, medical and life sciences (as it relates to the fishing industry).
Potential Strategic Intervention(s):
Put together a consortium of organizations who agree to support and connect entrepreneurial resources across SW Norway
Number of region-wide common projects started
Scale up/skills program for established IDEs
Regional lab accelerator network
Common ideas database
Entrepreneur Summer School similar to GFSA or Can Do Scale
Social progress and economic prosperity as a collective measure of development in a region.
Innovation-Driven Entrepreneurial Ecosystem
Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.
Ability to develop new to the world innovations from inception through to the market.
-Pool of innovators
-Education in tech and commercialization
-Funding for research
-Nature of established companies in region
Culture & Community
Ability to start and build new to the world businesses from inception to maturity.
-Pool of entrepreneurs
-Quality of entrepreneurial education
-Accessibility of entrepreneurial capital (government, private, equity, debt, grants)
-New business creation policy
-Business law and business policy
-Government, corporate and consumer demand for new products and services
Culture & Community
March 9, 2017
REAP team SW Norway’s plan to engage their entrepreneurial ecosystem