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.

Team Members

University
Government
Corporate
Risk Capital
Entrepreneur

Innovation Ecosystem Stakeholder Model

Torger Reve
Champion
Professor, Norwegian Business School BI
Peter Klemsdal
Champion
CEO, The Sørlandet Knowledge Foundation
Tom Fedog
CEO/Founder, Stimline
Hans Petter Hildre
Professor, Aalesund University/NTNU
Kristin Husebø
CEO, Greater Stavanger Economic Development
Kjell O. Johannessen
Project Manager, CIFO Management
Tore Medhus
VP Corporate Market, SpareBank1-SR Bank
Marius Nordkvelde
Data Rockstar, Norwegian Business School BI
Tove Ormevik
Platform Manager, BP Norge AS
Mona Skaret
Director of Growth Companies and Clusters, Innovation Norway

Team Strategy

  • Challenge & Opportunity:
  • Strategy & Action:
      • Region of focus: South Western region of Norway (4 key cities: Ålsund, Bergen, Stavanger, and Kristiansand)
      • Comparative advantage:
        • Highly educated population (especially engineers).
      • Core Challenges:
        • 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.
      • Stakeholder Insight:
        • 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.
  • REAP Strategy:
    • 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
  • Metric:
    • 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

https://www.ntnu.edu/ihb/about-mit-reap

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Core Regional Metrics

Economic & Social Progress

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.

Innovation Capacity

Ability to develop new to the world innovations from inception through to the market.

EXPAND ALL

Performance

People

-Pool of innovators
-Education in tech and commercialization

Funding

-Funding for research
-Government programs

Demand

-Nature of established companies in region

Policy

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!

Entrepreneurial Capacity

Ability to start and build new to the world businesses from inception to maturity.

EXPAND ALL

People

-Pool of entrepreneurs
-Quality of entrepreneurial education

Funding

-Accessibility of entrepreneurial capital (government, private, equity, debt, grants)

Policy

-New business creation policy
-Business law and business policy

Demand

-Government, corporate and consumer demand for new products and services

Performance

Coming soon!

Culture & Community

Coming soon!

Infrastructure

Coming soon!

Team News

March 9, 2017

REAP team SW Norway’s plan to engage their entrepreneurial ecosystem

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August 28, 2017
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Two out of three new jobs in Norway are created in new and young companies from 2003 to 2014, shows a study from BI Norwegian Business School.

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