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Nordic Innovation House in Silicon Valley

  • Published 31/03/2014
Together we are stronger – the Nordic Innovation House seeks to bring Nordic added value to Silicon Valley.

 

The Silicon Valley ecosystem of universities, entrepreneurs, investors and ICT-related industry is unique, and is the most important gateway to US markets and global expansion for ICT startup companies. Finland, Denmark and Norway already have a strong presence in the valley, while Sweden and Iceland have little or no presence.
The Nordic Innovation House project wish to align the balance. Investors are already working on a Nordic level, and encourages the idea of Nordic, rather than national, efforts, as the probability of finding high quality companies increases. The Nordic Innovation House project is a pilot concept aiming to create a Nordic community for startups targeting global expansion.
The house will provide 32 desks for Nordic entrepreneurs and a network with trusted partners. In addition, it will host events. With Sweden and Iceland on board, the Nordic presence in Silicon Valley increases, and the project hopes to reduce the barriers to the Valley and the US market for Nordic high growth technology companies.
Project participants:
Norway: Innovation House, Silicon Valley, by Innovation Norway (Project Manager)
Sweden: Vinnova Silicon Valley
Iceland: Innovation Center Iceland
Denmark: Innovation Center Denmark
Finland: Team Finland/FinPro

Project partners:

 

 

Norway

Innovation Norway (Project Manager)

Sweden

Vinnova

Iceland:

Innovation Center Iceland

Denmark:

Innovation Center Denmark

Finland

Team Finland/FinPro

 

 

Project website: www.nordicinnovationhouse.com

 

 

Project description:


The Silicon Valley ecosystem of universities, entrepreneurs, investors and ICT-related industry is unique, and is the most important gateway to US markets and global expansion for ICT startup companies. Finland, Denmark and Norway already have a strong presence in the valley, while Sweden and Iceland have little or no presence.

 

The Nordic Innovation House project wish to align the balance. Investors are already working on a Nordic level, and encourages the idea of Nordic, rather than national, efforts, as the probability of finding high quality companies increases. The Nordic Innovation House project is a pilot concept aiming to create a Nordic community for startups targeting global expansion.

 

The house will provide both physical and virtual desks for Nordic entrepreneurs and a network with trusted partners. In addition, it will host events. With Sweden and Iceland on board, the Nordic presence in Silicon Valley increases, and the project hopes to reduce the barriers to the Valley and the US market for Nordic high growth technology companies.

 

 

Project status:

 

As of June 2015, the Nordic Innovation House is highly active, with 107 members, 24 permanent desks and 83 virtual offices spaces. The house has hosted several events, and has has approximately 450 visitors per month.

 

Several Nordic ministers have visited, as well as other foreign political delegations. The house also had a visit from the Swedish Crown Princess in 2015. Since opening, the house has generated approximately 30 articles in the Nordic and American press, in media like Fox News, Svenska Dagbladet and Dagens Næringsliv.