Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Anne Worsoe - Innovation Norway - Stanford - Feb 7 2011

1,801 views

Published on

Published in: Travel, Business
  • Be the first to comment

  • Be the first to like this

Anne Worsoe - Innovation Norway - Stanford - Feb 7 2011

  1. 1. OVERVIEW: NORWAY Anne H. Worsoe Director, Innovation Norway, San FranciscoStanford School of EngineeringEuropean Entrepreneurship & Innovation ProgramFebruary 7th, 2011
  2. 2. Norway: Highlights- Population approx. 5 million-  One of the highest per-capita income in the world: $53,000-  One of the most heavily taxed countries in the world, but 28% corporate tax and zero cap gains-  Unemployment rate 3.5% - lowest in Europe-  Ranked 3rd in Gallup’s happiness survey-  Poverty almost nonexistent – generous welfare system Norway’s total petroleum production, bnNOK (2007)-  Oil & gas operations ¼ of GDP-  …but will not last forever-  What when the oil runs out? 2
  3. 3. Focus on R&D, innovation & entrepreneurship -  Norwegians are ”Technology Optimists” -  Rates of start-up creation among highest in the world per capita* -  12% increase in # of startups 2010 -  Low business startup costs #VC investment (Norway) 2010 Oil&gas -  Lots of cellphones 18% Other -  Plenty of secure Internet servers 29% ICT -  High quality/low cost R&D 20% Life sci/ Med Cleantech -  The perception that working 15% 18% hard gets you ahead*According to Global Entrepreneurship Monitor, 2010 3
  4. 4. Some Norwegian finalists @Red Herring 4
  5. 5. A Norwegian Silicon Valley success story-  Meltwater Group: Global SaaS-provider, B2B-  Established in 2001, 100mUSD in 2010-  820 FTEs in 26 countries, 18.000 customers-  #25 of the 200 fastest growing companies in Europe (Dun & Bradstreet)-  Always profitable, no VC funding, no debt-  ”In Silicon Valley… for each new customer and employee,we compete with the world’s most competetive companies. It’s inspiring and fun.” 5

×