SlideShare a Scribd company logo

Anne Worsoe - Innovation Norway - Stanford - Feb 7 2011

1 of 5
Download to read offline
OVERVIEW: NORWAY
                      Anne H. Worsoe
                      Director, Innovation Norway, San Francisco



Stanford School of Engineering
European Entrepreneurship & Innovation Program
February 7th, 2011
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
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
Some Norwegian finalists @Red Herring




                                        4
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

Recommended

Start Localy, Think Globaly - Starting a Business in Bulgaria
Start Localy, Think Globaly - Starting a Business in BulgariaStart Localy, Think Globaly - Starting a Business in Bulgaria
Start Localy, Think Globaly - Starting a Business in BulgariaChris Georgiev
 
Maryland-Netherlands Cybersecurity Soft Landing Program (Panel discussion Oct...
Maryland-Netherlands Cybersecurity Soft Landing Program (Panel discussion Oct...Maryland-Netherlands Cybersecurity Soft Landing Program (Panel discussion Oct...
Maryland-Netherlands Cybersecurity Soft Landing Program (Panel discussion Oct...Baltimore-Rotterdam Sister City Committee
 
The Estonian Experience @ Barcamp Caucasus
The Estonian Experience @ Barcamp CaucasusThe Estonian Experience @ Barcamp Caucasus
The Estonian Experience @ Barcamp CaucasusJüri Kaljundi
 
Growing IT Business in Moldova, TIPS & Hacks
Growing IT Business in Moldova, TIPS & HacksGrowing IT Business in Moldova, TIPS & Hacks
Growing IT Business in Moldova, TIPS & HacksMoldova ICT Summit
 
Dan Henry - Biography
Dan Henry - Biography Dan Henry - Biography
Dan Henry - Biography Vivastream
 
Introducing techUK
Introducing techUKIntroducing techUK
Introducing techUKtechUK
 
Developing Your Business In Asia: Country Briefings
Developing Your Business In Asia: Country BriefingsDeveloping Your Business In Asia: Country Briefings
Developing Your Business In Asia: Country BriefingsCedric Brusselmans
 
Week12 assignment
Week12 assignmentWeek12 assignment
Week12 assignments1190086
 

More Related Content

What's hot

Tc slide deck korea - july13
Tc slide deck   korea - july13Tc slide deck   korea - july13
Tc slide deck korea - july13VentureSquare
 
Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...
Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...
Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...iSOCO
 
Open innovation Wayra 2020
Open innovation Wayra 2020Open innovation Wayra 2020
Open innovation Wayra 2020Miguel Arias
 
aap3 fintech recruitment capability
aap3 fintech recruitment capabilityaap3 fintech recruitment capability
aap3 fintech recruitment capabilityaap3 IT Recruitment
 
Prolific north keynote speech - How the north became the digital media powerh...
Prolific north keynote speech - How the north became the digital media powerh...Prolific north keynote speech - How the north became the digital media powerh...
Prolific north keynote speech - How the north became the digital media powerh...Jack Peat
 
Mini Seedcamp Dublin - flat
Mini Seedcamp Dublin - flatMini Seedcamp Dublin - flat
Mini Seedcamp Dublin - flatMario Gintili
 
Entrepreneurship 3.0 - The 3rd Wave of Industrial Revolution
Entrepreneurship 3.0 - The 3rd Wave of Industrial RevolutionEntrepreneurship 3.0 - The 3rd Wave of Industrial Revolution
Entrepreneurship 3.0 - The 3rd Wave of Industrial RevolutionBenjamin Rohé
 

What's hot (13)

Stephane ugeux
Stephane ugeuxStephane ugeux
Stephane ugeux
 
Tc slide deck korea - july13
Tc slide deck   korea - july13Tc slide deck   korea - july13
Tc slide deck korea - july13
 
Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...
Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...
Jornada Innovación Madrid. Ponencia 'Innovation easy to say hard to do' Sr. R...
 
Stephane Ugeux
Stephane UgeuxStephane Ugeux
Stephane Ugeux
 
Open innovation Wayra 2020
Open innovation Wayra 2020Open innovation Wayra 2020
Open innovation Wayra 2020
 
aap3 fintech recruitment capability
aap3 fintech recruitment capabilityaap3 fintech recruitment capability
aap3 fintech recruitment capability
 
The Nature of Swedish-Russian Capital Flows
The Nature of Swedish-Russian Capital FlowsThe Nature of Swedish-Russian Capital Flows
The Nature of Swedish-Russian Capital Flows
 
Prolific north keynote speech - How the north became the digital media powerh...
Prolific north keynote speech - How the north became the digital media powerh...Prolific north keynote speech - How the north became the digital media powerh...
Prolific north keynote speech - How the north became the digital media powerh...
 
Mini Seedcamp Dublin - flat
Mini Seedcamp Dublin - flatMini Seedcamp Dublin - flat
Mini Seedcamp Dublin - flat
 
Intro to Tech City
Intro to Tech CityIntro to Tech City
Intro to Tech City
 
IB Projek
IB ProjekIB Projek
IB Projek
 
Entrepreneurship 3.0 - The 3rd Wave of Industrial Revolution
Entrepreneurship 3.0 - The 3rd Wave of Industrial RevolutionEntrepreneurship 3.0 - The 3rd Wave of Industrial Revolution
Entrepreneurship 3.0 - The 3rd Wave of Industrial Revolution
 
Europe's Core Strengths
Europe's Core StrengthsEurope's Core Strengths
Europe's Core Strengths
 

Similar to Anne Worsoe - Innovation Norway - Stanford - Feb 7 2011

INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09
INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09
INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09baipgroup
 
eAsia 2009 presentation
eAsia 2009 presentationeAsia 2009 presentation
eAsia 2009 presentationportaopen
 
IUC DWebster 2014-10-3 Final-a
IUC DWebster 2014-10-3 Final-aIUC DWebster 2014-10-3 Final-a
IUC DWebster 2014-10-3 Final-aDerek Webster
 
Inclusive innovation Ecosystems in the digital economy
Inclusive innovation Ecosystems in the digital economyInclusive innovation Ecosystems in the digital economy
Inclusive innovation Ecosystems in the digital economyenterpriseresearchcentre
 
Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.
Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.
Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.Team Côte d'Azur
 
Release-Web-Workstream-Report-3-Innovation-redv2-2
Release-Web-Workstream-Report-3-Innovation-redv2-2Release-Web-Workstream-Report-3-Innovation-redv2-2
Release-Web-Workstream-Report-3-Innovation-redv2-2Marco Pisano
 
Frt 110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatie
Frt   110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatieFrt   110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatie
Frt 110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatieFlevum
 
Soa Conference 160909 V0.3
Soa Conference 160909 V0.3Soa Conference 160909 V0.3
Soa Conference 160909 V0.3armorilla
 
Smart Dublin Update November 2017 (long version)
Smart Dublin Update November 2017 (long version)Smart Dublin Update November 2017 (long version)
Smart Dublin Update November 2017 (long version)Jamie Cudden
 
I Minds2009 Michela Pollone Csp–Innovazione Nelle Ict Innovative Paths To I...
I Minds2009 Michela Pollone   Csp–Innovazione Nelle Ict Innovative Paths To I...I Minds2009 Michela Pollone   Csp–Innovazione Nelle Ict Innovative Paths To I...
I Minds2009 Michela Pollone Csp–Innovazione Nelle Ict Innovative Paths To I...imec.archive
 
Investor Guide to the New Zealand Technology Sector
Investor Guide to the New Zealand Technology SectorInvestor Guide to the New Zealand Technology Sector
Investor Guide to the New Zealand Technology SectorRory MacGillycuddy
 
Pilat eu spri new avenues innovation policy 9 june 2016
Pilat eu spri new avenues innovation policy 9 june 2016Pilat eu spri new avenues innovation policy 9 june 2016
Pilat eu spri new avenues innovation policy 9 june 2016Dirk Pilat
 
Canada's Networked Economy: The Way Ahead
Canada's Networked Economy: The Way AheadCanada's Networked Economy: The Way Ahead
Canada's Networked Economy: The Way AheadSandy Kemsley
 
Innovation Diffusion: The solution to the Productivity puzzle
Innovation Diffusion: The solution to the Productivity puzzleInnovation Diffusion: The solution to the Productivity puzzle
Innovation Diffusion: The solution to the Productivity puzzleenterpriseresearchcentre
 
Opportunities for Macedonian SME's in FP7
Opportunities for Macedonian SME's in FP7Opportunities for Macedonian SME's in FP7
Opportunities for Macedonian SME's in FP7MASIT MACEDONIA
 
Startup Cities: Montréal - SXSW 2019
Startup Cities: Montréal - SXSW 2019Startup Cities: Montréal - SXSW 2019
Startup Cities: Montréal - SXSW 2019Chinwag
 

Similar to Anne Worsoe - Innovation Norway - Stanford - Feb 7 2011 (20)

INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09
INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09
INVL Technology - NASDAQ OMX Vilnius listed ICT investment company - 2015 06 09
 
Walking The Talk On Openness
Walking The Talk On OpennessWalking The Talk On Openness
Walking The Talk On Openness
 
eAsia 2009 presentation
eAsia 2009 presentationeAsia 2009 presentation
eAsia 2009 presentation
 
Innovation and r&d
Innovation and r&dInnovation and r&d
Innovation and r&d
 
IUC DWebster 2014-10-3 Final-a
IUC DWebster 2014-10-3 Final-aIUC DWebster 2014-10-3 Final-a
IUC DWebster 2014-10-3 Final-a
 
Inclusive innovation Ecosystems in the digital economy
Inclusive innovation Ecosystems in the digital economyInclusive innovation Ecosystems in the digital economy
Inclusive innovation Ecosystems in the digital economy
 
Join the Digital Elite
Join the Digital EliteJoin the Digital Elite
Join the Digital Elite
 
Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.
Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.
Join the Digital Elite in Nice, Sophia Antipolis, Cannes and Grasse.
 
Release-Web-Workstream-Report-3-Innovation-redv2-2
Release-Web-Workstream-Report-3-Innovation-redv2-2Release-Web-Workstream-Report-3-Innovation-redv2-2
Release-Web-Workstream-Report-3-Innovation-redv2-2
 
Gilson
GilsonGilson
Gilson
 
Frt 110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatie
Frt   110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatieFrt   110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatie
Frt 110523.3 - Vision Meeting - Intrapeneurship - Alcatel-Lucent - presentatie
 
Soa Conference 160909 V0.3
Soa Conference 160909 V0.3Soa Conference 160909 V0.3
Soa Conference 160909 V0.3
 
Smart Dublin Update November 2017 (long version)
Smart Dublin Update November 2017 (long version)Smart Dublin Update November 2017 (long version)
Smart Dublin Update November 2017 (long version)
 
I Minds2009 Michela Pollone Csp–Innovazione Nelle Ict Innovative Paths To I...
I Minds2009 Michela Pollone   Csp–Innovazione Nelle Ict Innovative Paths To I...I Minds2009 Michela Pollone   Csp–Innovazione Nelle Ict Innovative Paths To I...
I Minds2009 Michela Pollone Csp–Innovazione Nelle Ict Innovative Paths To I...
 
Investor Guide to the New Zealand Technology Sector
Investor Guide to the New Zealand Technology SectorInvestor Guide to the New Zealand Technology Sector
Investor Guide to the New Zealand Technology Sector
 
Pilat eu spri new avenues innovation policy 9 june 2016
Pilat eu spri new avenues innovation policy 9 june 2016Pilat eu spri new avenues innovation policy 9 june 2016
Pilat eu spri new avenues innovation policy 9 june 2016
 
Canada's Networked Economy: The Way Ahead
Canada's Networked Economy: The Way AheadCanada's Networked Economy: The Way Ahead
Canada's Networked Economy: The Way Ahead
 
Innovation Diffusion: The solution to the Productivity puzzle
Innovation Diffusion: The solution to the Productivity puzzleInnovation Diffusion: The solution to the Productivity puzzle
Innovation Diffusion: The solution to the Productivity puzzle
 
Opportunities for Macedonian SME's in FP7
Opportunities for Macedonian SME's in FP7Opportunities for Macedonian SME's in FP7
Opportunities for Macedonian SME's in FP7
 
Startup Cities: Montréal - SXSW 2019
Startup Cities: Montréal - SXSW 2019Startup Cities: Montréal - SXSW 2019
Startup Cities: Montréal - SXSW 2019
 

More from Burton Lee

Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012Burton Lee
 
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012Burton Lee
 
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012Burton Lee
 
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012Burton Lee
 
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012Burton Lee
 
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012Burton Lee
 
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012Burton Lee
 
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012Burton Lee
 
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012Burton Lee
 
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012Burton Lee
 
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2Burton Lee
 
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Burton Lee
 
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2Burton Lee
 
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012Burton Lee
 
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2Burton Lee
 
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012Burton Lee
 
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012Burton Lee
 
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012Burton Lee
 
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012Burton Lee
 
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012Burton Lee
 

More from Burton Lee (20)

Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
 
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
 
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
 
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
 
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
 
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
 
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
 
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
 
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
 
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
 
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
 
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
 
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
 
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
 
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
 
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
 
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
 
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
 
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
 
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
 

Anne Worsoe - Innovation Norway - Stanford - Feb 7 2011

  • 1. OVERVIEW: NORWAY Anne H. Worsoe Director, Innovation Norway, San Francisco Stanford School of Engineering European Entrepreneurship & Innovation Program February 7th, 2011
  • 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. 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. Some Norwegian finalists @Red Herring 4
  • 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