Our incubation process for entrepreneurs and startups is based on SIVA’s process, and we mainly address three target groups:
  • Startups and entrepreneurs
  • Spinoffs from NCE Smart Energy Markets cluster members
  • Modification of existing business models with our cluster members
Introduction to Market

Det purpose of this fase is to help out with business development and market introduction of the product and/or service, as well as further establishing the business. The Market Introduction fase is equivalent to SIVA’s incubation fase. Time spent in this fase is normally up to three years, with an automatic prolonging agreement every six months.

  • The focus is help with business development:  Strategically. operatively, and administratively
  • Fixed price per month depending on agreement
  • Up to 75 % off market price with internal and external service providers
  • Coworking space through Smart Innovation Norway AS or CWI AS (own agreement)
  • Membership in NCE Smart Energy Markets’ network
  • Access to professional and social events
  • Profiling on Smart Innovation Norway’s website and other relevant mentions

Monthly fee for pre-incubation agreement is 2550 NOK for 6 hours and 4250 NOK for 10 hours of guidance. We also offer counselling beyond these agreements with strongly reduced market price, depending on type of help and need of competence from mentor.

Innovation Workshops

In Smart Innovation Norway, we always work to establish the best possible conditions for knowledge- and value-based business growth with our startups. Few ideas and spinoffs actually create value, growth and development, and it can become very expensive for entrepreneurs to make mistakes.

We need to develop and change in a pace which keeps cost and consequence low. Fail fast – succeed sooner.

That is why we offer one or more tailor-made workshops with the goal of creating profitable business development and international growth!

This will be highly relevant for startups that plan to start, or have started, development and innovation processes. It can be for developing new products, services or solutions – or questions about needs and challenges concerning the new, digital possibilities.

We have a large network and will make sure to connect the right actors for each workshop.

Price for the first workhop (half-day) is 2900 NOK (reduction in price for those who already have pre-incubation and/or incubation agreement with Smart Innovation Norway).

Growth

The last fase in the incubation process starts when the business moves into a fase with profitable growth, follow-up from its own board and professional ownership. This fase is equivalent to SIVA’s post-incubation fase, and is concluded by the sale of stocks or when the agreement is terminated.

After finishing an incubation run, the startup/business kan stay connected to our innovation community in three ways:

  • Become a member of the cluster network NCE Smart Energy Markets
  • Stay owned by Smart Innovation Norway until other owners take over
  • Be a giver and goodwill amabssador for Smart Incubator, which contributes to helping others by sharing knowledge – “Paying it forward”

Price is negiotated. We also offer counselling beyond these agreements with strongly reduced market price, depending on type of help and need of competence from mentor.

Business Modelling

The purpose of this fase is to help you to clarify the market potential for your business concept. This fase is equivalent to SIVA’s pre-incubation fase. Time spent in this fase is normally two periods of three months.

  • Our focus is help with business development: Strategically. operatively, and administratively
  • Up to 75 % off market price with internal and external service providers
  • Offer of coworking space at Smart Innovation Norway or CWI (own agreement)
  • Membership in NCE Smart Energy Markets’ network
  • Access to professional and social events hosted by Smart Innovation Norway
  • Profiling on Smart Innovation Norway’s website and other relevant mentions

Monthly fee for pre-incubation agreement is 1700 NOK for 4 hours and 2550 NOK for 6 hours of guidance. We also offer counselling beyond these agreements with strongly reduced market price, depending on type of help and need of competence from mentor.

PANGSTART
– one of Norway’s best programs for entrepreneurs who wish to succeed

PANGSTART is a six-week unique program with the goal of accelerating business development and international growth for both startups and mature businesses.

During the six-week period you will receive help and support while working on your business concept. This is done through individual guidance from chosen experts, close collaboration with the other participants and intensive work to develop your particular business idea. You will have access to one of the market’s most competent clusters within technology and new business models, and you will have a dedicated mentor who will follow you all the way. The course is rounded off with presenting your concept to a panel of potential investors.

Smart Incubator collaborates with some of the most innovative entrepreneur communities, both nationally and internationally. Nordic Innovation House in Silicon Valley is the leading community for entrepreneurs worldwide, and as a participant in PANGSTART, you will have a chance to become part of their Nordic Startup Community.

YOU GET:

  • Relevant and inspiring presentations from experts within business development.
  • A mentor with the right competence and a network within your business area from international growth companies.
  • We have established collaboration with one of the world’s top communities for entrepreneurs, Nordic Innovation House in Silicon Valley, where the best business ideas will be offered a two-week program.
  • Learn from successful entrepreneurs who will guide you through a progression-based program.
  • Access to office space with relevant resource persons.

WHO’S THE PROGRAM FOR?

PANGSTART is right for any entrepreneur or startup that needs help developing their business idea further, from sketch to ready-for-market solution, product or service.

The incubation run

New ideas, innovation and development rarely happen linearly, and the process description should not be seen as a fixed set of rules, but rather like framework for how to create structure to develop and create new ideas, products, services and processes. The process has several fases:

Our Incubation Process