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How we see Canada
Canadian Norwegian Business Association
January 21, 2016
www.innovationnorway.no
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Neil Young
Bryan Adams
Justin Bieber
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Best Canadian Brands 2014
Innovation Norway
Mission and tools
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Purpose
Innovation Norway is the government’s
most important instrument for innovation
and profitable business development
throughout Norway
Main Goal
Innovation Norway’s programs and
services are intended to create successful
entrepreneurs, more enterprises with
capacity for growth and more innovative
business clusters
Why are so many different tasks collected in one
organisation?
Common goal: Value creation
The Instruments: Intended for trade and industry
Common demands for competence: Business development
Photo: Anna_Jedynak/Thinkstock
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Financing
Marketing
Expertise
Networks
Advisory
services
www.innovationnorway.no
Allocations and Triggered Investments in
2014
NOK 6.1
BILLION
ALLOCATIONS
From Innovation Norway
to business and industry.
8 000 projects annually
NOK 15.7
BILLION
TRIGGERED
INVESTMENTS
Innovation Norway's
support helped to trigger
nearly twice that amount
from business and
industry.
Source: Statistics Norway / Innovation Norway
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We are close to the Enterprises
wherever they are…
www.innovationnorway.no
… and we are close to the customer’s
Market
www.innovationnorway.no
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we started
“ When
there were only two who
believed in us: grandma
and Innovation Norway!
“
Photo: Moods of Norway
How do we Measure
our Effects?
•
•
•
•
Cooperation with Statistics Norway
7000 Enterprises
Control group
Period of three years
www.innovationnorway.no
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More successful Entrepreneurs and Start-ups
HIGHER GROWTH IN TURNOVER
Start-ups with support from
Innovation Norway had
21 pp higher turnover growth
than enterprises that did not
receive such support.
HIGHER SURVIVAL RATE
72 pp of the supported enterprises
remain active five years after their
inception in 2007.
Goal:
Mores successful entrepreneurs
Source: Statistics Norway / Innovation Norway
More Innovative Business Communities
CLUSTER PARTICIPANTS GROW FASTER
12.9 %
Higher growth in turnover
during the first three years of
participation in a cluster.
8.3 %
higher growth in the number of
employees.
35 cluster projects (Arena, NCE or GCE).
Source: Statistics Norway / Innovation Norway
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Profiling Norway through Success Movie
- Frozen has
definitely put
Norway on the
map and the
cooperation
with Disney has
given a fantastic
effect for
Norwegian
tourism.
- Per Arne Tuftin,
Leader of Visit
Norway, Innovation
www.innovationnorway.no
Norway
Foto: Disney
Canada and Norway
An Important and Long-Standing
Economic Relationship
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Norwegian Investment and Business Activity in Canada
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Why is Canada
becoming increasingly
interesting?
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The easiest place in the world to do business is Canada
[…]They make it easy to invest […]. They have a great education
program and a great immigration policy.
John Chambers
CEO CISCO
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The American Dream
Mobility lower in the US than Canada
and W-Europe.
«It matters more who your
parents are today than it did in
the past, prof. Raj Chetty, 30
Harvard (2014)
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Innovation Norway
Promoting Canada for
Norwegian SMEs
Prioritized sectors in Canada
Digital media, renewable energy, software,
wireless communications, medical devices +++
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1. Mining
Visit program for Trade Show
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Norwegian Visiting Program to PDAC 2016
Saturday
5/3
Sunday
6/3
Arrival in Toronto
AM:
Breakfast Seminar :
“Doing Business in
the Canadian
Mining Sector”
Suggested Hotel:
Intercontinental
Yorkville
220 Bloor St. W
+1 416-960-5200
PM:
PDAC
Metro Convention
Centre – B2B
meetings
18:30 – 21:30
Welcome Dinner
Monday
7/3
10:00- 17:45
Nordic Mining Day
* North Building
Room 206B
15:00 -17:00 (NEW)
Technology
Exhibition**
Room 205B
18:00- 20:00
Ambassadors’
Reception
Room 205B
Tuesday
8/3
08:30 - 11AM
(NEW)
Innovative Mining
in the Nordic
Arctic***
Workshop
Wednesday
9/3
PDAC Tradeshow
ends at noon
PM:
PDAC
Metro Convention
Centre – B2B
meetings
www.innovationnorway.no
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Nordic Mining Day & Ambassadors’ Reception, March 7th
• An all day event highlighting Fennoscandian geology
and investment opportunities, technology trends, and
legal issues in exploration and mining the Nordics. For
details see: www.ngu.no/nordicminingday
• Target audience: international mining companies,
investors, government, and media.
• Technology exhibition – an opportunity to showcase
technology through rollups and meeting space.
• Network with junior miners, world class mining
companies, investors, and Nordic suppliers at the
Ambassadors’ reception hosted by the Ambassadors
from Norway, Denmark, Finland, and Sweden.
www.innovationnorway.no
2. Gaming industry
Study tour for companies
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Program part 1 – Montreal
Ubisoft is a leading video game company, the
creators of original and immersive worlds like
Assassin’s Creed, Far Cry, The Crew or Watch Dogs.
Execution Labs is a first-of-its-kind
accelerator and investment platform for
independent game developers.
Our goal is to back the very best game
studios in the world through mentorship,
financing, and a collaborative community.
Whether it’s through our Accelerator
program or through direct investments in
experienced studios via the Finishing fund,
our priority is helping independent
developers be successful entrepreneurs.
We are based in Montreal with a business
outpost in San Francisco, and we make
investments around the globe. Sound
interesting? Cool. Look around the site and
learn more about what we’re up to.
EA Sports Electronic Arts Inc. is a leading global
interactive entertainment software company. EA
develops, publishes, and distributes interactive
software worldwide for Internet-connected consoles,
personal computers, mobile phones, tablets and
social networks.
Montréal International / Invest Québec
Tax incentives, governmental funding, visas
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Program part 2 – Toronto
Toronto Stock Exchange:
Contact:
Michael J. Kousaie
Head of Business Development, Technology
Toronto Stock Exchange and TSX Venture
Exchange
Canada represents approximately 18.5% of
the total global interactive gaming market
The bank Canaccord Genuity has been
leading the way in this space - they have
offered to meet with you and/or any Nordic
companies to discuss the market in further
detail.
Entertainment Software Association of Canada
ESAC strives to be an indispensable source of
information about the Canadian video game
industry. ESAC commissions and produces original
research about the economic contribution of the
video game industry to Canada’s economy as well as
reports on the demographics of Canadian gamers
The Digital Media and Gaming Incubator helps digital
companies grow and succeed. It supports the city’s
digital sectors by providing affordable space,
business and professional services along with a
network of resources. The incubator is located in the
School of Design’s at George Brown College.
Ontario Government – Economic Development –
Technology and Services Branch
Tax incentives, governmental funding, visas
Darius Basarab
3. MedTech
Soft Landing in Toronto
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European system
Source: Emergo - Global Medical Device Regulatory Consulting
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MaRS: Urban Innovation Hub
Linking creative & business assets of Toronto
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4. Oil and gas
The supply industry
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5. Defence industry
New fregats
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Norway - Canada
Same, same – but different
www.innovationnorway.no
Hofstede’s Cultural Dimensions
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We are here to assist you
Canada
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