- Our view
Strengths and weaknesses of the Norwegian startup scene
- Written by Nicolai Klemeyer Smith
“Turns out that Scandinavia is more than just Sweden” — quote from international VC investor.
Read the article here: Medium.com
As most people know, Sweden, and especially Stockholm, has been a breeding ground for successful technology startups in recent years, but guess what?! There are other interesting countries in Scandinavia when it comes to aspiring startups.
Through my work with Arkwright X I have witnessed a blooming Norwegian startup ecosystem with lots of potential, creating opportunities for investors and entrepreneurs. Norway has a solid foundation for building a highly successful and thriving startup scene, but some challenges need to be tackled to boost the startup ecosystem even further.
In this article I have shared my view of the highly interesting and promising Norwegian startup scene and hopefully I will engage you to become a part of the Norwegian startup ecosystem, if you aren’t already. I have described what I believe to be the major strengths of the Norwegian startup scene and pinpointed what I think are the largest improvement areas going forward.
Key strengths of the Norwegian startup scene
- Lots of early-phase capital
- Well-educated workforce
- Strong governmental support
- High digital penetration and digital readiness
- Rapidly evolving startup ecosystem
Improvement areas for the Norwegian startup scene
- Challenging to quickly build a world-class workforce
- Lack of ‘recycled startup talent’
- Inflated early-phase valuations
Read the full article on Medium.com