Innovation Norway
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Transcript of Innovation Norway
Business environment and opportunities in Norway
Chamber of Commerce and Industry of Slovenia, 13 May, 2008
Mr Bjørn O. Bjørnsen, Director, Central Europe and the Baltic`sInnovation NorwayCommercial Counsellor, Royal Norwegian Embassy, Prague
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Innovation Norway
Started its activities on 1 January 2004 by a merge of some important specialized institutions
Subordinated to the Ministry of Trade and Industry Activity: Business development through loans and
financial support , focus on innovation, internationalization and tourism, programs and indiviual support, main focus on development in the districts of Norway and the SMEs
750 employees in offices distributed throughout all of Norway’s counties and in 30 countries. The Head Office is located in Oslo.
Around NOK 4 billion- Euro 500 mill - for the reinforcement of Norwegian industry
Innovation Norway contributes to the establishment and protection of 7,000-8,000 jobs each year
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An organisation close to its markets
BrazilBulgariaCanada China
Czech Rep.Denmark
Estonia Finland France
GermanyHungary
India Italy JapanKoreaLatvia
Lithuania
Malaysia Poland Portugal RomaniaRussia SingaporeSouth Africa Spain Sweden Thailand The Netherlands TurkeyUnited Kingdom USAVietnam
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Facts About Norway
Official name Kingdom of Norway
System of government Constitutional monarchy Parliamentary democracy
The Royal House of Norway Harald V, King of Norway, born 21 February 1937 Sonja, Queen of Norway, born 4 July 1937 Haakon, Crown Prince of Norway, born 20 July 1973 Mette-Marit, Crown Princess of Norway, born 19 August 1973 Ingrid Alexandra, Princess of Norway, born 21 January 2004 Sverre Magnus, Prince of Norway, born 3 December 2005
Population 4 681 134 inhabitants as of 1 January 2007 Norway has an indigenous Sami population as well as five national minorities, defined as groups with long association with Norway.
Official languages Norwegian (the two forms Bokmål and Nynorsk) Sami (equal status with Norwegian in parts of Troms and Finnmark counties)
Religion Protestant Christianity
Currency Norwegian kroner, NOK 1 EUR = NOK 8.24 as of November 2006 1 USD = NOK 6.40 as of November 2006
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Some more facts about Norway of todayExport 2006 Euro 107 bln
of which export of oil and gas Euro 53 bln
Import 2006 Euro 67 bln
Unemployment 1,6 % (April 2008)Consumer price index (inflation) 2,5 % (April 2008)
GPD per capita (NOK 461.665) Euro 57.708
GDP growth 2007 about 6 %- Will slow down in 2008
Norway is presently experiencing a very high economic activity. Labour market capacity limits are being challenged in both the private and public sector. As a result a need for buying capacity outside Norway as well as import of workers from abroad.
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Slovenia – Norway trade balance
Trade turnover in Mill EURO ( rate 1 EURO=8 NOK)
Exports from Norway 2007 2008
(Jan-March )
11,6 2,0
Imports to Norway 2007 2008
(Jan– March)
67,4 16,3
Source: Statistisk Sentralbyrå
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Norwegian – Slovenian Business Activities
Norwegian companies engaged in business in Slovenia
• Norsk Hydro – aluminium supplies from Talum• Statoil – oil trading/sales• Stokke – furniture production• Windy Boats – sales of pleasure crafts• Jotun - paints• Simrad – ship electronics• Swix – ski wax• Jordan - toothbrushes• Brynje - underwear• Helly Hansen – sports wear
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Norwegian – Slovenian Business Activities
Slovenian companies engaged in business in Norway
• Alpina - skiboots• Elan – skis, ski equipment, sailboats• Gorenje – kitchen/household appliances• Adria – camping wagons
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Business in Norway
Norway is a highly developed democratic society with a strong and stable economy that offers attractive opportunities for international business enterprises.
Foreign capital, knowledge and technology have traditionally played an important role in the development of Norwegian trade and industry, and international cooperation has become even more important to Norway's growth in an increasingly global economy.
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Business in Norway (2)
Though Norway has chosen not to become a member of the European Union (EU), Norwegian and foreign owned companies located in Norway have full access to the EU market – including the new member states – through the European Economic Area (EEA) agreement.
There is a stable and transparent political climate with a well-functioning public sector that makes it relatively simple and straightforward to run a business enterprise.Formal requirements to be met when establishing a business in Norway are few, and costs are low.
Norway has a flat 28% corporate and capital gains tax rate and a social security system that provides national health and unemployment insurance.
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Norwegian Strategic Business Areas
• In – coming Tourism• Oil and Gas• Health and bio technology• Renewable Energy and Environment• ICT• Marine products• Maritime• Creative industries
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In coming TourismFocus :
• Sweden• Germany• Denmark• UK• Netherlands• USA• France• Italy• Spain• Japan
New markets:• Russia• China• Poland
Innovation Norway has offices with professional staff in all these markets running tourist projects
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Oil & Gas
Exploration of oil & gas at the Norwegian continental shelf started in 1971.
Presently oil/gas exploration takes place at 51 different fields
About 40 % of the registered resources are not yet explored.
Oil & gas products is the larges single export ”product” from Norway and represents 47 % of the total export – about NOK 510 bln or Euro 64 bln.
About 80.000 persons are employed in the oil & gas sector
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Oil & Gas (2)
Norway is today the world`s 3rd largest exporter of natural gas , in 2006 total production was about 87 bln scm (standard cubic meter).
Total oil production is now about 2,5 mill barrels/day (incl NGL and condensate). By this Norway is the 8th largest producer of oil in the world and the 3rd largest exporter of oil.
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Oil & Gas Technology supply industry
The Norwegian oil & gas industry cluster is expanding its international business activities and is now involved in the most challenging global projects –mostly offshore – mainly in North Sea, China, Russia, Middle East, Mexico gulf .
Estimated total turnover in 2005 was NOK 50 bln (Euro 6,2 bln) and the aim for 2010 is NOK 80 bln , about Euro 10 bln.
The largest part of the foreign activities and turnover is handled by the 20 largest companies.
The oil & gas supply industry comprises of about 3.000 companies.
Most of the companies that work on the international markets are member of the INTSOK network:
www.intsok.no
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Health , medical - and bio technology
Norway has one of the worlds largest per capita investment in new hospitals.
In parallel to such projects Norwegian companies are developing new products and solutions , incl focus on ICT solutions to secure safe and good communication between the different levels in the health sector.
This incl tele medicin and standardization of electronic solutions. As well as new operating methods.
Norway has around 110 companies within bio technology and about 200 companies within medical technology, mainly SMEs.
The companies are active within ICT health, electronics, sensor technlogy, equipment for laboratories, rehabilitation, medical bio technology etc. Other areas include gene technology, cell biology, micro/nano technology and bio informatics
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Focus areas within Renewable energy and environment
• Renewable energy - wind and hydropower, wave and tidal, bioenergy, solar energy , other incl geothermal
• Hydrogen and fuel cells
• CO2- catching and clean gas power station
• Energy efficiency
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Marine food and Aquaculture
• Norway is the 2nd largest exporter of marine food after China.
Total export was USD 4,2 bln in 2006.
• Farmed seafood about 52 % of total export.
• Norway is producing 46 % of the total world production of atlantic salmon , that is about 600.000 ton in 2006
• Pelagic fish – herring and macrell – is primarily exported to Russia, Ukraine, Japan and Poland
• Norwegian consumption of seafood is about 100.000 ton/year or more than 25 kg/capita
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Maritime Sector
• Ever since the days of sails, shipping has been one of Norway`s most important industries.Foreign trade statistics show that gross freight income from shipping reached almost Euro 10 bln.
• Freight income accounted for about 12 % of total Norwegian export of goods and services (incl oil and gas).
• 1st January 2005 the Norwegian foreign going fleet comprised of 1.614 ships – mostly very specialized carriers of oil, gas and other specilized cargo.
• The Norwegian-controlled offshore fleet is the second largest in the world after USA
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Maritime Sector – shipbuilding and ship equipment
Total turnover: NOK 31 mrd, 18.000 employees
• 12 Shipyards.Turnover NOK 9,5 mrd, 4.000 employees
• Suppliers of ship equipment – 139 companies. Turnover NOK 12,3 mrd, 6.500 employees
• Ship consultants- 14 companies, turnover NOK 450 mill
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Norwegian ”clusters”Sector Region R & D institutions Companies
Aquaculture technology
Bergen, Hordaland Aas, Austvoll, Feeding Syst., Proocean, NorMær, Rabben
Aquaculture technology
Trondheim Aqua…., Frøytang, Superior
Biotechnology, marin Tromsø
Bergen
Fishery research Institute
University of Tromsø
Biotechnology, farmasy
Oslo University of Oslo
University hospitals
Amersham, Dynal, Axis, Photocure, Genovision
Biotechnology, agriculture
Hamar region NLH – Norwegian University of Life Sciences
Geno As, Norsvin
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Norwegian ”clusters” (2)Sector Region R & D institutions Companies
Building technology Oslo, Rogaland NTNU- Norwegian University of Science and Technology
Oslo School of Architecture
20 architechts and engineering consultants, incl Snøhetta
Value added fish products (white fish and pelagic)
Båtsfjord, Finnmark, Vestrålen, Måløy-M&R, Egersund-Karmøy
Melbu Domstein, Lerøy
Airport technology Oslo region Jotron, Ocas, Park Air
Renewable energy, fuel cells
Oslo, Grenland, Nordland
NTNU -Norwegian University of Science and Technology, Kjeller
Scanwafer, Norcell
Renewable energy, wind
Trøndelag, regions along side western coast
NTNU Norwegian University of Science and Technology , Kjeller
Scanwind, UMOE Mandal, Vestas Kr.sand
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Norwegian ”clusters” (3)
Sector Region R & D institutions Companies
ICT OsloArendalHaldenSteinkjer
University of Oslo and a number of regional colleges
Mechanical engineering and automatisation
Jæren JÆRTEK 13 companies, 2600 employees. ABB Autom.
Mikro- electronics Trondheim, Leksvik NTNU - Norwegian University of Science and Technology, - SINTEF
Lyng, Navia, Oceanor, Corrocean
Environmental Technology
Counties in southern Norway + Trøndelag region
Clusters of companies in Green Business Norway and OREEC (Oslo Region Renewable Energy and Environment Cluster
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Norwegian ”clusters” (4)
Sector Region R & D institutions Companies
Mobile commiunication solutions
Oslo Opera, Birdstep, Telenor
Furniture Møre & Romsdal Ekornes, Fora Form, Furnes, Helland, Hellegjerde, Pedro, Stokke
Oil and Gas technology
”Engineering valley”, Asker, Bærum, Oslo
Rogaland
Aker-Kværner, ABB
Plastic and composits Østfold
Shipbuilding Sunnmøre SINTEF, Trondheim 14 shipyards + 80 subcontractors, 4200 employees
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Norwegian ”clusters” (5)Sector Region R & D institutions Companies
Pleasure crafts/yachts
Agder Fjord, Marex, NorSea, Nordkapp, Skipsplast, Draco, etc.
Space & satellitt Oslo region
Nordland/Troms
Norsk Romsenter
Kjeller
University in Tromsø
Narvik Regional College
Nera
KongsbergKongsberg Spactec, Andøya
Technical medical equipment
Mjøs region Sintef Unimed 10 companies around Mjøsa lake
Paper & Pulp Østfold, Buskerud and Nord-Trøndelag
Norske Skog (Hønefoss,Halden, Tofte
Borregaard (Sarpsb.)
LM Petterson (Moss)
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Norwegian ”clusters” (6)
Sector Region R & D institutions Companies
Wood industry Hedmark and part of Oppland
Fagernes, Norwegian University of Life Sciences, Ås
Moelven, Forestia, Eidsskog-Stange skogene
Trondheim R & D Area
NTNU- Norwegian University of Science and Technology, SINTEF
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Where to obtain market info ?
Oslo Chamber of Commerce can produce a MINI MARKET REPORT showing the potential for your products on the Norwegian market.
The report will include:
- general market trends in Norway for your type of products- distribution channels- competitors and other operators in the market- some trade leads and relevant contacts, such as branch organizations etc.
Total price for the report is EUR 700.-.
http://www.chamber.no/
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Where to obtain market info ? (2)
The official Norwegian Trade Portal:
www.nortrade.com
Here you can also by a click find the official Norwegian Trade Directory as well as a lot of relevant and detailed info about companies as well as how to do business with Norway
The website of the Norwegian Embassy in Ljubljana:
http://www.norway.si/
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Starting business in Norway
Info available on the following items on : http://www.bedin.no/CWObjekter/Guide_starting-engelsk-
TOC.shtml
Register your businessType of business entityValue added taxAccountingEmploymentTaxationImport and export of goodsBusiness planWho can tell
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Visit our website at: innovationnorway.no