Innovation Norway – Financial Services

Innovation Norway (IN) is a financial investor who partners with organizations to contribute to increased value in Norway. IN often directs its funding to innovative start-ups, rising enterprises and companies with ambitions for international growth. IN’s financing services consist of loans, grants and guarantees, or a combination of these.

Innovation Norway is a financial investor who partners with organizations to contribute to increased value in Norway. IN often directs its funding to innovative start-ups, rising enterprises and companies with ambitions for international growth.

Guarantees

Guarantees may be granted to start-ups, entrepreneurs and growth businesses that do not have the operating finances to take large risks related to economic development in the future, or experience difficulty obtaining credit from the bank due to their lack of collateral. A guarantee from IN will contribute to better financing opportunities for businesses that are in need of financial contribution.

Customer segment: Start-ups/ Entrepreneurs

Grants

A grant is a financing service that may be used for a variety of purposes in order to help implement great projects that otherwise would not have been realized. The grant function as a financial aid to profit projects who show a triggering effect within the marked.

Grants are primarily given to small and medium-sized businesses and the funding is substantially greater in the districts than in the central areas.

Customer segment: Entrepreneurs + Enterprise/Company development + Out in the world

Innovation loans

The financing service of innovation loan help to trigger the realization of projects that are assumed to be profitable but are not suitable for full financing in the private sector. Innovation loans help to cover the needs of small and medium-sized enterprises for risk reduction in investment projects via top financing.

Innovation loans can normally comprise up to 50% of the capital requirement for a project. Plus the deduction period is adapted

Customer segment: Entrepreneurs + Enterprise/Company development + Out in the world

Low risk loans

Low risk loans is a financing service addressed to companies in all industries. Loans are offered to companies in need of financing long-term capital needs.  The financing will increase the capital and further the possibilities for internationalization and development activities.

Low risk loans are based on the bank and Innovation Norway either taking their share of the financing or share the financing on a conditioned basis. Loans are granted on competitive market terms with a long repayment period and conditions that are customized according to the corporation’s need.

Priorities are given to companies in regional areas and projects where a loan service offered through other banks is limited. Low risk loans are given to companies with satisfactory economy and reassuring collateral mainly by mortgages, guarantees and bail.

Customer segment: Company development

To learn more about Innovation Norway’s financial services, please click here.