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Sustainable Growth the Nordic Way

Nordic Innovation Houses to open in Singapore and Hong Kong

Four Nordic countries are joining forces to open Nordic Innovation Houses in Singapore and Hong Kong. The idea is to establish a Nordic start-up environment in Asia in line with the successful concepts in New York and Silicon Valley. The Nordic Council of Ministers is co-funding the project.

The purpose of the Nordic Innovation Houses in Singapore and Hong Kong is to help both new and established Nordic entrepreneurs and companies that have good potential for international growth and success. The innovation houses will complement the national Nordic trade organisations that are already in place, and will work closely with them.

The project involves Norway, Sweden, Finland, and Iceland. Nordic Innovation, an institution in Oslo under the Nordic Council of Ministers, is co-funding the project and putting up half the funding for the three-year budget, while the governments involved are prepared to secure the remaining funding. The goal is for each of the innovation houses to be financially self-sufficient once the project period has come to an end.

The Secretary General of the Nordic Council of Ministers, Dagfinn Høybråten, is pleased that Nordic co-operation is bringing about concrete initiatives that enable Nordic companies to invest internationally and contribute to sustainable growth in the Nordic Region.

“I’m very pleased that we’re following up on our political ambitions and strengthening Nordic co-operation with enterprises by way of this specific project. As we establish this strong Nordic platform for entrepreneurs and start-ups, new doors for closer co-operation between the Nordic countries will start to open,” says Høybråten.

Photo: Timothy Muza/Unsplash