Five finalists selected for the Norwegian Cleantech Award
The Cleantech sector in Norway is on the rise, and attracts great national and foreign interest. In 2009, out of the top 20 Nordic investment deals, no less than eight were Norwegian, including the largest investment. This development continues during the first quarter in 2010, with the top five investments being Norwegian. Will this success be repeated and even accelerated in the years to come? The Norwegian Cleantech Award aims to highlight the future cleantech success stories and give investors an early view of these rising stars.
The Award is presented by Cleantech Scandinavia, Statkraft, Investinor and Innovation Norway. The five finalists will present to an audience of Nordic and international investors at the Cleantech Capital day in Oslo 2nd of June. The audience will pick the final winner who will be awarded EUR 10 000 and a selection of free advisory services.
The award was open to Norwegian cleantech companies that have to-date received less than EUR 1,000,000 (1 million) in external private financing. The jury consisted of:
Helle Moen, Investment Manager at Investinor;
Anne Worsøe, Head of New Business at Statkraft Development;
Bernhard Mohr, Senior Investment Manager at BASF Venture Capital;
Magnus Agerström, Co-founder and Managing Director of Cleantech Scandinavia; and
Ivar Singstad, Advisor in Energy and Environment at Innovation Norway
The selection criterion was growth potential, judged on the basis of information submitted by the applicants regarding the business idea, the market, the team and the technology.
27 applicants submitted very detailed and extremely well prepared applications. The overall quality of applications was high, surprisingly many had come far in customer contacts, more or less all applicants had impressive and valid business cases with high innovation levels and fairly good barriers to competition, and most importantly the teams impressed with highly relevant experience of their target markets.
WindFlip AS: a Trondheim-based provider of offshore wind turbines transportation solution.
Kyoto Energy AS: develops solutions that allow affordable renewable energy production in the developing countries.
MemfoACT AS: developer of a new type of carbon membrane for various gas separation applications.
Sorbwater Technology AS: a Bergen-based supplier of a novel process wastewater cleaning technology.
ECOsubsea AS: an Oslo-based developer of an environmentally conscious hull cleaning technology for seagoing vessels.
For more info and to join the final event:
Magnus Agerström, Managing Director
+46 40 602 76 00
Svetlana Gross, Project Manager
+46 73 940 20 81
- innovasjon norge
- cleantech capital day
- norwegian cleantech award
- cleantech scandinavia
- cleantech innovation
Cleantech Scandinavia is a membership network of investors and affiliated cleantech professionals designed to provide cleantech knowledge, contacts and investment opportunities; be a coordinating voice to promote the Nordic cleantech sector, and drive cleantech innovation and growth in the Nordic countries. Cleantech Scandinavia offers its members a series of networking and pitching events, business intelligence research and reports including Nordic cleantech deal flow statistics, and holds a database of investment opportunities in the region.