The Government and Siva strengthens innovation environments across the country and has awarded BTO with NOK 1.5 million to strengthen the incubator program, Fintech Room. The newly launched program is a collaboration with NCE Finance Innovation and is aimed at entrepreneurs developing innovative solutions for banking, finance and insurance.
–We are excited about the result as we know that the competition is hard. The Government and Siva have formed a model that supports BTO´s hub and node approach, where disciplines are located close to the industry and strong research environments, says Anders Haugland, Managing Director of BTO.
Participants in the Fintech Room program receive guidance from our mentors and business developers in a number of crucial areas for startups. In addition, the entrepreneurs get access to a wide network of research and development environments, investors, industry clusters and established business. Fintech Room is a collaboration with the new fintech cluster NCE Finance Innovation.
- NCE Finance Innovation represents an industry that has a lot of power and force. The fact that the cluster has achieved NCE status in a record-breaking time is a sign that it has both will and execution. We look forward to the cooperation.
Anders Haugland, BTO
Atle Sivertsen, CEO in NCE Finance Innovation is very pleased with Sivas’ decision.
- This is a great opportunity for us to create an incubator-program with BTO that makes sure that entrepreneurs get a real chance to succeed. It is also a great way to enable further growth in the region and create new inspiring jobs, says Sivertsen.
Siva believes in growth for Norwegian companies
The Siva incubation program is aimed at start-up companies in the early stages. Services provided are for example business development, commercialization and mentoring. Siva has 35 incubators and 40 business gardens in Norway which operate the programs. A total of 3600 companies uses the service.
– We strongly believe that these five environments will be able to help many more businesses forward with the help of the funds allocated. This is a boost for companies in health and finance, as well as being an important boost for developing more companies in Northern Norway, says Ingrid Riddervold Lorange, Managing Director of Siva.