Norway is rapidly becoming a hotspot for innovation, with a wave of new startups reshaping everything from fintech and health tech to green energy and AI. Backed by strong infrastructure, a forward-thinking economy, and generous government support, Norwegian entrepreneurs are creating solutions that tackle global challenges with local ingenuity. These startups are not only making an impact at home but are also gaining attention on the international stage for their fresh ideas, sustainable goals, and tech-savvy execution.
Is Norway a Good Place For Startups?
Norway has a booming digital sector and government assistance, making it a popular destination for startups. It does, however, also have to contend with issues including a shortage of skilled workers and a high cost of living.
Which Business Is Most Profitable In Norway?
Because of its substantial contribution to value-added and government revenue, Norway’s oil and gas sector is typically regarded as the most lucrative. A significant amount of Norway’s national income comes from the oil and gas industry. Oil and gas continue to be the most profitable industry, even though other sectors including technology, renewable energy, healthcare, and maritime also present exciting prospects.
Top 10 New Startups In Norway
Norway’s startup ecosystem is experiencing a dynamic transformation, propelled by a strategic shift from traditional industries to innovative sectors. Paving the way are the top 10 new startups in Norway:
1. OTee
OTee is a representative of the upcoming generation of industrial automation technology firms. Their major product is an open-standard IIoT platform that enables customers to design, develop, implement, and manage software-based control systems. This platform includes virtual data servers for publish-and-subscribe architecture integration and support. With integrated cybersecurity and artificial intelligence (AI) for PLC code development and enhancement, the platform provides a live cloud service for PLC operations.
2. Spring
The Web3 private market found a new home thanks to Spring. They created automatic tools that provide you with what you need to grow, vest, and invest. To satisfy the specific requirements of our clients, Spring developed safe smart contracts, based onchain, and employed SaaS solutions. The startups intend to keep developing clever answers to extremely challenging and complex issues.
3. Tings
A smartphone app called Tings was created to help people sort, hold onto, and sell unwanted and recyclable goods they no longer need. Tings wants to support this crucial transition to sustainability by creating game-changing technology.
4. Databutton
Based in Oslo Databutton creates a platform for low-code app developers to assist users in creating and launching AI applications. Using their own datasets or by connecting to a library of sources, models, and integrations, users may create dynamic web apps in a matter of minutes.
5. Fairsight
Making hiring procedures more equitable and inclusive is the main goal of Fairsight. By lowering bias in the hiring process, they offer a clever assessment platform that assists companies in identifying top performers and creating more diverse workplaces. The platform from Fairsight provides behavioural, talent, and psychometric evaluations in addition to a competency model.
6. Over Easy Solar
Delivering prefabricated solar units for flat and green rooftops is the main focus of Over Easy Solar. The product’s vertical bi-facial solar panels, which are easy to install and maintain, make it unique in the market.
7. Tana
By making digital knowledge work feel as natural as speaking with a trusted coworker, Tana is leading the way in the AI-native office. Tana significantly lowers the cognitive friction between thinking and doing by fusing an advanced knowledge graph, object-based note-taking, and adaptable AI agents.
8. Wattif
By converting parking spots into charging stations, Wattif makes it easier to access charging infrastructure. This startup embraces speed to cut out needless complications and promotes simple solutions that make life easier for clients and end users. Wattif EV is a one-stop shop for all of their EV charging needs, where customization is paramount and consumers are given priority.
9. Vespa
Using big data, RAG, vector search, machine learning, and LLMs, Vespa.ai is a platform for creating and executing large-scale enterprise AI applications that provide quick, accurate decisions that propel company performance.
10. Sloyd
Sloyd is a 3D automation firm based in Norway. Its main goal is to provide a platform that makes it simple and quick to create 3D assets across a range of sectors, including media, gaming, and 3D printing. Sloyd’s technology produces game-ready 3D models with optimal storage and real-time customisation through the use of AI and procedural creation.
