Norwegian Businesses Visiting Singapore Acquire Local Startup, Secure SGD4m Investment Offers and Create New Jobs For Singaporeans

May 3, 2017 – 06:05 am

Six Norwegian early-stage companies came back victorious to Norwegian today in the Tech Incubator (TINC Asia) program run by Pleased Frog Digital Incubator (JFDI) and Innovation Norwegian.

A powerful three days of coaching and conferences ended having a string of accomplishments including two going to companies acquiring in-principle investment offers amassing SGD4m (USD3m), two Norwegian companies opening offices and creating 3 new jobs for Singaporeans and among the Norwegian companies obtaining a Singaporean counterpart to accelerate its expansion into Asia.

The TINC Asia started having a 3 day briefing session in Oslo in June, then participants investigated target marketplaces in Asia and eager to satisfy with potential partners. Through three days in Singapore from 17 August to 4 September, they pitched at three occasions and held a large number of conferences, led by intense coaching and an abundance of industry connections supplied by a partnership between JFDI and Innovation Norwegian.

“Participating inside a programme such as this really allows us to comprehend the business culture in the area it practically kicks doorways open. And also the mentors at JFDI are actually useful, they assist us crack the social codes, allow us to navigate paperwork, as well as locate probably the most exotic meals in Singapore, ” stated August FLATBY of Biogrid AS, while attending in Singapore. “If we needed to learn everything the slow way, i then accept is as true might have taken us several weeks to develop sufficient confidence to construct a company here.”

Stig LINNA, Boss of Kaizit AS stated, “By utilizing the large network and also the experience from many earlier start-ups here, we feel that people can accelerate considerably faster by doing this. It's an amazing spot to be around within the Singapore start-up community. We'd the chance to speak to numerous differing people with lots of interesting specialties and also the JFDI team is excellent!Inches

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