STUD-ENT: Apply for 1 million kroner to develop your business idea

Student or recent graduate? Apply for up to NOK 1 million through Innovation Norway's scheme STUD-ENT. The funds will be used for further development of the business idea.

Deadline to get application help from Norinnova to STUD-ENT 2022: 25 March 

Increase your chances with Norinnova

We have good experience from previous application rounds, and companies such as Ventyr, Keenious and Pazzing started their journey with million support from this scheme. In collaboration with UiT, we can now assist in the work of developing a business plan and offer free guidance to projects that want to apply. It is time consuming to prepare a STUD-ENT application with high enough quality to reach, so it is important that you get in touch early!

Interested?  Get in touch for a non-binding chat.

What can you apply for support?

The support from STUD-ENT will be used to realize the business idea or carry out critical activities that reduce technology and concept risk.

Costs that can be covered are, for example, technical equipment, travel, consulting services, technical assistance and salaries.

Requirements for Applications

  • Team Manager Are newly educated or under-education at:
    • Master level: delivers the main task before the project start
    • Professional education level: Completed a maximum of four years before the start of the project
    • PhD level: Confirmation from institution that STUD-ENT project can be carried out in parallel with the study
  • The business idea must be based on knowledge acquired through studies, be innovative and be based on a competitive advantage.
  • There are no requirements for industry and students from all fields of study can apply.

Read more about the STUD-ENT scheme and further requirements for innovation Norway .no

Interested? Please contact us for a no-obligation chat!

You don't need a clear business plan or have the full application in place – you'll get help with us. Send us an email with a brief description of the idea and the team and we'll talk about how we can assist you along the way. We look forward to hearing from you!

Nb! Be out early! From experience we know that it can take several weeks to finalize the application. The sooner we get started, the better chance you have!

Student @ norinnova .no

Remember application deadline: 30 . April 2022

Innovation Advisor: Do you want to be part of the hunt for future technologies and services from Northern Norway?

Do you want to be part of the hunt for future technologies and inventions from the research communities in northern Norway?

The research environments create many unique opportunities for innovation and Norinnova work closely with these to create business opportunities and new jobs. We know that every year ideas are created that can contribute to a more sustainable future. That is why it is so important to find these. Norinnova is therefore looking for an idea hunter who will track down new ideas that can become products, services and growth companies based on research from northern Norway.

IN Norinnova you want to work with business developers who play each other well. Together we work to create products and services that benefit society.
Your most important task will be to recruit new ideas from researchers and students, as well as evaluate ideas that can become new products or services.

We are looking for you who are passionate about innovation and want to find solutions for the challenges of the future. You have good relational qualities, are curious and can see business opportunities in new technologies and services. You must be a recent graduate, as long as you are motivated by the opportunity.

Norinnova is one of the region's largest innovation companies and has 21 competent employees with different educational and experience backgrounds. The company commercializes research, creates growth in start-up companies and competitiveness in existing businesses.

Graduates are encouraged to apply!

Norinnova focuses on young people who want to help develop the region and create new jobs!

 

 Tasks
  • Plan and conduct meetings with researchers and students
  • Recruit and evaluate new ideas
  • Plan and carry out events
  • Collaboration with customers, researchers, students and policy instruments

  Desired qualifications

  • Higher education, preferably with a master's degree. Relevant work experience can replace requirements for higher education
  • Good Norwegian and English skills, both oral and written

  Personal characteristics 

  • Dedicated, sociable and curious
  • Independent
  • Ability to build relationships and networks
  • Comfortable with giving presentations
  • Communicates purposefully and clearly with others 

We offer: 

  • A varied, meaningful and challenging workday.
  • An inspiring work environment with good colleagues and high ceilings
  • Good opportunities for professional and personal development
  • competitive conditions

Interested?

For questions about the position, contact department manager Eirik Wasmuth Lundblad, tel: 976 87 571, or CEO. Asbjørn Lilletun, tel. 915 56 539

Application deadline: Written application with CV sent by 23 January 2022 via Finn.no

Do you want to help develop the technologies and services of the future from Northern Norway?

Tech Transfer: Do you want to help develop the technologies and services of the future from Northern Norway?

Due to increasing number of assignments applying Norinnova two business developers to actively contribute to the development of new products and services based on research from northern Norway.

IN Norinnova we work to create a better future by developing new products and solutions from research and unique business concepts from entrepreneurs and business. Our social mission is to contribute to increased value creation from the best research-based results, create growth in start-up companies and competitiveness in existing businesses.

 

Now we want to strengthen our team that brings ideas from research to commercial application. We are looking for you who are interested in new technologies and services and want to find solutions for the challenges of the future.

 

You will lead innovation projects and help researchers develop new products, so that these benefit society through increased value creation. You will work with business developers who play each other well.

 

Norinnova is one of the region's largest innovation companies and has 21 competent employees with different educational and experience backgrounds. Norinnova is an innovation partner for UiT Norwegian Arctic University and the University Hospital of Northern Norway and works closely with innovation companies across the country. The company is located in modern premises in Siva Innovation Center Tromsø and shares offices with exciting entrepreneurial companies.

 

Graduates are encouraged to apply!

Norinnova focuses on young people who want to help develop the region and create new jobs!

 

 Tasks
  • Evaluate new ideas
  • Prepare presentations, business plans and market analyzes
  • Apply for funding for projects
  • Market technologies and enter into commercial agreements with companies
  • Collaboration with researchers, students, entrepreneurs, business, policy instruments and investors

  Desired qualifications

  • Higher education, preferably with a master's degree in science, ICT or equivalent. Relevant work experience can replace requirements for higher education
  • Good Norwegian and English skills, both oral and written

  Personal characteristics 

  • Structured and analytical
  • Good implementation Ability
  • Concerned about creating results
  • Engaged and curious
  • Communicates purposefully and clearly with others 

We offer: 

  • A varied, meaningful and challenging workday.
  • An inspiring work environment with good colleagues 
  • Good opportunities for professional and personal development
  • competitive conditions

Interested?

For questions about the position, contact department manager Eirik Wasmuth Lundblad, tel: 976 87 571, or CEO. Asbjørn Lilletun, tel. 915 56 539

Application deadline: Written application with CV sent by 23 January 2022 via Finn.no

Signed license agreement on new class molecules for cancer treatment –

Signed license agreement

A new class of peptides for cancer treatment developed at UiT-The Arctic University is via Norinnova licensed to the company Lytix Biopharma AS. 

The peptides are developed by inventors Johann Eksteen, John Sigurd Mjøen Svendsen and Øystein Rekdal. 

Actors from UiT-The Arctic University, Norinnova , Lytix, Norce, Oslo University Hospital and Gustave Roussy in Paris have participated in a verification project of the peptides partly funded by the Research Council of Norway and the Cancer Society.

The license agreement gives Lytix an exclusive right to further develop and commercialize this new class of molecules, helping to build up the Lytix platform and pipeline of new candidates. One of the peptides has shown particularly promising results for cancer treatment in veterinary medicine, and Lytix has already started a strategic partnership with the company Aurelius Therapeutics to ensure progress with this molecule.    

Nordlys has interviewed the CEO of Lytix Biopharma Øystein Rekdal, read the case here

  

STUD-ENT: Apply for 1 million kroner to develop your business idea

Student or graduate? Apply for up to NOK 1 million through the Research Council's stud-ENT scheme. The funds will be used for further development of the business idea.

Deadline for obtaining application assistance from Norinnova to STUD-ENT 2021: January 4 

Increase your chances with Norinnova

We have good experience from previous application rounds, and companies such as Medsensio, Keenious and Pazzing started their journey with million support from the Research Council of Norway. In cooperation with UiT, we can now assist in developing the business plan and offer free guidance to projects that wish to apply. It is time consuming to prepare a STUD-ENT application with high enough quality to reach, therefore it is important that you get in touch early!

Interested?  Get in touch for a non-binding chat.

What can you apply for support?

The support from STUD-ENT will be used to realize the business idea or carry out critical activities that reduce technology and concept risk.

Costs that can be covered are, for example, technical equipment, travel, consulting services, technical assistance and salaries.

Requirements for Applications

  • Team Manager Are newly educated or under-education at:
    • Master level: delivers the main task before the project start
    • Professional education level: Completed a maximum of four years before the start of the project
    • PhD level: Confirmation from institution that STUD-ENT project can be carried out in parallel with the study
  • The business idea must be based on knowledge acquired through studies, be innovative and take into account a competitive advantage
  • There are no requirements for industry and students from all study directions can apply

Read more about the STUD-ENT scheme and additional claims on forskningsradet.no

Interested? Please contact us for a no-obligation chat!

You don't need a clear business plan or have the full application in place – you'll get help with us. Send us an email with a brief description of the idea and the team and we'll talk about how we can assist you along the way. We look forward to hearing from you!

Nb! Be out early! From experience we know that it can take several weeks to finalize the application. The sooner we get started, the better chance you have!

Student @ norinnova .no

Remember application deadline: 17 March 2021

Norinnova to manage new fund

 

Norinnova to manage a new fund for young entrepreneurs in Northern Norway

Fantastic news!

Norinnova will manage a new fund of NOK 12 million for young entrepreneurs in Northern Norway. The initiative is intended to build on the interaction between innovation, business and knowledge, which are priority areas in the Government's High North report. Details of the alignment of the scheme shall be prepared in the future in dialogue between the Ministry of Foreign Affairs and Norinnova . 

Here you can read the interview with us in Northern Lights here

  

Scaleup IX: Inspired by top-notch sport, Northern Norwegian growth companies will be helped into the world

Jørgen Eiane, creative director and co-owner of Pazzing AS poses for a camera. Pazzing is a gaming platform where participants are presented with digital tasks in physical areas. General manager and co-owner Martin Mathisen holds the phone.

Jørgen Eiane, creative director and co-owner of Pazzing AS poses for a camera. Pazzing is a gaming platform where participants are presented with digital tasks in physical areas. General manager and co-owner Martin Mathisen holds the phone. Photo: Amund Trellevik

The training methods are taken from Olympiatoppen. Six Northern Norwegian startups are now being slusled through a tough mentoring program to get them ready to conquer the world market.

A few weeks ago, the observant could see a handful of people walking around tromsø city centre, staring into their mobile phones.

At various locations in the city, the founders of the gaming company Pazzing had deployed various "tasks." Once a "task" was resolved, the people were passed on to the next one.

The technology is called AR technology, or augmented reality. It's about placing fictional elements or new information in the real world — as you see it through the camera lens.

This means that general manager Martin Mathisen (27) is now almost stumbling across a large stone, fictional, when he will pose for the camera with creative director Jørgen Eiane (27) of the company both have helped build up from the start.

"We have developed a gaming platform so that anyone can create their own AR game. These are rebus races where players will work together. They have to visit physical locations," says Mathisen.

Play in real life

Unlike a traditional rebus race, players are presented with digital tasks. A neighborhood, public building or a park can now easily be transformed into a digital playground.

The idea behind the game is to create a gaming experience that binds people together," says Mathisen.

– The target group for the game is broad: we take inspiration from escape room and Kahoot. Everything from teaching, kindergartens, bachelorette party and team building will potentially be our customers," says Jørgen Eiane.

Northern Lights has previously written about Pazzing's plans. In the spring of 2017, the founders brought in NOK 1 million from the Research Council of the Company. In March 2019, the founders said that the game would soon be launched. Earlier this fall, it became clear that investors are ing more money.

Mathisen and Eiane will not today announce a release date, meaning that the game will be ready within the next year. The company is now working on the business plan. Both subscription solution, advertising financing or sale of the game are relevant sources of funding.

From left: Asbjørn Lilletun, CEO, Therese Lein, marketing manager and Line Kjelstrup, cluster leader, at Norinnova in Tromsø.

From left: Asbjørn Lilletun, CEO, Therese Lein, marketing manager and Line Kjelstrup, cluster leader, at Norinnova in Tromsø. Photo: Amund Trellevik

Getting help in growth program

Pazzing is now getting professional help to step up from being a startup to becoming a commercially viable business that can grow rapidly. The company is among the six Northern Norwegian start-ups Norinnova s Scaleup IXapplication. This means that over the next year, companies will go through a training camp not unlike the everyday life of elite athletes.

It is Avju Solutions, Probotic, TiAlta, Keenious, Pazzing and Marealis that are picked out.

"This is about turning more North Norwegian start-ups into growth companies. We will help a company with one and two employees into a company that goes from being two employees to being ten employees, and on to being a hundred employees," says Asbjørn Lilletun, CEO of the innovation company Norinnova AS.

They have 30 years of experience helping scientists and entrepreneurs realize their ideas from just being an idea, to becoming a business that attracts investors and grows rapidly.

– What are the characteristics of the companies selected in the program?

"The companies have a scalable business idea, that is, they can grow very quickly. They have international potential. And the companies have entrepreneurs who have ambitions and the personality that makes them stand in this. They must wholeheartedly dedicate themselves to this and have a conscious relationship with the UN Sustainable Development Goals. Not because these companies are going to save the world, but because it is an important competitive advantage in the market today," says Lilletun.

Many collections

For one year, Pazzing and the other companies will go through several collections. Ambitions will be mapped out. How are companies going to bring in capital? Which owners are smart to have? How is the value of a company increased? What markets is it advisable to go in first?

Lilletun says the program has taken inspiration from top sport. He expects the people selected in the program to be "somewhat in-the-back" over the next year.

Being an entrepreneur is tough. Lilletun wants to get the start-ups ready to face the brutal business reality out there.

"Being an entrepreneur is very similar to being a top athlete. The sacrifices and the focus required to become good in sports can be transferred to the entrepreneurial world. This is just a different kind of sports branch," says Lilletun.

– What do you expect of those selected?

–Expect them to contribute a lot themselves. That they are interested and show dedication that we believe them have. That they take on the knowledge we have, that they are coachable, trainable, understand that you may want to see other perspectives. I also expect them to be in the hell hard, that the people are willing to do what is required," says Lilletun.

Pazzing AS is a Tromsø-based game development company that has developed its own platform with so-called AR technology, or augmented reality in Norwegian. From left: Martin Mathisen, general manager and co-owner and Jørgen Eiane, cretive leader and co-owner.

Pazzing AS is a Tromsø-based game development company that has developed its own platform with so-called AR technology, or augmented reality in Norwegian. From left: Martin Mathisen, general manager and co-owner and Jørgen Eiane, cretive leader and co-owner. Photo: Amund Trellevik

Never regretted the entrepreneurial idea

Martin Mathisen and Jørgen Eiane are clear that at some point the company needs to raise more capital. Through the Scaleup IX program, entrepreneurs hope they will be better prepared for what is required of them as company developers to meet the demands set by investors.

"We got more private investors this summer. But we need to bring in more capital at some point," says Eiane.

Both are clear that they have never attacked that they staked everything on the boy's dream – to develop their own computer game, even though there have been many downs.

"The learning curve is enormously steep. And you have a lot of lows. But the ups and downs overshadow those lows. Then you forget about the pain you experience when you are told by people that your project is not working," says Mathisen.

"Even more people should be focusing on the entrepreneurial dream. We as an environment can probably be experienced a little closed and sheltered. But we're not! We are very open to anyone who wants to get in touch and ask us for advice," says Eiane.

Norinnova : We help Northern Norwegian research to become big business: – Here we create many jobs

NEW PRODUCTS AND SERVICES: Director Asbjørn Lilletun and Marketing Manager Therese Lein in Norinnova has specially designed office space at Siva Innovation Centre in Breivika. This is where many companies and entrepreneurs are arranged to meet and that it should be easy to get a larger network.  

NEW PRODUCTS AND SERVICES: Director Asbjørn Lilletun and Marketing Manager Therese Lein in Norinnova has specially designed office space at Siva Innovation Centre in Breivika. This is where many companies and entrepreneurs are arranged to meet and that it should be easy to get a larger network.  

They help Northern Norwegian research to become big business: – Here we create many jobs

They enter the door of the Norinnova as entrepreneurs or scientists. There, they receive crucial help in successfully developing a growth business and making the idea a reality. From the premises in Tromsø, cancer medicine, a super microscope and mobile platform game have been Norinnova companies to global success.

In the premises of the Siva Innovation Centre – which previously went by the name Forskningsparken – there are large office spaces where great and important knowledge is developed into new, and some vital, products.

Siva Innovation Centre is operated by Norinnova . It is a Northern Norwegian innovation company that is engaged in business development and helps researchers and entrepreneurs develop their ideas into products with international potential.  

 "We are designed to refine research and be a tool for developing growth companies that create jobs in the region," says Asbjørn Lilletun, director of Norinnova .

From the premises of Siva Innovation Centre, Norinnova helped around 300 companies, which in turn has created about 1,000 jobs. There have been companies in everything from medicine to satellite communication that have been started in Tromsø.

"Some of the 1,000 jobs have probably disappeared, but we have helped create jobs in more places than in Tromsø. For example, the company Ayanda has had up to 200 employees with a factory at Andenes and elsewhere in the world, so what we do has ripple effects in several places," says Lilletun.

Norinnova is one of a total of 33 Siva incubators in Norway, which means that the companies associated with the incubator also have access to Siva's large national network.

Siva Innovation Centre in Breivika now has vacant office space for rent for all types of companies.

Medicine that saves lives

Norinnova closely monitors research from the university and whether there is anything that can be developed further into new products. One of the companies that they are proud to have helped out is Prohylix Pharma, which was started based on the research of Bjørn Skogen and UiT rector Anne Husebekk, among others.

–They have developed a method to prevent the rare and life-threatening bleeding disease FNAIT, which affects newborns. Now the commercial rights to the treatment developed by the Tromsø company have just been sold to an American company and it is expected that in a few years it will be expected to offer prevention of this disease, affecting the lives of families all over the world. It is an example that our work to help companies is very rewarding and meaningful work," says Lilletun.

Has collected 1 billion

The companies that come to Norinnova get help for everything they need to grow as a business. Researchers often have a lot of knowledge about a field, while Norinnova has extensive experience with decisive factors related to the start-up and development of enterprises.

"We are a carefully assembled team of 20 people and we need to be able to help in many different phases. We need to be able to understand a researcher and the detailed work the researcher does. We have companies working with molecules or enzymes and we need to understand how we can take this knowledge further. Our goal is to bring it further to the market and then we must also understand the market and what is required to get there," explains Lilletun, continuing:

GOOD HELP: From the premises at Siva Innovation Centre has Norinnova around 300 companies.  

GOOD HELP: From the premises at Siva Innovation Centre has Norinnova around 300 companies.  

"We must also raise money for the development of both product and company. We have broad experience in obtaining public instruments, but we have also gained a network of private investors. In total, more than NOK 1 billion has been invested in companies Norinnova . Our ability to raise money is one of the main reasons why our customers want to work with us," says Lilletun.

From one man to global company

Among the 300 companies that have been started up at Siva Innovation Centre, Norinnova helped someone to grow up.

"Tromsø company Dualog has developed into a global company that provides solutions for communication between land and sea. It all started with an idea of how to transfer catch data from fishing boats to shore and an ambition to succeed internationally. Now Dualog has become a company that operates all over the world, but still with ambitions for further growth," says Lilletun.

Companies wishing to rent premises at Siva Innovation Centre can find contact information at the bottom of the case.

In recent months there are two tromsø companies that are in a very exciting phase. Pazzing is developing a new type of mobile game – a mix between Escape Rooms and Pokémon Go – where users have to solve rebuses while out and about. The company has just been through an investor round where they have brought in more investors and three million in capital and will hire more.

Keenious is another company originating from Norinnova , who have developed a completely new method where they use a search engine and analyze text so that students and researchers can more easily find relevant articles. They recently received NOK 21 million in an innovation contract and are now increasing from two to nine employees.

"For 30 years, Norinnova helped promising start-ups grow and create new innovative jobs in the region. It's fantastic to see when they succeed," says Lilletun.

Helping each other

Annual help Norinnova between 25 and 30 start-ups to realise their global ambitions. Several of these share an office with Norinnova at Siva Innovation Centre. The new office space is specially adapted for a social environment where it is easy to meet.

"We want everyone who works here to interact with each other and that the threshold for taking advantage of each other's experiences should be low. We have a common dining room and have lunch together. It's a very nice place to be to connect and learn from each other," says Lilletun.

Keenious: Tromsø entrepreneurs' idea can help students and researchers around the world

Tromsøgrûnderne's idea can help students and researchers all over the world.

ITromsø's marketing department
ITROMSO.NO

You don't have to be born like Steve Jobs to put a great idea into the world. But you need to surround yourself with people with knowledge, who teach you the way from idea to reality.

It experienced the founders Anders Rapp and Frode Opdahl when, shortly after their studies, they started their own company and developed the search service Keenious. Recently, they scrapped an innovation contract of NOK 21 million which now gives Keenious proper buoyancy towards commercialization of the product.

Inspiration and knowledge

For Keenious, the office space at Norinnova at Siva Innovation Centre, formerly known as Forskningsparken, the start of the important journey they have embarked on. Here they have received guidance in application writing, how to present the idea to investors and other partners, and they draw inspiration and knowledge from other start-up companies.

-We would never be where we are today if it wasn't for Norinnova . Here we met resource people who evaluated our idea and who specialize in the many pathways from idea to a marketable product. There is a lot to get into as a start-up company, and many work steps towards the goal and all this must happen at the same time as you are working on the idea itself," says Frode Opdahl.

READ ALSO: In these premises, Tromsø entrepreneurs get expert help – over 1 billion are invested in companies started here

Using artificial intelligence

The development of the search engine he started with as a student at Informatics at the University of Tromsø. Keenious is designed to simplify source search and research for students and researchers. Using machine learning and artificial intelligence, keenious entrepreneurs have created a search service that analyzes texts and extracts other relevant research, articles, studies and publications. This simplifies the work of finding literature for studies or research. And the uniqueness of Keenious is the way technology is used and assembled to understand the copywriter's needs, whether you're a freshman studying sociology or a doctoral student in computer science.

The idea emerged when Frode himself was a student at UIT, and would simplify his own study life. 

The idea emerged when Frode himself was a student at UIT, and would simplify his own study life. 

 

"The program is a bit like your advisor during the study, the one that points you to and directs you towards other source searches in relevant research or publications with content you hadn't thought about," says Opdahl.

He has a versatile background in psychology, computer science, law and business administration.

"If you're going to start a business, there's a lot to learn, so it all comes in handy in Keenious. It is also important that we are two with different backgrounds who complement each other.

READ ALSO: Nowthe tromsø entrepreneurs have received three million from new investors – the choice of office space was crucial for the gaming company

From Breivika to Berkeley

In the spring of 2017 they started up in full and the same autumn they established the company Keenious. In addition to the formal competence the studies have given them, both Gründerskolen highlights as important inspirator. The Entrepreneurial School is a collaborative project between many educational institutions in Norway and the program is coordinated by the University of Oslo. The goal is to inspire students through knowledge and networks for innovation and entrepreneurship. Participation here first brought Anders, and the year after Frode, to Berkeley University on courses and training, as well as internship in high-tech start-ups in the Sillicon Valley.

It was a very inspiring month. At the same time, the magic of establishing businesses was taken down. Knowing the possibilities and knowing the way from idea to product is as useful as the idea itself.

Innovation contract of NOK 21 million

"The stay there was priceless and a great inspiration for those of us who have never started a company before," says Rapp.

The University of Tromsø is a pilot customer in the innovation contract of NOK 21 million in cooperation with Innovation Norway, SkatteFUNN and private investors. In the past, both the Research Council and the EU's Horizon 2020 have supported the Tromsø founders. Currently, a free preview of Keenious is available in the market. From just being Frode and Anders, the company is now recruiting new employees. Before the end of the year, they will be nine employees.

-We aim to reach internationally with the product. The technology has great potential. Just think about how many students and campuses there are in the world!

Pazzing: Former Kahoot top bets on new game concept

Game entrepreneurs behind AR platform Pazzing hit targets during investor hunt


REDAKSJONEN@SHIFTER.NO

The gaming company Pazzing has brought Martin Kværnstuen- formerly CFO of Kahoot- into the ownership side in a funding round totalling NOK 3 million.

Pazzing develops a gaming platform that combines augmented reality (AR) social experiences and game puzzles (AR) related to geographic locations. In the past, the founders have received government grants from, among other things, the Research Council to develop a prototype of the gaming platform.

"We are very pleased to have created a successful prototype of Pazzing, which has been well received by beta players, which has resulted in very competent and engaging investors joining our development further," says co-founder and general manager Martin Mathisen.

"The next step is to recruit new talented employees for the team who share our vision of creating social and engaging gaming experiences," he says.

Getting Cahoot Millions

In the app, mobile players work together to solve a series of tasks presented in AR, much like a "digital rebus race." Players can also put together their own puzzles, then share their gaming experiences with friends, family and other Pazzing players.

Martin Kværnstuen quit his job as head of finance at Kahoot this summer, after six years.

At the same time, he sold shares for over 260 million, which he would spend on finding and creating new companies.

One million of the winnings he is now betting on Pazzing.

"They have created a thoughtful game concept that contains many of the elements that I think are required to succeed. It will be interesting to assist the company both financially and hopefully with some good advice in the years to come," says Kværnstuen.

He gets company from Norinnova and a less collective Norwegian angel investors in the round.

In addition to private investor capital, Pazzing receives NOK 125,000 from the Nordnorsk Film Centre and NOK 400,000 from Innovation Norway to further develop the AR platform.

Inspired by Norwegian successes

The game entrepreneurs, based in Tromsø, believe that the development of the game in Norway in no way puts an end to the global ambitions of the game project.

–Norwegian successes such as Kahoot, Wordfeud and the game studio Dirtybit that has created the FunRungames have been a great inspiration to us. Our goal, of course, is to follow these examples in the long term by taking our own game project into the world," says Mathisen.

Furthermore, the entrepreneurs point out that there is still a long road to international success, but are delighted that the team is constantly reaching new milestones.

"We are humbled and proud to have knowledgeable investors in place, and our next focus will be to find more talented and initiative-rich employees who will both thrive in our team and who are passionate about taking part in the development of the exciting gaming project," mathisen concludes.