The Nordic region has been very severely affected by the recent pandemic, and yet it is still one of the best places in the world to do business. Denmark still produces world-renowned TV dramas, Sweden has a focus on gender equality and retail superstores, Norway has oil and gas, and even Iceland has made an encouraging economic comeback. This article aims to provide some business insight as to the sectors of the Norwegian economy that are managing to develop and progress, providing for investment opportunities.
Venture capitalism is drawn to Norway
Norway provides some of the best investment opportunities in the region. There are currently a large number of high-potential start-ups being written about in the Norwegian business news. Although only making up 4% of Europe’s population, over 17% of all venture finance is invested in Norway. The main sectors have been oil, gas, hydroelectric, shipping, and seafood. Investment in these areas is expected to increase and a substantial proportion of this investment will be from outside Europe. If it’s substantial risk and big returns you’re looking for, then Norway’s green and alternative energy start-ups may be where you need to invest.
Energy start-ups
As aforementioned, green energy is one of the biggest sectors in Norway and is also the one that is undergoing consistent and ongoing growth. Green energy and alternative energy supplies in Norway are led by wind, thermal, and hydroelectricity, and strangely enough, for one of the coldest places on earth, solar development is on the rise as well. Related to this rise in energy start-ups has been the increase in energy-related technology solutions, from apps and software that make it easy and commonplace to compare and switch energy suppliers similar such as businesscomparison.com to smart, floating solar panels. Energy is a leading business trend, and the opportunities lie in all the associated and related aspects of energy provision, sales, and maintenance.
Software start-ups
With software as a service taking the business world by storm, there have been a substantial number of software designers and developers that have made Norway home. As aforementioned, and as would be logical, a lot of the software being developed is related to the green economy, smart energy usage, smart homes, and logistics, following the growth of these specific sectors. However, it is clear that from software testing for the immediate region to the design of AI-based fashion campaigns, software in Norway is taking flight; now is the time to invest.
The recent pandemic has seen irreversible changes in the Scandinavian and global economies as a whole, and these changes have recently resulted in substantial social unrest and economic panic among investors and financiers alike. This article has shown that regardless of this uncertainty and economic volatility, Norway is still one of the best places in Europe to invest your money. It remains one of the world’s most inclusive economies and has a government that is pro-investment and start-up development. An article such as this will allow you to get in on the ground floor, so do your due diligence so you’re in the best position to make a pretty profit
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