THE Rising North FUND aims to help Nordic startups become global leaders by giving out grants to EVENTS, TRIPS AND OTHER projects THAT ADDRESS CHALLENGES FACED BY STARTUPS FROM THE REGION.
CHALLENGES OF NORDIC STARTUPS
Building an industry leading company requires a team of the best possible people in the world. Getting that world-class sound designer to move from California to Oslo can be really hard.
The risk capital market has matured significantly in the Nordics over the years but the region is still far behind, both in the the size and number of VC firms compared to places such as Berlin, London and the Valley.
There are multiple laws and polices that make the lives of founders harder from recruitment and options to unnecessary bureaucracy and inefficient procurement processes.
Starting operations in a new country is almost always tough. Picking the wrong market to expand into can be a costly or even a fatal mistake.
The Nordics are the home for many great new products but today cutting through the noise can be tough. Finding the first international users or partners in two months rather than four can be crucial.
Facilitating joint Nordic efforts in international events and trade missions helps to portray the region as an interesting, forward looking market.