Permian | Better funding of innovation in Norway
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Better funding of innovation in Norway

A report with recommendations to improve the supply of risk capital to new innovations in Norway has been released. Now it is in politicians’ hands to start discussing suggestions for ease in taxation, establishment of a new state owned fund-of-funds and reduced investment restrictions for pension funds and foundations.

A Norwegian advisory committee appointed by the Norwegian government presented their report March 1, 2018. (NOU 2018:5 Kapital i omstillingens tid).

The NOU report will now be submitted for consultation until July 1, 2018.

There are three groups of suggestions presented by the advisory committee

  1. Increase and ease the opportunities for pension funds and foundations to make risk capital investments in non-tradeable assets
  2. Increase the early stage funding opportunities by establishing a new 1bnNOK state owned fund-of-fund and by improving the predictability in the seed invest arrangement
  3. Ease the taxation for risk capital investors

Consultation and political processes will take time.  Any concrete changes towards meeting the recommendations of the advisory committee and the consulting parties may at the earliest take place within 9 to 18 months from now.

Permian, March 2, 2018

Agata Sniecikowska / Ben Guren

Link to the report: http://nettsteder.regjeringen.no/kapitaltilgangsutvalget/

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