Steffen G. Rogstad
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SINTEF announced last week that they have successfully established a new NOK 500 million early stage investment fund to develop new technology companies.
The new seed investment fund SINTEF Venture V will promote the commercialisation of research and development results. It will invest in – and develop – new micro, small or medium-sized enterprises (SME) whose activities are based on technology originating from research at SINTEF and the Norwegian University of Science and Technology (NTNU), both based in Trondheim.
Arntzen de Besche has been legal advisor to SINTEF in all parts of the process - from planning, contractual negotiations to closing.
European Investment Fund (EIF) and a number of private, Norwegian investors participate in the fund. This is the second time the EIF invests in Norway and Arntzen de Besche has been a legal advisor both times.
SINTEF is one of Europe's largest research institutes, with multidisciplinary expertise in technology, natural sciences and social sciences.
More information about the fund is available here.