Norwegian government criticized by tech entrepreneurs

The last weeks Norwegian entrepreneurs have openly been targeting the government for it´s innovations efforts. Public risk finance have been redrawn from the market and digitalization is still not at the top of the priority list.

(Norwegian/DN) Grunder Opprør – Entrepreneurial revolt against politicians

“In a new manifesto takes several of the most prolific entrepreneurs urged to spend two percent of the oil fund for start-up businesses, as well as create a super fund in ten billion.

Among the requirements is a separate digital department, programming as a compulsory subject in primary schools, a super fund of 10 billion was invested in entrepreneurial companies, as well as turning two percent of Oil Fund towards investments in privately held growth companies

(Norwegian/Aftenposten) Norge må sette digitaliseringen som øverste prioritet. Foran arbeid, helse, klima og skole –  Norway must put digitization as top priority. Over work, health, climate and school

(Google translate) The major structural shift away from an oil and gas-based energy is inevitable and will alone require significant new growth. It is necessary for the world and Norway will achieve climate targets, while oil and gas will ousted greener energy. Even with an oil price between 60 and $ 94 – significantly higher than today – must rest of Norway’s exports more than double in up to 2040 to compensate for the decline in the petroleum sector. This amounts to almost as much money as all state tax revenue from mainland Norway. So we need an enormous amount of creativity and innovation to succeed in petroleum realignment.

Here’s the solution: Norway must put digitization as top priority. Front work, ahead of health, ahead of climate, in front of school. Because we as a nation will not be able to achieve the goals we have set ourselves within these political heartland, if they fall outside the scope of the digital future. The policy will simply not work” 

The man behind this initiative – Frode Eilertsen, a former Executive Vice President and Head of Digital Transformation of Schibsted, global head of tech in the energy sector for McKinsey, venture capitalist and entrepreneur from the United States.o

Here is from the manifesto they wrote this week:

The Norwegian society is facing dramatic changes. The disruption that every day reaches new corners of our society, due to a rapid development of technology, the explosion of data and quantum leap in artificial intelligence. Now is governed by global players, it affects hard across sectors and turmoil will have major consequences for our society. Many Norwegian companies currently lack the ability to innovate within the established structures and the defects largely expertise to respond to the technological transformation. Especially vulnerable are the very large and established. Meanwhile, expect the stock market that these businesses deliver an annual economic growth of up to 20 percent over the next 15 years. In addition, the politicians that there are these old locomotives that will deliver new jobs.

We think it is not realistic with the current development. Historically, such growth only in exceptional cases occurred among the most successful gazelle companies. And today is competition from new start-up companies and global players too strong and gets stronger; operators not only threatens future growth, but ultimately all the sovereignty of Norway and the foundation of our welfare model – financing and control. Not only within certain sectors, but also within the community core areas – health, education, energy, transportation, banking, insurance – even public administration. Norway must therefore put digitization as top priority. No work, no health, no climate, no school. This is not because these areas are not very important and the sum constitutes the foundation of the Norwegian society of the future, but simply because we as a nation will not be able to achieve the goals we have set ourselves within these political heartland. If they fall outside the scope of the digital future, then the policy will simply not work. Then all the Norwegian welfare model threatened.