Norwegian vs Swedish Innovation policies

Sweden and Norway have two very different innovation policies. Sweden are making tight connections to Bryssels while Norway is withdrawing public risk capital from the Startup financing market and asking the private risk sector to take main stage and help build a new economy as the oil dependency needs to be cured.

Sweden – Game Plan Europe

Significant funding is yearly allocated to Swedish research and innovation for excellence and competitiveness. In addition to national funding, Swedish actors compete for considerable resources in the European research and innovation programmes. By June 2016, approximately 400 Swedish organisations had been awarded more than 550 MEuro from the European programme for research and innovation; Horizon 2020.

Launched in 2014, Horizon 2020 has come halfway through its seven-year programme period. Considerable amounts of funding towards individual grants and collaborative projects remain to be distributed in the coming years, and novel schemes such as the European Innovation Council are expected to be introduced. At the same time, the Commission and member states are taking initial steps towards the coming Framework Programme.

At Game plane Europe we discussed how to maintain a strong Swedish leadership in European collaborations for innovative solutions on global societal challenges and excellence.

A Swedish perspective on European Research and Innovation
Sweden is an international leader in research, innovation and business. As such, the country has high ambitions for participation in European research and innovation programmes. Horizon 2020 has the potential to substantially reinforce Sweden’s investments in research and innovation and to drive international cooperation. The session presented political priorities for maintaining a competitive Swedish research and innovation system with a focus on European investments in the coming years.

Norwegian named their plan: Good ideas – Future jobs

The plan allocates NOK 400 million in measures to make it easier to succeed as an entrepreneur in Norway. In addition to supporting the Norwegian entrepreneurial environment, is one of the aims to attract more foreign players, both companies and investors.

Minister of Finance, Monica Mæland highlight three main features of the plan that will make Norway a “better entrepreneurial country”: Make access to capital easier Making entrepreneurship and innovation to a part of education in Norway Creating a culture of rooting for entrepreneurs and accept that not everyone succeeds. – Many will fail Norwegian Minister believes that today is a culture in Norway where many fear to fail, and we hope the entrepreneurial plan will help change these attitudes. – There are many who think that it is shameful to failed, rather than looking at it as an important experience, says Mæland. – Many entrepreneurs will fail, the important thing is that they do it at as early a stage as possible of corporate life, she says.