Tor Bækkelund

Managing Partner, StartupLab

Nov. 2013

● StartupLab is Europe’s largest incubator made for

technology startups within IT/Tech:

- More than 60 companies with 130 talents

- Presence in Silicon Valley and Berlin

● Our goal: Drive, facilitate and support the growth of

new companies in Norway

● We offer a combination of flexible work space, free

and friendly advice, access to early stage capital,

industry partners and a broad network

StartupLab in brief

Founders Fund in brief ● Some of Norway’s most successful tech entrepreneurs who wants pay

forward and help foster a stronger entrepreneur community

● Early stage, no follow-up investments, partner with other investors

● Unique investment philosophy based on experience at Oslo Science

Park (4x returns over 10yrs)

- Pragmatic to the original idea, it will change and improve along the way

- People focused

- Exit early and reinvest

● 20-30 investments in the range of MNOK 0,5 - 1,5 each, average 1

MNOK per investment

So, how and what can

corporates learn from startups?

Let’s look at the differences

Resources

Culture

Legacy

Motivation

Sta

rtu

ps C

orp

ora

tes

Opposites

Can existing business foster new

business? Yes you can!

• Most importantly, meet the entrepreneurs

• If you are keen on creative input to your business

model or your products; “tell it on your web site!”

• Best case; you get something relevant and

affordable

• Even better case; it impacts your strategy -

positively

Some industries depend their

innovation on stimulating an

undergrowth of startups

- Successful?

Silicon Valley