The State of Trondheim's Technology Sector

The Trondheim region is home to 554 technology companies employing over 10,000 people, generating more than NOK 14.4bn (USD $1.9bn) in revenues, according to a new report.
Trondheim technology Nidelven

The Impello Analysis is an annual report from the Trondheim-based advisory firm Impello Management AS. Every year since 1996, the report analyses the state of the technology sector across the Trondheim region, which encompasses Orkdal, Melhus, Malvik, Leksvik, Stjørdal, Rissa, Midtre Gauldal, Klæbu, Skaun and the city of Trondheim itself.

The report highlights two companies for their impressive growth. Norbit ITS AS is one of the three leading European providers of road tolling systems. Their revenue grew by 209 % from 2012 to 2013. One Voice AS develop tools for risk management and crisis management and have seen 48% average revenue growth (CAGR) from 2009 to 2013.

What Trondheim offers the world

In addition to providing analysis on the raw numbers, the report asks key figures from Norway’s political and business environment challenging questions about the future of Trondheim as a technology city, providing a nice narrative to frame the report’s findings.

Monica Mæland, Norway’s Minister for Trade and Industry, says in the report:

“The amazing research and educational institutions are a driving force behind the technology industry in Trondheim. And not least, the close collaboration between those academic institutions and businesses. What happens in this environment fits nicely with the Government initiatives in areas such as oceans and energy.”

“I must also say that Nobel Prize winners May-Britt and Edvard Moser are evidence not only for the outstanding efforts they have made in medicine, but also of Trondheim’s strength in research.” – (translated from Norwegian)

Following the report’s publication this week, Professor Johan E. Hustad, Prorector of Innovation at NTNU, said the focus of the University was paying off:

“This year’s report again highlights the importance of placing innovation and entrepreneurship high on the agenda at NTNU, to create spin-off enterprises from the work of our employees and our students. Turning cutting-edge technologies and new ideas into companies with global potential is of the upmost importance in a country that basically relies on natural resources like hydropower, oil and gas as well as fisheries and aquaculture.”

 

Bridging the gap

It’s in this space between knowledge and business that Technoport seeks to make a difference. Our 2015 conference will attempt to awaken the entrepreneurial mindset in Norway’s researchers, students, and others working in the “knowledge economy”, to help bridge the gap between great research and commercial success. Technoport CEO Gøril Forbord explains:

“Our goal is to stimulate innovation locally, nationally and internationally. We promote discussion about innovation and arrange conferences and events where people can meet. That’s it, simply because we believe innovation will happen when people meet. We can help to further develop Trondheim’s technology sector by innovating ourselves to create better arenas for networking and facilitate more connections between academia and business.

“One thing we can’t lose sight of is the needs of the individual entrepreneur. Technoport is funded by Governmental organiations and large businesses, but it’s important for us all to remember it’s people, not organisations, that create innovation.”

Discuss what’s next for Trondheim

Join us in Trondheim, Norway, on 18 & 19 March as we seek to awaken the entrepreneurial mindset at Technoport 2015.


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