As part of Technoport 2015 on the evening of 18 March, four startups will get the opportunity to present their ideas on stage in front of a live audience, competing not just their favour, but for their investment too. The audience is invited to buy available shares in the companies, giving the general public the chance to become an investor.
Halvor Wold from AssiTech AS knows what it takes to succeed:
“We raised almost NOK 600,000 ($100,000) during last year’s event. It was a crucial part of our subsequent share issue that gave us the capital to further develop our AssiStep product.”
AssiTech is developing a new tool that will make it safer for the elderly and disabled to climb stairs. They were recently named one of the 20 most promising startup companies for 2015 by leading Norwegian technology magazine Teknisk Ukeblad.
“Taking part in the crowdfunding event was very important for us because the production of AssiStep is costly. Moreover we got into “smart money”, meaning that money has come from business people and investors with a large network. This provides new opportunities,” says Wold, who is the CEO and co-founder of AssiTech AS.
Wold believes crowdfunding is here to stay and believes it is a very effective way to reach out to many stakeholders simultaneously.
Hubro Education is a spin-off from the Norwegian University of Science and Technology (NTNU) in Trondheim. The five former NTNU students have developed Hubro Business Simulation to supplement the teaching of economics and accounting. The simulator offers students the opportunity to manage businesses and compete against each other in a virtual marketplace, and to win they must put academic theory from the curriculum into practice. It is web-based and flexible, which means it can be adapted to different finance and accounting topics.
Telemotix have developed a mini computer, Telemotix TAG, which collects information about driver speed, acceleration, braking and more, to build an overall picture of how safe a driver is. This is intended to make car insurance cheaper for motorists and for insurers to avoid the most risky drivers. The company is about to begin a pilot project with one of Scandinavia’s largest insurance companies.
Vepak have developed a prototype machine to automate the filling of 40-litre bags with firewood. The innovation they have developed can pack a sack five times as fast as by hand and just as accurately. The developers have a background in mechanical engineering and mechatronics, as well as personal knowledge from the firewood industry. Vepak is starting to sign agreements with pilot customers.
Kybernesis plan to start a separate company for Corp Wars, a new gaming universe. Be a city-builder, general, explorer, trader, saboteur, anything you want! By connecting several popular genres, a broad range of gamers can play Corp Wars just the way they like.
Stay tuned to be first to hear when the crowdfunding campaigns go live.
The Live Crowdfunding Experience is part of the Technoport 2015 conference. Join us in Trondheim, Norway, on 18 & 19 March as we seek to awaken the entrepreneurial mindset.