- Access to finance
- response to COVID-19
- Fostering innovation
- Support of companies' growth
- Support of SMEs
- Territorial coordination
SIVA (Selskapet for industrivekst)
SIVA (The Industrial Development Corporation of Norway)
Available to small and medium-sized enterprises (SMEs).
Businesses using one of SIVA's services and programmes, including incubators and business gardens, are exempted from the usual rule of having to fund at least 25% of the investment themselves from March 2020.
SIVA - The Industrial Development Corporation of Norway - is a governmental corporation founded in 1968. It is owned by the Norwegian Ministry of Trade and Industry and aims to develop strong regional and local industrial clusters through facilitating a national infrastructure for innovation consisting of incubators, business gardens, catapult centres, innovation enterprises, innovation centres and industrial real estate. SIVA is part of the national incentive structure for innovation, alongside Innovation Norway and the Norwegian Research Council.
The goal is to improve national infrastructure for innovation. SIVA's main objective is to contribute to the achievement of the Norwegian government’s policy goals in remote areas, and within this framework contributes to unleash innovation capability and increase wealth creation in all parts of the country.
SIVA operates within four areas:
- As a professional property developer, SIVA develops ways in which industrial premises can be adapted to regional needs. This reduces some of the risks faced by new companies, and reduces their capital expenditure.
- SIVA is also engaged in multiple-use premises; here, it develops activities that aim to facilitate synergy among companies.
- SIVA owns and establishes incubators together with several industrial companies, and runs a national programme for incubators.;
- SIVA is a shareholder in a number of strategic investment and development organisations. Its goal here is to increase employment levels and enable business opportunities to emerge.
The SIVA structure is made up of 40 business parks, 33 incubators, five Catapult centres, 74 innovation companies and 40 real estate companies.
In response to COVID-19, SIVA funding increased by NOK 40 million (€3.8 million).
- National funds
Funding. SIVA is a state enterprise - it is 100% owned by the state, and it is financed with state budget.
County municipalities' involvement may include initiatives to new projects, participation in pilots and partial funding. From 2020, the regional governments (fylkeskommunene) formally commission the incubator and business garden programmes.
Employer or employee organisations
Not directly involved, but they will lobby for issues such as funding.
SIVA cooperates with Innovation Norway, the Research Council of Norway, and a number of regional partnership organisations, universities and research institutions.
SIVA fosters a large innovation system. More than 1,500 stakeholders, including private investors, industrial and financial corporations, companies, universities and other important R&D institutions, participate in its activities. SIVA functions as an exchange for sharing approaches to industry and innovation. SIVA services more than 5,000 companies, and is a partner in more than 70 innovation companies, 40 real estate companies, and is present at more than 130 locations (SIVA, 2019). In total, more than 5,000 Norwegian companies currently benefit from SIVAs programmes, access to networks, competence or facilities.
As mentioned above, SIVA operates in four areas, where one of them involves properties. This part of the scheme was evaluated in 2015 (Menon 2015). The evaluation covered the following questions:
- is property development relevant in order to facilitate innovation;
- is the business well governed, organised and run;
- has SIVA reached its goals;
- is it profitable from a socio-economic point of view.
In short, the conclusions of this evaluation were:
- the development of a more professional property industry in Norway during the last 10 years has reduced the need for property investments as a public measure, but parts of the country and types of properties where commercial actors are absent still exist;
- SIVA is mainly well governed, organised and run, but it lacks an exit-strategy on investments. Also, synergy effects between the property part of its business and innovation part has been important, but not big enough;
- SIVA is profitable in a socio-economic perspective.
This scheme was evaluated in 2010, and the findings were mainly positive. It showed that SIVA contributes positively both to develop infrastructure (property) and foster innovation. It also found that there was a demand for the services it provides. The scheme was also evaluated in 2015 which showed, as indicated above, that SIVA is well governed, organised and run and profitable in a socio-economic perspective.
Funds do not always meet demand; greater funding is required in areas such as participation in regional partnerships and fostering innovation.
See above under 'effectiveness' when it comes to weaknesses of the property area of SIVA.