We support university startups with millions in funding

We are awarding NOK 26 million to companies founded by master's and PhD students. Each company will receive up to NOK 1 million to support further development and growth.
En mann som viser fram en strømpe med blåskjell foran Operabygningen i Oslo.
One of this year's recipients of STUD-ENT funding, Urban Ocean develops services that help restore urban marine areas by cleaning the water. Polluted fjords near cities are found worldwide, and the company sees significant potential to expand its services. Here, August Borge Harbo is holding a mussel sock cultivated in the inner Oslofjord.
© Håvard Kroken Holme, UiB

'Helping more young Norwegian students choose to start their own business is one of the most important things we do,' says our CEO, Håkon Haugli.

- Norway needs more promising start-ups that can scale and create value for their owners and for the country. It is inspiring to see some of Norway's brightest students choosing to become entrepreneurs! This is vital, and we will do everything we can to help them succeed.

Sharp increase in the number of applicants

This year, competition was tougher than it has been for some time, with the number of applicants rising by almost 50 per cent. Applications came from 14 different universities and university colleges, showing that the whole country is involved in creating new, innovative start-ups. Companies at more institutions than before are receiving grants. NTNU continues to lead the way with the highest number of STUD-ENT recipients, but the funding has been awarded across nine universities and university colleges.

'It is very encouraging to see more students becoming aware of this opportunity. Starting a business is incredibly tough and takes a great deal of work. This kind of support can help entrepreneurs focus on their projects. It is also very important for Norway that more innovative companies emerge,' says Minister of Trade and Industry Cecilie Myrseth.

This year's winners

To apply, you must be registered as a student at a Norwegian university or university college. We received 60 applications from 14 educational institutions and invited 38 applicants to pitch their projects to us. Everyone who receives support from STUD-ENT is also offered a mentor funded by us.

A brief introduction to this year's companies, in alphabetical order:

ACTENTIAL AS (NTNU): Develops technology that can predict epileptic seizures

AFTAB DIGITAL (NMBU): Technology that reduces the time required for stormwater analysis

ARCTIC PROTEIN INDUSTRIES AS (NTNU): Industrialising insect production to meet the aquaculture industry's need for sustainable protein

BELAY AI AS (NMBU): Optimises safety and performance on climbing walls using AI and machine vision

CAPIPRO AS (NU): Produces polychaete worms, a sustainable marine feed ingredient, using farmed sugar kelp and fish sludge

COGNITIONHUB AS (NTNU): Uses AI to automate customer service for small and medium-sized enterprises

EAGLE AI AS (NU and UiT): Uses satellite data to develop a tool that helps fishers locate fish more easily and sustainably.

EASYPLAY AS (Oslo Met): Aims to make everyday life easier for sports organisations, improve access to sports facilities and make clubs more sustainable

ESGNATURERISK NILSSEN (NMBU): Provides detailed risk analyses of how businesses and supply chains affect nature.

ESTUS AS (NTNU): Delivers next-generation software for YouTubers using data analytics and AI

F&Z SOLUTIONS AS (NTNU): Develops an unmanned surface vessel for environmental monitoring of water resources

HHS ROBOTICS AS (UiT): Developing an intelligent, autonomous pallet truck to improve efficiency and minimise heavy and hazardous manual logistics work

LAPPE AS (HVL): Has developed an innovative platform that connects users with local tailors for clothing repairs and alterations

LEXI AI AS (UiO): Democratises legal services, making the law understandable and accessible through accurate, fast and scalable legal AI

MADSEN ENERGY SOLUTIONS (UiA): Developing an AI-powered calculation tool for investing in energy efficiency measures

MEDISINDAGBOKA AS (UiT): Provides digital services that improve patient safety by supporting medicine users, their families and healthcare professionals

NOAQ AS (Oslo Met): Develops solutions for land-based aquaculture in closed-containment systems

OHOH HOLDING AS (UiO): Developing ViscoGain, a viscosupplementation product for orthopaedic applications

OSLO ANALYTIC AS (Oslo Met): Develops solutions that analyse and reduce the carbon footprint of companies' digital activities

PARAL DYNAMICS AS (UiA): Developing an algorithm to help people with diabetes achieve more stable blood glucose levels

REITEN INNOVATIVE BUSINESS DEVELOPMENT (UiO): Developing a platform to improve construction site safety using machine vision and sensors

SEAWIZ AS (NTNU): Combines segment data and real-time data to identify differences between shipping companies and their operations

SIMCLUS AS (NTNU): Makes fluid dynamics analysis accessible to companies without specialist expertise

URBAN OCEAN AS (UiB): Works to restore damaged urban marine ecosystems

VU MUSIC SERVICES (NTNU): Enmo unlocks the potential of batteries by developing a smart AI-powered control system

WEPOST AS (NTNU): Uses proprietary methods and generative AI to help B2B companies automate engaging social media content

Companies can get help to move forward

Projects that did not secure a STUD-ENT grant can develop their idea through our other funding schemes. For example, you can apply for a grant to assess the market through the scale-up and startup centre. Our advisors can then consider your application alongside other funding schemes and support your project and company as they develop.

Published 3 May 2024Last updated 6 May 2024
This page is translated with the assistance of AI