There is a need for competent early stage equity capital in the Nordic market place. When a startup company has come through its initial period of development and sales, funding for expansion are hard to come by. With Finland as an exception, there are no market place for early stage investors and growth companies to meet in the Nordic region – but with a shared population of 25 million people, the Nordics has the potential of being an interesting market place.
This is what the project NordicBAN aims at: To create a web based innovation exchange, where investors and young innovative growth companies can meet on a virtual floor.
The project’s goal is to engage 200 investors and 100 innovative growth companies in four different groups in the exchange. The project also wishes to bring in three major Nordic corporate companies, as well as arranging physical arenas for the investors and growth companies to meet.
Project status
As of May 2015, Nordic BAN has gathered investment cases and investors from the partners, established an infrastructure and launched a pilot. The formal opening of Nordic BAN is planned in November 2015.
Project partners:
Norway:
CONNECT Norway (Project Manager)
Sweden:
CONNECT Sweden
Denmark:
CONNECT Denmark, Startupbootcamp Scandinavia
Finland:
FiBAN
Website: www.nordicban.net
