Nordic Venture Capital Challenge

Project 2022 - 2023 Active

Nordic Venture Capital Challenge is a competence program to help emerging managers in the Nordics set up their first fund and a platform to share venture capital best practices across the different investment ecosystems in the region.

The ambition in this project is to work with 60 new funds in the next 3 years that will invest in 900 companies in the region in the next decade.

Goals of the project:

  • Consolidate the program into a Nordic initiative
  • Develop tools and guidelines to help more funds in the Nordics classify as article 8 and 9 funds according to SFDR
  • Develop a recruitment process that guarantees gender balance in the program

Project partners

Startup Norway


The project is a funded under the Circular Business Models program which is one of the eight initiatives launched by the five Nordic ministers of trade and industry. The initiatives represent a determined advance towards a stronger and more sustainable Nordic region and support the vision for the Nordic region to be the most sustainable and integrated region in the world by 2030. They are also important steps in the quest to make Nordic business and industry green, circular, and carbon-neutral in line with the vision.

Read more about the Circular Business Models program


If you are interested to participate in the program or become a partner, please contact:

Virginia E. Vegas, e-mail:, phone: +47 940 83 633