TheFactory has worked actively with fintech startups since 2015 and was named the best accelerator programme at the Nordic Startup Awards.
“We must promote cooperation at the Nordic level,” says Chairman Ingar S. Berntsen of TheFactory.
“We run our accelerator programme two to three times a year. We also have an incubator and a large network with more than 100 mentors, 35 active angel investors and many partners from strong finance, technology and consulting environments,” says chairman and principal organiser Ingar S. Bentsen of TheFactory.
So far, TheFactory has invested in 13 companies, several of which are on the verge of introducing new products and services to the market. Several of these companies have international potential.
Provides access to capital
“We established TheFactory because we saw a great opportunity to help financial technology entrepreneurs get on their feet and succeed, but the necessary structures and access to capital to realise the projects were lacking. Now, we are well on our way to developing exciting and viable companies,” says Bentsen.
TheFactory has also established Oslo Fintech Hub in collaboration with ICT Norway, the Oslo Business Region and entrepreneurs – all of whom are represented on the steering committee.
“Oslo Fintech Hub aims to strengthen collaboration between those involved, where meeting places and conferences will be the driving force. This initiative distinguishes itself from TheFactory, which has a sharper purpose, but the overall aim of both initiatives is to stimulate success with our fintech ventures,” says Hans E. Bentsen.
Oslo Fintech Hub has established international relations with corresponding environments in Stockholm, Copenhagen and Helsinki. Finance Innovation in Bergen is also a collaboration partner.
“We must promote collaboration at the Nordic level if we are to succeed with global commercial initiatives, and we are well on our way,” says Bentsen.
Facts / TheFactory
- Established in 2015.
- Named the best Norwegian accelerator programme in 2017.
- Selected startups receive up to NOK 500,000 in direct financing.
- In addition, the companies are given access to software and consulting on legal issues, technology and financing.
- Promoter of Oslo Fintech Hub.