Opportunities for Norwegian scaleups in Germany

IMG 0929 1
Photo: Market Entry program by Canute

Published by Oslo Business Region, 30 January 2023

Efficient logistics hub, underground Berlin clubs and an old hanseatic alliance – our relations to Germany are many.

Innovation, digitalization, and sustainability are important drivers in the German economy, which is the biggest in Europe. Trade between our two countries has always been strong, and it’s no surprise that Germany is a top priority for many Norwegian scaleups.

Three scaleup facts!

  • Germany has one of the most groundbreaking technology ecosystems in the world, which has attracted people from all over the world. In Berlin, 40 percent of the workforce in startups and scaleups is international.

  • In 2022, 78 percent of investments into Oslo-based startups and scaleups came from international investors. Germany ranks as number five. According to Dealroom, there are 4400 investor firms with an HQ in Germany, meaning there is a huge potential for Nordic scaleups.

  • Since 2020, Norwegian scaleups like Oda, Celsia, Startup Migrants and Vogl have set up second offices in Berlin to scale their business.

Join us and other Nordic scaleups in Berlin

Are you scaling your company in the German market and interested in connecting to VCs in Berlin? Join our three-day market entry program, 26-29 June.

Read more here. (Applications are now closed)

OBR Market Entry Germany 2023 Canute 01