Evaluation of Investinor

Description

The objective of the agreement is to provide the Ministry a better basis for further follow-up of Investinor and the application of business policy measures aimed at access to capital for companies in their early phase. The evaluation shall provide a holistic assessment of the company’s various mandates and roles, individually and as a whole, including the measures aimed at different phases and the collaboration with, and interface to, other participants in the public policy measure system. There is a principal question whether Investinor's activities are suitable for improving the access to the market’s early-stage capital for Norwegian companies. To the extent that the situation described by the Capital Access Committee has persisted and indicates market failure, the evaluation should consider the degree of the failure. Lot 1: Investinor is an investment company that manages six mandates on behalf of the Norwegian state. The company was established in 2008 with a mandate to invest directly in early-stage companies. In 2019, the Storting decided that the company should be given a new mandate for fund and matching investments and undertake the management responsibility for three investment schemes from Innovation Norway. The objective of the agreement is to provide the Ministry a better basis for further follow-up of Investinor and the application of business policy measures aimed at access to capital for companies in their early phase. The evaluation shall provide a holistic assessment of the company’s various mandates and roles, individually and as a whole, including the measures aimed at different phases and the collaboration with, and interface to, other participants in the public policy measure system. There is a principal question whether Investinor's activities are suitable for improving the access to the market’s early-stage capital for Norwegian companies. To the extent that the situation described by the Capital Access Committee has persisted and indicates market failure, the evaluation should consider the degree of the failure.