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Government
forskningsradet.no

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Investments

11

Portfolio Exits

3

About Norges Forskningsråd

Norges Forskningsråd, The Research Council of Norway, is a national strategic and funding agency for research activities, and a chief source of advice on and input into research policy for the Norwegian Government, the central government administration and the overall research community. The Research Council of Norway is divided into five divisions: Science, Energy, Resources and the Environment, Society and Health, Innovation and Administration. The Executive Board is the Research Council's highest authority.

Headquarters Location

Drammensveien 288

Oslo, N-0283,

Norway

+47 22 03 70 00

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Latest Norges Forskningsråd News

RTLS Real Time Location System Leader Sonitor Technologies Selected to Receive Major Research Innovation Grant by The Research Council of Norway

Feb 21, 2017

Dr. Christine Faulkner awarded Consolidator Grant from the European Research Council Sonitor Technologies Inc., a global leader in indoor positioning technologies, announced today that The Research Council of Norway (RCN – www.rcn.no ) has selected Sonitor Technologies and MazeMap ( www.mazemap.com ) as one of the winners in the latest round of research innovation awards. http://www.forskningsradet.no/no/Nyheter/Forskningsradet_har_delt_ut_900_millioner_til_innovasjon_i_neringslivet/1254024689778/p1174467583739 This funding award recognizes the world-class innovative power of both companies in the field of indoor positioning. The goal of the project is to develop a new generation of indoor positioning technology that will place accurate and cost -effective 3D positioning in everyone’s hands. To achieve this, both companies will work collaboratively with leading research groups at the University of Oslo led by Professor Sverre Holm and Associate Professor Jan Kenneth Bekkeng. “We’re very excited to partner with MazeMap and collaborate with the University of Oslo on this project and honored to be selected by RCN,” said Wilfred Booij, CTO at Sonitor Technologies. “By combining Sonitor’s proprietary ultrasound indoor positioning expertise and technology with MazeMap’s indoor maps and wayfinding expertise, we have the unique opportunity to bring next generation, innovative 3D positioning to consumers in many markets.” About Sonitor Technologies, Inc. Sonitor is the leading developer and provider of unique, ultrasound-based indoor positioning technology that locates people and items in real time with reliable, high definition accuracy within complex indoor environments. Sonitor has developed the healthcare industry’s most advanced open integration RTLS platform, Sonitor Sense™, a wireless system which supports a wide range of applications to make hospital operations more efficient. Sonitor is selected by world-class partners to build industry-leading solutions for global deployment. For more information please visit www.sonitor.com . About The Research Council of Norway The Research Council of Norway serves as the chief advisory body for the Norwegian government on research policy issues. It distributes roughly nine billion Norwegian Kroner (NOK) (approximately 1 billion US Dollars) to research and innovation activities each year and works to promote international cooperation and increase participation in the EU framework program on research and innovation. The Research Council creates meeting places and provides a platform for dialogue between researchers, users of research and research funders. View source version on businesswire.com: http://www.businesswire.com/news/home/20170221006302/en/ Dan Conley

Norges Forskningsråd Investments

11 Investments

Norges Forskningsråd has made 11 investments. Their latest investment was in Nanopower as part of their Grant on November 11, 2022.

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Norges Forskningsråd Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/1/2022

Grant

Nanopower

$0.58M

Yes

1

4/24/2020

Grant

Bio-Me

$2.16M

Yes

1

4/25/2019

Grant

Soundsensing

$0.11M

Yes

2

2/21/2017

Grant

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10

2/21/2017

Grant

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10

Date

11/1/2022

4/24/2020

4/25/2019

2/21/2017

2/21/2017

Round

Grant

Grant

Grant

Grant

Grant

Company

Nanopower

Bio-Me

Soundsensing

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Amount

$0.58M

$2.16M

$0.11M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

2

10

10

Norges Forskningsråd Portfolio Exits

3 Portfolio Exits

Norges Forskningsråd has 3 portfolio exits. Their latest portfolio exit was Nykode Therapeutics on October 07, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/7/2020

IPO

$99M

Public

2

7/1/2016

IPO

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$99M

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10

11/18/2013

Acquired

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$99M

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10

Date

10/7/2020

7/1/2016

11/18/2013

Exit

IPO

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

Public

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Sources

2

10

10

Norges Forskningsråd Team

1 Team Member

Norges Forskningsråd has 1 team member, including former Chief Financial Officer, Jostein Sexe.

Name

Work History

Title

Status

Jostein Sexe

Chief Financial Officer

Former

Name

Jostein Sexe

Work History

Title

Chief Financial Officer

Status

Former

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