Innovation Norway is a state-owned company and a national development bank. It was formed in 2004 through the merger of four governmental organizations. These organizations were:
- The Norwegian Tourist Board
- The Norwegian Trade Council
- The Norwegian Industrial and Regional Development Fund (SND)
- The Government Consultative Office for Inventors (SVO)
The company goal is to promote nationwide industrial development with focus on both the business economy and Norway's national economy. It also has the goal of releasing the potential of the different districts and regions in Norway by contributing to innovation, internationalisation and promotion. They have offices in all the Norwegian counties, with the head office in Oslo. It also has offices in 30 countries around the world. Previously they operated Visitnorway.com which won three Webby Awards in 2009.
The company has over 500 employees worldwide and has supported maritime transportation, biotechnology, thin film, alternative fuel and many other types of projects.
The evergreen investment company Investinor was established in 2008 as a wholly owned subsidiary. Investinor's mandate is to invest in private companies aiming for international growth and expansion. In December 2012 the ownership was transferred to the Ministry of trade and industry.
Fake news about “Sommarøy”
The summer of 2019 they produced a fake news story about Sommarøy where they claimed the island should be without official time-zone. The news story propagated world wide.
- Press release Webby Awards
- "Innovation Norway employees". LinkedIn. Retrieved 2012-02-18.
- Tudem, Ulf (2012-02-13). "Marine Design: Air Supported Vessels Impress". MarineLink. Retrieved 2012-02-18.
- "Targovax Secures NOK 13 Million Series A Funding for TGO1 Pancreatic Cancer Vaccine Development". Targovax. 2012-02-01. Retrieved 2012-02-18.
- Chai, Cameron (2012-02-13). "Thin Film, PARC Receive FlexTech Alliance Award for Printed Non-Volatile Memory Device". AZoNetwork. Retrieved 2012-01-18.
- "UK teams up with Norway for £2m biofuels projects". BusinessGreen. 2012-01-10. Retrieved 2012-02-18.
- Larsen, Martin Hall (2019-06-06). "Øysamfunn vil kvitte seg med tiden: – Klokken skaper bare stress". NRK (in Norwegian Bokmål). Retrieved 2019-06-26.
- Larsen, Martin Hall (2019-06-25). "Klokkeløse Sommarøy lurte «hele» verden". NRK (in Norwegian Bokmål). Retrieved 2019-06-26.
- Nikel, David. "Norway's 'Time-Free' Island Was Just An Elaborate PR Stunt". Forbes. Retrieved 2019-06-28.
- "Norwegische Staatsbehörde verbreitet Fake-News, um Tourismus anzukurbeln". stern.de (in German). 2019-06-26. Retrieved 2019-06-28.