The start-up grant for commercialization is for start-ups that has "come a long way in the commercialization phase, which has a sustainable business model in place, and wants to expand further". The projects must also have a "significant growth potential in the international market, or contribute to a viable business community".
This describes Altered Power's situation perfectly, so it was an easy decision to apply for the grant.
With a mandatory contributing external investor in place, we were granted a full pot of NOK 750 000. The funds will be used to prepare for and carry out the production og the HYRE products. You can read more about the grant on Innovation Norway's pages.
More information on production and financing status will be available over the summer. The office is in full swing!
Have a great summer!