All the company setups in which Simula has been involved have been quite different, each with its own particular history. Simula’s business relates to ICT and it is in this area that they can provide particular expertise.
Simula is host to a number of innovation activities, such as the commercialisation company Simula Innovation ASS (SI), the Certus Centre, which is a Centre for Research-based Innovation (SFI), and the Simula Garage, a breathing Space and meeting place for entrepreneurs.
Based on the conclusion in the report the leader of SI will within the mandate of the board make a decision on investment and participation in the company.
In order to evaluate suitable candidates for investment, Simula considers the technical aspects of the product as well as the company’s commercial risk and business opportunities. When evaluating an investment opportunity, Simula considers Problem and Solution, Product market potential, Business model, Team, and technology.
Simula can offer to invest in promising entrepreneurial ventures. The goal of Simula Innovation is to provide a framework to support the creation of companies, including management of IOR, legal assistance, and assistance with grant proposals and attracting funding and investors.
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