Cavai AS was founded in December 2017 with the goal of revolutionizing online advertising. User experiences have largely been neglected on the web, and Cavai saw early on that chatbot technology, which has initially been used in customer service, could be a wonderfully good advertising product. Usually, chatbot technology is used as customer service on its own website, while Cavai's platform is built to be able to use chatbot technology on millions of websites for contextual advertising. The team today consists of 15 people, and the product has been launched in Norway, Finland, Sweden and the UK with 50 paying customers. Customers are very pleased and report that Cavai's technology is having a very good effect on completed advertising campaigns. Cavai will have its first month of positive operating results in October and looks to have sales of around 3 million in 2019. Next year will be a big growth year, where we have budgeted with a turnover of NOK 41 million. This growth has also been discussed by Finansavisen, where as part of Finansavisen's web-TV series "Vext", Cavai filmed his meeting with advertising legend Sir Marting Sorell in London. For more information, see https://finansavisen.no/vext/tech/2019/10/23/7465643/chatbot-company-cavai-2020-blir-the-store-growst>  To finance further growth, we are now running a seed funding round of NOK 9.5 - 15 million. The company is priced at NOK 60 million pre-money. For more information see the investor summary, investor presentation and subscription form attached.

Misc Games is a game developer based in Stavanger – Norway, with several collaborators around the world. We make games for PC/Consoles. Misc Games aims at developing unique games for various niche markets. We treat developers like human beings and video games like art rather than toys. Everyone at Misc Games has a strong passionate for video games and that’s why we want to evolve the industry into something better. We want to develop games mostly for the more mature and educated gamers.

Biim is a global medical company developing low-cost portable and pocketable ultrasound devices that connect to IOS and Android interfaces. Biim is entering the commercial stage with both FDA and CE approvals in place. The company has signed a 3-year distr. agreement with AngioDynamics worth a minimum of 20 million USD. Year-to-date revenue has exceeded more than 2.4 million USD. The company has secured a credit facility of 4 million USD with DNB. Biim is raising up to 9 million USD for the development of two new probes and to expand the global footprint to more than 30 countries.

The Founder Institute is the world’s premier startup launch program for talented entrepreneurs. If you are up to the challenge, our comprehensive step-by-step program will give you the structure, mentor support, and network of entrepreneurs you need to start an enduring company. Based in Silicon Valley and with chapters across 60 countries, the Founder Institute's mission is to "Globalize Silicon Valley" and build sustainable startup ecosystems worldwide.

Software is eating education. Technology is used to modernise education. TERP has redefined the concept of a book by making it interactive. In its easiest form interaction can be films and animations integrated in a book. Tests and feedback on learning is one step further. In its most complex form, interaction is customised books generated for each reader, based on mapped preferences used as input in algorithms. The first book using this technology will have 114,000 potential versions. The TERP technology is not only redefining the concept of a book. It is interrupting the value chain in the industry. The technology provides a new and dynamic way of distribution. Competitors trying to copy the technology, not only has to figure out the code, they must change the way of doing business.

Game-changing technology for structural integrity monitoring. The Ferrx FEMM (Ferrx ElectroMagnetic Method) has been developed and tested for 2 decades, first by SINTEF and since 2005 by Ferrx. The method has provided unique features for the condition monitoring of steel structures. Material deterioration can be directly measured and early warning of risk for fatigue can be established long before any crack is detectable. Furthermore, the same sensors can also measure changes in metal loss, and thus provide for non-intrusive monitoring of internal corrosion and erosion in pipes. During the last years, instrumentation technology has been industrialized and the first commercial systems have been delivered and installed. Different types of instrumentation systems are available both for onshore and offshore/subsea applications. The industrialization, marinization, and production of the instrumentation systems are being done in cooperation with the most specialized suppliers. Ferrx is an independent company located in Trondheim, Norway with the business idea to provide the FEMM technology for different onshore and offshore markets to monitor the actual condition of steel structures and thus prevent loss of assets and pollution of the environment. The FEMM is protected by 2 patents and all rights are vested in Ferrx. The system for riser inspection has been qualified by DNV-GL in accordance with DNV-RP-A203 Technology Qualification.

AnsuR solves globally applicable challenges related to photo and video communication in mobile radio and satellite networks. Visual data constitutes over 70% of all Internet traffic, and as sensor resolution increases, the need for communication bandwidth increases correspondingly. The AnsuR software system RAIDO can reduce the bandwidth requirements by 99% via unique solutions to the fundamental challenges. Advanced Computer vision solutions with deep learning at being developed. RAIDO is also a Big Data communication solution, suitable for large sensor populations and the Internet of Things (IoT). RAIDO is certified for use in mobile satellite systems, where the challenges are particularly challenging, but everyone has also experienced bad mobile cell phone coverage. AnsuR makes critical information available to remote users. In drones and autonomous aerial vehicles and surface vessels, the ability to communicate camera content independently of the terrestrial infrastructure is key. RAIDO can also solve problems with large emails and documents due to images and graphics and provide Super-light Interactive Documents, showing the ability to transform how we communicate visual data. AnsuR has based its first years since the start of operations in 2006 on research and innovation, has currently sold the key products to representative customers for list price, and is ready to ramp up activities, marketing, and sales efforts. Both technology and market are proven. AnsuR has about 15 employees in hi-tech software engineering, located in Oslo and Barcelona. The company is currently self-funded and has not yet taken any investments. The shareholders are basically the founders and the employees.

VENTURE FACTORYVenture Factory was founded in the fall of 2012 in Oslo, Norway with a straightforward goal: turning ideas into business. Our core competence is e-commerce, technology, and performance marketing. We use our skills to start new companies together with strategic partners, other entrepreneurs, or within our own organization. Since then we’ve involved ourselves in a range of ideas. Some have blossomed and turned into prosperous businesses, while others have been challenging and ultimately put to rest. We believe our understanding of technology and online marketing combined with a unique domain insight is the recipe for success and therefore we partner up with entrepreneurs or larger corporations to pursue new business opportunities. Our portfolio consists of a mix of businesses. Some are consultancies where external clients benefit from our competence and others are tech or e-commerce ventures that we have started alone or together with partners. Do you have a great idea you want to discuss with us? Please email us at contact@venturefactory.noVenture Factory offices are located centrally in Oslo and our development team is located in Odesa, Ukraine. We are always on the lookout for great talent both in Odessa and Oslo, so email us at contact@venturefactory.no if you think you are a good match.

Bubbly is the most innovative and fastest-growing customer acquisition point. The device is a new revolutionary marketing and communication tool based on interaction: «The missing link» between retailers and customers! Bubbly captures: Forget about surveys with low conversion rates and meaningless mystery shopper data. Bubbly will effortlessly gather valuable, real-time information that allows you to understand your customer better. Bubbly gets personal: To increase customer satisfaction and loyalty you need to build personal profiles. Bubbly enables you to personalize your offers and customer communication. Bubbly boosts: The magnet in the room motivates people to sign up. Research shows that loyalty members spend 25% more. A day without a Bubbly is a lost sales day. Bubbly connects: Convert visitors to customers. Bubbly even connects you with feedback from visitors who did not purchase anything. With Bubbly up to 50% of the feedback comes from visitors.

We help: 🚀 Entrepreneurs build the foundation for a profitable scalable business and raise money from investors 🦄 We invest in B2B Post Revenue Nordic companies 💌 We continuously share knowledge via our channels and newsletter to empower the startup community. And we do much more. We are always on the move. We are a team of angel investors and startup advisors here to support entrepreneurs, CEOs and leaders reach new heights.

Evoy is an ambitious company with expansive growth. Our vision is to eliminate emissions from boats around the world and to make a vital contribution to the biggest challenge of our time, the climate crisis. Our core values are genuine, Innovative, Sustainable and Fun. Evoy develops and sells world-leading powerful electric propulsion systems for boats in the professional and leisure boat segment. We are building an organization and product portfolio that is making the transition from being regional to international. Our employees will experience the joy of building something relevant, unique, and electrifying. Our head office in Florø is situated in the innovations cluster Peak Florø. Peak Florø houses several companies that are investing heavily in the blue environmental shift and Evoy will contribute further to developing this environment. Florø is known for its idyllic location and proximity to fjords, mountains, and the sea. The beautiful archipelago is perfect to explore with Evoy's all-electric high-speed boat, Evoy1. We have good travel connections to Oslo and Bergen (Air and highspeed boat terminals). With Evoy, YOU can personally make a real difference in the fight to save our climate.

The world is getting urbanized and we need more and more resources to build and develop our cities. With this growth comes an increased pressure on natural resources. At the same time we have already have an impressive ''bank of materials'' available in the cities, namely in our buildings. By mapping and understanding the amount, quality and accessibility of these materials we can better plan for the future. We can decrease the pressure on new materials and create a circular building industry. AGAIN X provides a top down approach to mapping existing buildings, their content and status, by using aggregated data and machine learning. Our SaaS platform will give better KPIs(Key Performance Indicators) to real estate investors and managers. The KPIs will help them make more sustainable long-term decisions; better for their wallet and better for the planet.

Völur develops advanced AI models that optimize the use of raw materials in the meat industry, so customers create value by obtaining the most out of every animal and other scarce resources to satisfy market demand. Our disruptive tools are changing the meat industry from using traditional decision-making tools to using advanced AI models that recommend the most optimal and cost-effective production options

Data Gumbo provides industry with a trusted transactional network to automate contract execution for tomorrow’s leaders through GumboNet™, a massively interconnected blockchain network. With integrated real-time capabilities that power smart contracts, our network reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Headquartered in Houston, Texas, Data Gumbo has a subsidiary office in Stavanger, Norway. For more information, visit www.datagumbo.com or follow on LinkedIn, @DataGumbo and Facebook.

GreenStock’s cloud-based platform streamlines logistics for the reuse of building materials. Organisations can use the platform internally to map available materials in existing buildings and leftovers from building projects in a database for reuse in future construction projects. This will reduce carbon emissions as well as overall building costs. In future, GreenStock will be offered as a digital marketplace connecting buyers and sellers of reclaimed materials to reduce waste in commercial and residential construction projects. Concrete benefits Streamlined management of building materials can reduce construction waste, while cutting the costs associated with wasting new materials. GreenStock’s digital platform enables users to save materials, manage transport and storage, and gather documentation about the materials. It also provides data on the carbon reductions and financial savings generated through use of the platform. Materials that can generally be recycled from construction sites include steel and concrete elements, aluminium, untreated timber, cardboard, paint and plastics. Leftover materials may include complete products, such as doors, windows, insulation, flooring and technical equipment. Market potential GreenStock has completed development of the beta version of the platform and is testing it together with building developers. A fully developed solution for a public marketplace will be available by the end of 2020. The company is a member of NTNU Accel, an accelerator programme at the Norwegian University of Science and Technology (NTNU). GreenStock is targeting the Norwegian construction market which represent an annual revenue of NOK 466 billion (roughly USD 53.4 billion), Norway’s largest building suppliers which represent an annual revenue of NOK 29 billion (roughly USD 3.3 billion), as well as the home renovation market representing NOK 76 billion (roughly USD 8.7 billion). Around 10 per cent of materials from all building projects in Norway have the potential for direct reuse.