Oslo Innovation Week Showcases Scalable Climate Solutions

Core Insights - Oslo Innovation Week 2025 attracted 15,000 participants from various sectors, focusing on climate action through research and entrepreneurship [3] - Oslo's annual venture capital has surged 13 times since 2014, reaching $650 million in 2024, driven by interests in clean technology, maritime technology, and life sciences [4] Company Highlights - Norwegian Mycelium (NoMy): Winner of the Oslo Innovation Award 2025, NoMy transforms food industry waste into mycoproteins using AI-driven fermentation, recently raising €1.25 million for commercialization [6][9] - Avisomo: Innovating modular vertical farming to reduce waste and costs in fresh produce supply chains, Avisomo secured €5.2 million in funding to develop its indoor farming solutions [11][12] - Agoprene: Developed a sustainable seaweed-based foam alternative to petroleum-based products, recently launching automated production after receiving a grant of $81,900 from the EU [15][17] - Brim Explorer: Offers hybrid electric boats for sustainable tourism, with plans to expand its fleet and promote environmental awareness through its Ocean Ambassador Program [20][24] - Telescope: An AI-driven platform that assesses climate risks for real estate, raised €3.7 million to enhance its services, providing localized risk assessments [25][28][30] Industry Trends - The focus on sustainability is evident as companies like NoMy and Agoprene address environmental impacts in food production and materials [6][15] - The rise of vertical farming solutions like Avisomo indicates a shift towards reducing carbon footprints in agriculture [11][12] - The maritime sector is adapting to sustainability demands, with Brim Explorer leading the way in eco-friendly tourism [20][21] - The financial sector is increasingly recognizing climate risks, as highlighted by Telescope's innovative approach to risk assessment [26][27][29]