On March 17, BAN launched Nordic Angel Forum, a training program for investors in collaboration with Blender Collective and Innovatum Startup. This program was aimed to enhance the capital access to the entrepreneurial ecosystem in Norway and Sweden providing tools and information to prospective investors on how to find better investment opportunities and greater returns. The program was funded by Fredrikstad municipality, Vestra Götalandsregionen and EU Interreg. 20 investors signed up to the Nordic Angel Forum free of charge.
Nordic Angel Forum was conducted in a hybrid format and the program content was delivered in 4 sessions. During the introductory session investors from Norway and Sweden got an introduction to what it means to be an angel investor, how to build a portfolio of investments and establish collaboration with other angel investors. Investors also analyzed a startup business model, team and market potential and were granted access to our investors relations platform CrowdWorks and to the startup evaluation platform notata. This first hybrid session was led by Chairman of the Board Åsmund Johan Mandal and General Manager Jørn Lein-Mathisen from Business Angels Norway.
During the second session, 8 startups from Norway and Sweden showcased their business in front of our investors: Carjoy, Eventwood, LearnInHub, Leid, MedThings, NSS Water Enhancement Technology, Herbox and PQM Systems. Using our startup evaluation platform Notata investors selected 4 startups that were invited to participate in Nordic Angel Forum-Demo Day. Our third session focused on law and finance and was delivered by our partners Andreas Dypvik, from Advokatfirmaet Consilium and Cecilia Hesslen representing Advokatfirman dNovo.
Nordic Angel Forum-Demo Day
Finally, Nordic Angel Forum-Demo Day took place on April 7th in Strömstad hosted by Innovatum Startup with the participation of Carjoy, NSS Water Enhancement Technology, Herbox and Leid. During the program, investors not only got an introduction to the due diligence process, on how to create contracts and agreements and learned new investment methods, but also had the opportunity to meet other investors and exchange their experiences. Business Angels Norway Is committed to facilitate programs aimed to support the development of the entrepreneurial ecosystem in Norway.