Advisory Panel for Innovation Norway
Tin alongside four others were selected for for an advisory panel regarding a proptech company. Tin served as the “academic alibi” for the panel, as the other were heavier on the practice or industry side of it. All the panelists signs an NDA before proceeding.
The panelists consisted of
Tin Phan, NMBU/research.
Henrik Taubøll, Proptech Norway/real estate industry.
Thor “Totto” Henning Hetland, Totto/computer science or programmer.
Arne Tonning, Alliance VC/venture capital.
The initial meeting for such a proceeding, starts with a Teams meeting, containing these steps:
30 min: The applicant(s) + one of their pilot clients presents and defends their business case.
60 min: The panelists gets to question the clarity or validity of the business case directly to the applicant(s).
60 min: The applicants now exists the room so that the panelists can freely give their verdict. Here, Innovation Norway heeds the experts’ advice and makes up their own mind.
The panelists drafts a evaluation report which will be used internally at Innovation Norway and will not be publicised.
Innovation Norway is the Norwegian Government's most important instrument for innovation and development of Norwegian enterprises and industry. Innovation Norway conducts advisory panels when processing large and demanding applications for grants. The panel advises on both the applicant and Innovation Norway on further work with the project. The panel usually consists of three to five people with particular expertise in the technology area, the industry and the market the application concerns. Through the process, Innovation Norway obtains a third-party assessment of the project to ensure the quality of the decision on the application. Note that the panel only gives advice, they do not decide the matter. The final decision is made by Innovation Norway.
