If you’re leading a Research and Development (R&D) firm that’s experiencing significant growth, you may soon be looking to expand overseas. While it’s an exciting prospect, choosing the country to have a presence in can be challenging.
Oslo, Norway. Licence: CC0
Oslo, Norway. Licence: CC0
Norway is a prime candidate for all your R&D development needs. Your ambitions can have a second home here, with many of them being carefully nurtured through the country’s mix of encouraging shared attitudes and goals with the UK. There are natural crossover elements here that you can take full advantage of to facilitate your firm’s evolution.
Consequently, here are some of the finer points as to why Norway is the perfect setting for your R&D expansion.
Tailored Supply Services
Some collaborative partners will continue to trade with you once the expansion has been carried out, giving you a flexible business relationship.
UK-based companies like Banelec provide electrical control systems to Norway, enabling a smooth transition for your automation needs on foreign soil. They’ll also take the time to understand your specific ideas and objectives and tailor the provision of their technological goods accordingly. If your R&D firm makes good use of automation, this company can make your efforts much more effortless.
Obviously, your firm will benefit from utilising existing business relationships to the full. Instead of starting over in Norway, you can instead strengthen existing ties.
Collaborative Reputations
Expanding your R&D firm overseas may lead to concerns about whether your company will resonate abroad like it does at home. To ease the transition somewhat, it may be best to have a presence in a country that has an affinity with your home turf.
In 2019, it was reported that Norway was the UK’s most significant research collaborator in the EU and was second only to the United States globally. There is robust cooperation in the areas of health, environment, climate change, and biotechnology, which means that expanding your R&D firm here could be a hugely positive step forward.
While it might seem tempting to expand to unfamiliar territory, there’s a chance your mission won’t quite resonate with customers, investors, and clients. However, the situation in Norway means you can hit the ground running with your company’s development, instilling you with confidence as well.
Worldly Values
Your R&D firm needs roots in a country that actively invests in R&D. Not only this, but they need to do this in a fashion that speaks to the world, rather than a select group of elite businesses.
In recent years, Norway has been revered for its contributions to sustainability, leading the world in several environmental initiatives. The people are along for the ride too, living by the concept known as ‘friluftsliv’, which translates to ‘open-air life’. If you’re hoping to run a sustainable R&D firm (and you should), then Norway has an enraptured audience that’s ready to be impressed and get onboard.
There’s a mood and momentum here that your R&D business would do well to tap into. Suppose your firm’s efforts can be a part of one of Norway’s most crucial national efforts. In that case, it will develop an essential status of sorts within the country’s economic and industrial stage. You wouldn’t be quietly simmering the way in the background but potentially making history.
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