Siva

What Siva does

Siva SF — Selskapet for industrivekst (The Company for Industrial Growth) is a Norwegian state-owned enterprise (statsforetak) established in 1968 and headquartered in Trondheim. Fully owned by the Ministry of Trade, Industry and Fisheries (Nærings- og fiskeridepartementet), Siva operates as a national policy instrument for industrial development and innovation infrastructure. The company combines two interlocking business lines: (1) a self-financing industrial property business managing a portfolio valued at NOK 3.84–5+ billion across approximately 40–45 buildings and 280,000–300,000 square meters, with a 92% occupancy rate and a five-year average return of 5.69% above the required 5.28%, and (2) government-subsidized innovation programs including ownership stakes in 61–65 innovation companies, Norwegian Catapult (4 national centers and 8 regional nodes), Norwegian Innovation Clusters, and the Grønn plattform (Green Platform) initiative.

Siva's core offerings span industrial property development, innovation infrastructure management, and national program administration. The company does not develop software or technology products. It deploys patient public capital into industrial builds and parks — including Morrow Battery Factory 1 (30,000+ sqm, Arendal), the REEtec rare earth facility (Herøya), the Finnfjord administration building (NOK 200M, Senja), Kunnskapssmia (NOK 200M, Bømlo), and Haugaland Næringspark (NOK 250M, Gismarvik) — lowering capital barriers for industrial establishment in regions where private risk capital is insufficient. The innovation network reaches over 9,000 businesses through 36 incubators, 38 business gardens, and cluster programs.

Siva's revenue model is hybrid: innovation activities (incubator programs, business gardens, Norwegian Catapult, cluster programs, ownership in innovation companies) are funded by government subsidies from the national budget allocated through the assignment letter from Nærings- og fiskeridepartementet, while the property business is self-financing through lease revenue with mandated return requirements. Siva Eiendom Holding AS reported an operating result of NOK 142 million in 2025 (down from NOK 167 million in 2024). The company serves industrial tenants, startups, SMEs, municipalities, county councils, and research institutions across Norway. Go-to-market is direct: through its 61 innovation company touchpoints, catapult centers, property investment team, and partnership with county councils that co-fund regional programs.

Name

Siva

Legal name

Siva SF - Selskapet for industrivekst

Website

https://siva.no

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Short description

Siva SF is a Norwegian state-owned enterprise that builds and manages industrial property and innovation infrastructure across Norway. It deploys public capital into industrial parks, co-funds 61 innovation companies, and administers national programs including Norwegian Catapult and the Grønn plattform, serving industrial tenants, SMEs, municipalities, and cluster partners.

Ownership category

akta.pro rank

Product category

Industrial Development Infrastructure

NAICS

Management of Companies and Enterprises (55111)

SIC

Real Estate (6500), Investors, Nec (6799)

akta.pro primary industry

Economic Growth, Livelihoods & Private Sector Development (BPADAEAE)

Keywords

• Industrial property development
• Innovation infrastructure programs
• Business incubation services
• Industrial development funding
• National innovation clusters

Headquarters

HQ city

Trondheim

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Innovation Activities (Subsidized): Siva's innovation activities (incubator programs, business garden programs, Norwegian Catapult, cluster programs, ownership in innovation companies) are funded by government subsidies from the national budget. This is not commercial revenue but public funding allocated through the assignment letter from Nærings- og fiskeridepartementet.
2. Property Operations (Self-financing): Siva's property business is self-financing and has requirements for economic return. Revenue comes from leasing industrial buildings, innovation centers, and commercial properties across Norway. The property entity Siva Eiendom Holding AS delivered an operating result of NOK 142 million in 2025.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Siva is a Norwegian state-owned enterprise that develops, owns, and finances a national infrastructure for industrial growth and innovation. Its core offerings include industrial property development and leasing (a NOK 3.84-5+ billion portfolio), ownership stakes in 61 innovation companies providing business development services to SMEs, the Norwegian Catapult scheme (testing/simulation facilities across 4 national centers and 8 nodes), the Norwegian Innovation Clusters program, and the Grønn plattform green transition funding initiative.

Product overview

Siva – Selskapet for industrivekst (The Company for Industrial Growth) is a Norwegian state-owned enterprise that develops, owns, and finances a national infrastructure for innovation and business development. The company operates a multi-product portfolio consisting of: (1) Ownership stakes in 61 innovation companies across Norway, (2) Norsk katapult program with 4 national catapult centers and 8 regional nodes offering testing/simulation facilities, (3) Klyngeprogrammet (Norwegian Innovation Clusters) with NIC Connect, NIC Explore, and NIC Impact levels, (4) Grønn plattform green funding initiative administered jointly with Forskningsrådet and Innovasjon Norge, (5) Eiendomsforvaltning managing a 3.84 billion NOK real estate portfolio with ~40 buildings, and (6) Eiendomsinvesteringer making direct property investments in industrial projects including Morrows Batteries, REEtec, Finnfjord expansion, Kunnskapssmia, Forskningsparken Tromsø, and Haugaland Næringspark. The infrastructure supports businesses across all of Norway with networks, partners, expertise, and facilities.

Differentiator

Problem solved

Functional benefit

Brands

• Norwegian Innovation Clusters: A cluster program in collaboration with Innovation Norway and Research Council of Norway, consisting of three levels: NIC Connect, NIC Explore, and NIC Impact.
• Norsk katapult

Products and services

• Eierskap i innovasjonsselskaper (Ownership in Innovation Companies)

Quantifiable outcome

• Companies in Siva's incubator and business garden programs generate higher value creation than comparable companies not in the programs, after three years — confirmed by SSB evaluation.
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Haugaland Næringspark (Gismarvik)coreStrategic or Co-development Partner · 11 December 2025Siva invested NOK 250 million in Haugaland Næringspark at Gismarvik — Norway's largest fully zoned industrial area. The park is owned by five municipalities (Karmøy, Haugesund, Tysvær, Vindafjord, Bokn) and benefits from a 420kV substation under construction by Statnett. Siva's investment is split in two tranches to accelerate site preparation and industrial infrastructure.
• Innovasjon NorgecoreStrategic or Co-development PartnerInnovasjon Norge is the operator of the Norwegian Innovation Clusters program, a collaboration with Siva and Forskningsrådet. Innovasjon Norge manages the program on behalf of Nærings- og fiskeridepartementet and Kommunal- og distriktsdepartementet. The program includes NIC Connect, NIC Explore, and NIC Impact levels, supporting clusters across Norway.
• Forskningsrådet (The Research Council of Norway)coreStrategic or Co-development PartnerForskningsrådet co-manages the Grønn plattform initiative alongside Innovasjon Norge and Siva, distributing funding for green research and innovation projects. Forskningsrådet also partners with Siva on Norwegian Innovation Clusters and Norwegian Catapult programs.
• Norwegian Catapult NetworkcoreStrategic or Co-development PartnerNorwegian Catapult is a national scheme managed by Siva on behalf of Nærings- og fiskeridepartementet, in close collaboration with Innovasjon Norge and Forskningsrådet. It comprises 4 national catapult centers and 8 regional catapult nodes across five technology areas, providing testing, simulation, and visualization facilities for Norwegian industry.
• Consto ASminorImplementation/ SI/ Consulting PartnerConsto AS was the construction partner for several Siva property projects, including the new administration building at Finnfjord (as general contractor) and the fourth expansion of Forskningsparken Tromsø (as a cooperative construction partner in a cooperative project agreement).
• Veidekke Logistikkbygg AS / Veidekke Bygg AgderminorImplementation/ SI/ Consulting PartnerVeidekke companies served as the general contractor for Morrow Battery Factory 1 at Eyde Energipark, constructed for Siva Eyde Eiendom AS.
• Grønn Byggallianse (Green Building Alliance)minorStrategic or Co-development PartnerSiva is a member of the Green Building Alliance, a membership organization for the entire value chain in construction and real estate. The alliance's purpose is to make environmental and sustainability considerations the obvious choice in Norwegian construction. Siva has completed the Green Building Alliance's 1-20 Quick Measures from the Real Estate Sector's Roadmap to 2050.
• County Councils (Fylkeskommuner)coreStrategic or Co-development PartnerSiva receives assignment letters from multiple county councils (e.g., Agder, Akershus, Buskerud, Finnmark, Innlandet, Møre og Romsdal, Nordland, Oslo, Rogaland, Telemark, Troms, Trøndelag, Vestfold, Vestland, Østfold) that fund the business garden and incubator programs in their respective regions.
• 61 Innovation Companies (Sivastrukturen)coreStrategic or Co-development PartnerSiva holds ownership stakes in 61 innovation companies across Norway, ranging from 1.11% to 46.60%. These companies provide business development services to startups and SMEs throughout the country. Examples include Kunnskapsparken Bodø AS, Norinnova AS, Kongsberg Innovasjon AS, and Oslo Cancer Cluster Incubator AS.
• Norwegian Property Association (Norsk Eiendom)minorStrategic or Co-development PartnerSiva uses Norsk Eiendoms miljøavtale (environmental agreement) as the standard in all lease agreements for its property portfolio, as part of its commitment to sustainable property management.
• StatnettcoreStrategic or Co-development PartnerStatnett is building a 420kV transformer station at Haugaland Næringspark (ready 2028), providing the substantial power capacity required for large-scale industrial establishments. This is a prerequisite for major industrial tenants at the park.
• Invest in NorwayminorGTM or Marketing PartnerSiva worked closely with Invest in Norway to identify and evaluate the most attractive industrial opportunities for the Haugaland Næringspark investment, ensuring alignment with internationally marketable industrial propositions.

Scale indicators16 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Innovasjon Norge: Norwegian state agency for innovation and business development. Direct peer: co-administers Norwegian Innovation Clusters and Green Platform with Siva; operates complementary innovation funding instruments and serves overlapping startup/SME customer segments.
• Forskningsrådet (Research Council of Norway): Norwegian national research funding agency. Direct peer: jointly manages Green Platform (NOK 644.5M), Norwegian Innovation Clusters, and Norwegian Catapult with Siva; comparable mandate distributing public funding to industry-research collaborations.

Broad incumbents

• Entra ASA: Major Norwegian commercial real estate company (OSE-listed). Comparable in property asset management scale and Norwegian footprint, though focused on office rather than industrial real estate and operating on commercial (not policy) returns.
• Norwegian Property ASA: Norwegian commercial real estate company focused on prime office assets in Oslo. Comparable in portfolio-based real estate operations within Norway, but narrower in scope (no industrial / innovation infrastructure).
• Bane Nor Eiendom: Real estate subsidiary of Bane NOR, the Norwegian state-owned railway infrastructure entity. Comparable as another Norwegian state-owned real estate operator with nationwide footprint and focus on transit-adjacent development.
• Statkraft: Norway's state-owned renewable energy company and a major European power generator. Comparable as a large Norwegian state-owned enterprise executing strategic infrastructure investments under a policy mandate, though operating in energy rather than property/innovation.
• Hafslund: Norwegian state-owned utility group (power grid, district heating, fiber). Comparable as a Norwegian state-owned enterprise with regulated returns and infrastructure-investment mandate, though in energy/network sectors rather than industrial property.
• Avinor: Norwegian state-owned airport operator managing 43 airports. Comparable as a Norwegian state-owned enterprise operating national infrastructure under policy mandate with capital-intensive asset base.
• Posten Norge: Norwegian state-owned postal and logistics group. Comparable as a Norwegian state-owned enterprise operating nationwide infrastructure with mandate-driven (not purely commercial) priorities.

Others

• OBOS: Norway's largest housing cooperative and a major residential real estate developer. Adjacent comparison in Norwegian real estate scale and nationwide footprint, though operating in housing rather than industrial/innovation property.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SivaNorge
• LinkedInlinkedin.com/company/siva-sf
• Xx.com/siva_sf

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries24 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siva