What Måløy Vekst does

Måløy Vekst AS is a privately held Norwegian regional development company founded in January 2018 and headquartered in Måløy, Norway. It operates as a membership-based organization owned by approximately 90 local and regional businesses together with Kinn municipality, functioning as the unified convening body and collective voice for business and community development in the Måløy region. Its shareholders collectively employ 3,000–4,000 people and report combined annual turnover exceeding NOK 15 billion, though this aggregate belongs to the shareholders, not to Måløy Vekst itself.

The company's core offering is a community-led development platform built around events, networking, and project facilitation. Core activities include breakfast meetings (Frokostmøter), flagship industry conferences such as the Fishery and Aquaculture Conference co-organized with Vestland County Municipality, the weekly Mandagsmøte podcast, and recruitment and youth-engagement programs including the Måløy U40 network and Måløytreff recruitment events held in Bergen and Ålesund. Supporting entities include Måløy Vekst Fiber, a wholly-owned subsidiary providing business-grade broadband through collective procurement, and Måløy Adventure, a tourism destination arm operated under a new operational agreement. The technology layer is modest, centered on a website, social media channels (Facebook, Instagram, LinkedIn), newsletter distribution, and the Spotify-hosted podcast.

Revenue is generated primarily through membership fees and shareholder contributions on a recurring basis, supplemented by event-related co-funding from public-sector partners such as Kinn municipality and Vestland County Municipality. The company employs five full-time staff as of January 2025 and is governed by a five-member board chaired by Erlend N. Kvalheim, with Frank Willy Djuvik serving as CEO (Dagleg leiar). Måløy Vekst is not venture-backed, has not disclosed funding rounds, and does not report revenue publicly; it functions as a membership-funded economic development entity rather than a venture-scalable technology business.

Name

Måløy Vekst

Legal name

Måløy Vekst AS

Website

https://maloyvekst.no

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Måløy Vekst is a Norwegian regional development company founded in 2018 that convenes approximately 90 member businesses and Kinn municipality to drive business growth, recruitment, and community development in the Måløy region through events, networking, and project facilitation.

Ownership category

akta.pro rank

Headquarters

HQ city

Måløy

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Membership fees and shareholder contributions: Revenue is generated through membership and shareholder contributions from approximately 90 businesses and Kinn municipality. Members receive access to networking events, speaking opportunities for industry concerns, and recruitment assistance.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Måløy Vekst AS is a membership-based regional development organization owned by approximately 90 local businesses and Kinn municipality, delivering business networking, project facilitation, recruitment support, and collective advocacy for the Måløy region. It runs events including breakfast meetings, industry conferences, and the Mandagsmøte podcast, and operates the Måløy Vekst Fiber broadband service and the Måløy Adventure tourism initiative as value-additions for the regional business community.

Product overview

Måløy Vekst operates as a unified regional development organization rather than a modular platform. Its core offering centers on business development, community building, and economic growth facilitation for the Måløy region. The portfolio includes Måløy Vekst (core organization), Måløy Vekst Fiber (broadband services for businesses), Måløy Adventure (tourism management), and Måløy U40 (youth networking). Supporting activities include the Mandagsmøte podcast, Fiskeri- og havbrukskonferanse (fisheries and aquaculture conference), and projects focused on recruitment, green transition, and infrastructure initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Måløy U40: A network for people under 40 who work, live, or want to settle in Måløy. Organizes meetings, company visits, inspiration evenings, and other social gatherings.
• Måløy Vekst Fiber

Products and services

• Måløy Vekst Membership Membership-based regional development service for businesses and public actors in the Måløy region. Provides access to networking events (breakfast meetings, industry conferences), recruitment support, project guidance, marketing through social media and website, and collective advocacy for business interests. Members include ~90 local enterprises and Kinn municipality.
• Måløy Vekst Fiber Business-owned fiber broadband service providing enterprises in the Måløy area with high-capacity internet access at favorable prices through group purchasing arrangements. The network is provider-independent and supports Ethernet LAN/LAN connections. Technically operated by partner Local Host.
• Måløy Adventure Tourism destination management initiative focused on developing sustainable tourism and creating memorable experiences in the Måløy region, with emphasis on local value creation and cruise tourism.

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Vestland County MunicipalitycoreStrategic or Co-development Partner · 1 January 2025Co-organizer of the annual Fishery and Aquaculture Conference with over 130 participants from across the coast.
• Måløy AdventurecoreStrategic or Co-development PartnerMåløy Vekst holds a new operational agreement with Måløy Adventure to strengthen community and business development in the region. Måløy Adventure is a subsidiary focused on sustainable tourism development in Måløy.
• Studiesenter Kysten (Coastal Study Center)coreStrategic or Co-development PartnerPartnership to make higher education accessible for people living and working in Måløy. Anne-Stine Meland serves as competence coordinator. A student hub operates in Måløy Vekst's office space.
• Local HostcoreTechnology or IntegrationLocal Host is responsible for the technical operation of Måløy Vekst Fiber, the business fiber network. They are also represented on the board of Måløy Vekst.
• Hub for OceancoreStrategic or Co-development PartnerStrategic collaboration agreement with Hub for Ocean in Kinn for circular growth initiatives. Both organizations are working together on sustainable ocean industry development.
• Kinn MunicipalitycoreStrategic or Co-development PartnerKinn Municipality is a shareholder and owner in Måløy Vekst AS, working together on regional development initiatives including infrastructure projects like Stad Skipstunnel.
• Måløy Vekst FibercoreStrategic or Co-development PartnerA separate limited company owned by Måløy Vekst that provides fiber internet services to businesses in Måløy at favorable prices through collective purchasing.
• Grønn Region Vestland (Green Region Vestland)minorStrategic or Co-development PartnerMåløy is one of the green 'hubs' in this county-wide project focused on green transition, where companies can connect, share resources, and develop new green value chains.

Scale indicators4 records

Recent moves13 records

Expansion highlights6 records

Others

• KS (Kommunesektorens organisasjon): Norwegian Association of Local and Regional Authorities. Comparable because Måløy Vekst's co-ownership by Kinn municipality puts it within KS's member ecosystem of municipal employers delivering local development services.
• Norsk Industri: Federation of Norwegian Industries, an employer/industry association within NHO. Comparable in offering advocacy, networking, and recruitment support to industrial member firms, a role that overlaps with Måløy Vekst's industry-development remit.
• Connect Norge: Norwegian cluster accelerator that links SMEs, investors, and R&D partners. Comparable because it operates within the same Norwegian cluster/regional development ecosystem that Måløy Vekst participates in via Hub for Ocean and Grønn Region Vestland.
• Sjømat Norge (Seafood Norway): Industry and employer association for the Norwegian seafood sector. Overlaps with Måløy Vekst's core shareholder base (Coast Seafood, Ervik Group, Selstad, Fiskevegn), making it a sector-level counterpart for the same aquaculture/fishery constituency.

Broad incumbents

• NHO (Næringslivets Hovedorganisasjon): Main confederation of Norwegian employers and business associations. Comparable to Måløy Vekst because it provides collective advocacy, networking, and policy influence for member firms, the same value proposition Måløy Vekst delivers at a regional level.
• Innovasjon Norge (Innovation Norway): Norwegian state-owned innovation and development agency. Comparable to Måløy Vekst because it funds and convenes regional business-development, cluster, and entrepreneurship programs, though at a national rather than single-municipality scale.
• SIVA (Selskapet for Industrivekst): Norwegian state-owned industrial-real-estate and innovation-infrastructure company. Comparable as an organizer of incubation hubs, cluster programs, and infrastructure that supports regional SMEs, similar to Måløy Vekst's convening role for local companies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/maloyvekst
• Facebookfacebook.com/maloyvekst
• LinkedInlinkedin.com/company/mw-international
• Instagraminstagram.com/maloyvekst

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

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 Måløy Vekst