Fredrikstad Innovasjonspark

What Fredrikstad Innovasjonspark does

Innovasjonsparken is a commercial real estate innovation hub located on Ullandhaug in Stavanger, Norway, operated by Smedvig AS (org #990 524 599). Founded in 1994-1995 and originally named Innovasjonspark, the park rebranded in February 2025 to Innovasjonsparken and currently spans six active buildings housing over 150 tenant companies and approximately 1,400 on-site workers across aquaculture, energy, technology, food, healthcare, archives, and research verticals. Distinct sub-brands anchor specific verticals: HelseCampus Stavanger (healthcare innovation with UiS, SUS, Norway Health Tech, and SAFER), Havets Hus (aquaculture cluster home to the Stiim network of 100+ companies), Måltidets Hus (food innovation with food testing facilities), and Arkivenes Hus (15,000 sqm BREEAM Excellent-certified archive building designed by Lund+Slaatto). Sustainable infrastructure includes an own geothermal plant operated by Ullandhaug Energi AS (54 wells, 200m deep, 5.1 million kWh/year delivered in 2023) and the Noova real-time energy monitoring system.

The business model is subscription-based commercial real estate leasing with tiered pricing: incubator desks at 2,000 NOK/month (requires Validé program enrollment), coworking desks at 3,000 NOK/month, single offices at 5,000 NOK/month, double offices at 9,000 NOK/month, and custom labs, teaching spaces, data centers, and archives priced on request. Validé, an embedded incubator with 30 years of history, evaluates ~500 ideas and admits ~50 new companies annually, providing the startup pipeline. Distribution is direct B2B leasing through property managers Erik Sirevaag (Eiendomssjef) and Merethe Svensen (Eiendomsforvalter), supplemented by website inquiry forms, facility tours, and the Validé program channel. Tenant engagement is driven by community events (ULLTRA Festival, Eat Think & Innovate, Gladmat markets), the Life@Work tenant app, and newsletter communications. The operating geography is regional (Rogaland, Norway), with no global footprint claim.

Name

Fredrikstad Innovasjonspark

Legal name

Smedvig AS

Website

https://innovasjonsparken.no

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Innovasjonsparken is a Stavanger-based innovation park operated by Smedvig AS, housing 150+ companies and 1,400+ people across six buildings in aquaculture, energy, health, technology, food, and research sectors. It provides tiered coworking, offices, labs, and incubator programs via partner Validé.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Innovation Park Services

NAICS

Office Administrative Services (5611), Administrative and Support Services (561)

SIC

Services-Facilities Support Management Services (8744), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Workplace Technology & Smart Office Support (Room Booking Systems, IT/AV Liaison) (IMAIALAK)

akta.pro secondary industries

Space & Occupancy Services (Move/Add/Change, Seating, Wayfinding) (IMAIALAF), Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Commercial real estate leasing
• Innovation park services
• Coworking office solutions
• Business incubation programs
• Cluster collaboration spaces

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Leasing: The primary revenue model is commercial real estate leasing. They offer various office solutions including flexible desks, single offices, double offices, dedicated offices, and custom-fit spaces. Rental models include Incubator (2000 NOK/month for flexible desk), Coworking (3000-5000 NOK/month), and Custom (price on request). Additional revenue comes from meeting room rentals, lab and testing facilities, and parking services.
2. Incubator Programs: Validé incubator participation requires enrollment in one of Validé's programs. The incubator option includes advisory services and support alongside workspace.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Innovasjonsparken operates a commercial innovation park on Ullandhaug in Stavanger, providing flexible office solutions (flexible desks, single offices, double offices, dedicated offices, and custom-fit spaces) to more than 150 tenant companies across six buildings. The park also rents meeting rooms, laboratories, testing facilities, data centers, and parking, and operates the Validé incubator program that combines advisory services with workspace. Facilities include BREEAM-certified buildings served by a 54-well geothermal energy system.

Differentiator

Problem solved

Functional benefit

Brands

• Havets Hus: Building dedicated to aquaculture and seafood industry innovation, housing 30 companies in the sector.
• Måltidets Hus
• Arkivenes Hus
• HelseCampus Stavanger
• Life@Work

Products and services

• Incubator Workspace (with Validé Advisory)
• Coworking Workspace
• Custom Office and Specialized Space Leasing
• Meeting Room and Event Venue Rental
• Parking Services
• Validé Incubator Program
• Geothermal Heating and Cooling Supply (via Ullandhaug Energi AS)

Quantifiable outcome

• Energy savings of 371,000 kW/h through efficiency measures
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Stiim Aqua ClustercoreStrategic or Co-development Partner · 1 January 2021Stiim plays a central role in building a strong and inspiring aquaculture environment in Innovasjonsparken. Over 100 companies collaborate in the cluster. Havets Hus was established for this purpose with 30 innovative companies in aquaculture and seafood.
• ValidécoreStrategic or Co-development PartnerValidé is the incubator operating in Innovasjonsparken with over 25 years of experience developing companies from idea to commercial success. They evaluate around 500 ideas annually and admit 50 new companies to their incubator programs each year. Validé and Innovasjonsparken share a common history dating back 30 years.
• University of Stavanger (UiS)coreStrategic or Co-development PartnerThe University of Stavanger's Faculty of Health Sciences (Det helsevitenskapelige fakultet) moved into Innovasjonsparken in autumn 2025, creating HelseCampus together with the hospital and other health actors. 1000 nursing students now study on campus.
• Helse Stavanger (SUS)coreStrategic or Co-development PartnerHelse Stavanger (Stavanger University Hospital) is part of HelseCampus collaboration in Innovasjonsparken, working with Norwegian Health Tech, Validé and other health suppliers to develop patient-centered solutions.
• Ungt EntreprenørskapminorGTM or Marketing PartnerPartner in entrepreneurship education and promotion within the innovation park ecosystem.
• Energy Transition Norway (ETN)minorStrategic or Co-development PartnerEnergy cluster with Arena Prostatus working on renewable energy projects and green transition solutions. Part of the energy ecosystem in Innovasjonsparken.
• Ullandhaug Energi AScoreOthersOwn energy company providing geothermal heating and cooling to the innovation park. The system includes 54 wells, each 200 meters deep, delivering 5.1 million kW/h of geothermal energy annually.
• Compass GroupminorOthersOperates food courts and restaurants in the park including VOLA (pizza), Kojachi (Asian street food), Krisp (salad bar), and Hav a Java coffee bar.
• Safer (Stavanger Acute Medicine Foundation)minorStrategic or Co-development PartnerHealthcare simulation and training center established in collaboration between Stavanger University Hospital, UiS, and Laerdal Medical AS. Located in HelseCampus for emergency medicine education and research.
• Norway Health TechminorStrategic or Co-development PartnerHealth technology organization working with companies in HelseCampus. Smart Care Lab, a testing facility for commercial health technology solutions, is associated with this partnership.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fredrikstad-innovasjonspark

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Fredrikstad Innovasjonspark