Notodden Utvikling AS (NUAS)

What Notodden Utvikling AS (NUAS) does

Notodden Utvikling AS (NUAS) is a municipal business development company wholly owned by Notodden kommune in Telemark, Norway, operating as an independent aksjeselskap since 1992. The organization functions as the official næringsselskapet (business development company) of the municipality and provides free advisory services to entrepreneurs, startups, and established businesses in or relocating to the Notodden region. Services span startup guidance, business development, financing assistance, networking, legal help (2–3 hours with an attorney), marketing advice, and the provision of free office space for up to six months, delivered through direct in-person consultations and online enquiry forms.

NUAS does not operate a software or technology platform; its core technology footprint is limited to a content website (nuas.no) and standard social channels on LinkedIn, Facebook, and Instagram. The underlying "platform" is a service-delivery architecture organized around a small team of named advisors — John Terje Veseth (CEO/Daglig leder), Amalie Haugen Røimål (Senior Consultant, joined December 2025), and Thomas Åmot (Project Manager & Business Developer) — supported by a deep partner network that includes Innovasjon Norge, Telemark Næringshage, Telemark Utviklingsfond, Proventia, Gründernettverket, and Sparebanken DIN Telemark.

NUAS generates no commercial revenue from the businesses it serves. All services are provided free of charge, and the company is funded through municipal allocations from Notodden kommune and returns from a dedicated næringsfond (business development fund). Telemark fylkeskommune also provides indirect support through regional development programs. The go-to-market model is sales-led at the local level — direct outreach through events (Gründeruka, Gründerkafé, breakfast meetings, 'Se til Notodden' job fair, Kapital- og kompetansedag), partner referrals, and the website — targeting a hybrid customer base of individual entrepreneurs, NAV-supported founders, SMBs in transition or growth, and the broader Notodden business community.

Name

Notodden Utvikling AS (NUAS)

Legal name

Notodden Utvikling AS

Website

https://nuas.no

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Notodden Utvikling AS (NUAS) is a municipal business development company wholly owned by Notodden kommune in Norway, providing free advisory, financing guidance, networking, and office space to entrepreneurs, startups, and established businesses in the Notodden region.

Ownership category

akta.pro rank

Headquarters

HQ city

Notodden

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Municipal funding and næringsfond (business fund): NUAS is a publicly funded municipal business development company owned by Notodden kommune. It operates using returns from a dedicated næringsfond (business fund). The company provides free services to entrepreneurs and businesses and does not generate revenue from commercial transactions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

NUAS provides free business development and advisory services to entrepreneurs and established businesses in the Notodden region of Norway. Its offerings include startup guidance, financing assistance, networking facilitation, business development consulting, help finding premises and land, legal aid hours, and marketing support. The "Start i Notodden" program bundles specialist consulting hours, free office space for up to 6 months, and access to courses and events for new businesses. All services are funded municipally and delivered free of charge.

Product overview

Notodden Utvikling AS (NUAS) is a municipal business development company offering a comprehensive suite of advisory and support services for businesses. The company provides guidance, financing, networking, business development, premises assistance, legal help, and marketing services. Their primary service program 'Start i Notodden' offers free startup guidance including specialist consulting hours, office space, and networking opportunities. All services are delivered through a platform of service offerings rather than a software product architecture.

Differentiator

Problem solved

Functional benefit

Products and services

• Veiledning (Guidance and Consulting)

Quantifiable outcome

• Optime Subsea grew from 4 founders in a small Notodden premises to 167 employees delivering internationally to major oil and gas operators.
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• Sparebanken DIN TelemarkminorGTM or Marketing Partner · 1 January 2025Sparebanken DIN Telemark is a local bank that 'burns for people being able to realize their entrepreneur dreams.' They co-present at events like Gründeruka 2025 and provide banking advice to entrepreneurs referred by NUAS.
• GründernettverketcoreStrategic or Co-development PartnerGründernettverket (The Gründer Network) connects entrepreneurs at various stages and across different industries. It facilitates founding teams, meetings, and processes, and follows up development processes. At Gründernettverket, you are not alone. NUAS collaborates with this network to provide peer support and structured development for startups.
• ProventiacoreStrategic or Co-development PartnerProventia is an innovation company that helps founders and other idea holders commercialize new unique business ideas in Telemark. Through an incubator program, clients receive help from A to Å. NUAS works closely with Proventia and refers clients to their specialized services and vice versa.
• Telemark NæringshagecoreStrategic or Co-development PartnerTelemark Næringshage (Telemark Business Garden) assists with development projects, strategic network connections, and financing opportunities. They help businesses with whatever needs they have. NUAS collaborates closely with Telemark Næringshage on shared clients and regional initiatives.
• Telemark UtviklingsfondcoreStrategic or Co-development PartnerTelemark Utviklingsfond (Telemark Development Fund) aims to contribute to growth and development in Telemark, with emphasis on projects and measures that support long-term positive population and business development. They are a key financing partner for regional businesses.
• Innovasjon NorgecoreStrategic or Co-development PartnerInnovasjon Norge (Innovation Norway) works with value-creating business development. They have one office day per month at Notodden Utvikling. Businesses can present their ideas on such days. NUAS facilitates these sessions and refers clients to Innovasjon Norge's national services.
• Telemark fylkeskommunecoreStrategic or Co-development PartnerTelemark fylkeskommune (Telemark County Municipality) has various subsidy schemes available for businesses to apply for, covering both business development and cultural schemes. They also fund NUAS indirectly through regional development programs.
• SIVA (Selskapet for industrivekst SF)minorStrategic or Co-development PartnerSIVA has 50 years of experience with industrial development and is a central cooperation partner for industrial companies seeking growth and transformation. They are listed as a cooperation partner on NUAS's website.
• OslofjordfondetminorStrategic or Co-development PartnerOslofjordfondet finances projects that contribute to solving challenges in the region. The goal is to create growth and new opportunities through research and development. Listed as a cooperation partner.
• Norges ForskningsrådminorStrategic or Co-development PartnerInstitutions, companies, and organizations can apply to the Research Council of Norway for funding for research and development. Listed as a cooperation partner for directing clients to R&D funding.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Midt-Telemark og Nome Utvikling: Municipal business development entity covering Midt-Telemark and Nome municipalities. Listed as an event co-organizer with NUAS, performing a structurally similar næringsutvikling function in an adjacent Telemark geography.
• Rjukan Næringsutvikling: Municipal business development company serving Rjukan/Tinn in Telemark. Co-organizes regional events with NUAS and performs the same municipal næringsutvikling role in an adjacent municipality.

Direct peers

• Telemark Næringshage: Regional business garden (næringshage) serving Telemark with development projects, strategic network connections, and financing support. Directly comparable to NUAS as a Telemark-based business development and incubation entity that NUAS explicitly partners with on shared clients.
• Proventia: Innovation company and incubator based in Telemark that helps founders commercialize new business ideas A–Å. Closely comparable to NUAS as a regional commercialization partner with bidirectional client referrals.
• Gründernettverket (Telemark): Founder network (gründernettverk) operating across industries and stages in Telemark, connecting founding teams and following up development processes. Directly comparable to NUAS as a peer support and structured development layer for entrepreneurs in the same region.

Broad incumbents

• SIVA (Selskapet for industrivekst SF): Norwegian state-owned industrial development company with 50 years of experience supporting industrial growth and transformation. Listed as a cooperation partner on NUAS's website and provides the broader industrial development context within which NUAS operates.
• Innovasjon Norge (Innovation Norway): Norwegian government's national innovation and value-creating business development agency. NUAS partners with Innovasjon Norge to host monthly office days and refer clients to its national programs, operating as a local funnel into a broader national mandate.

Others

• Telemark Utviklingsfond: Telemark regional development fund that contributes to long-term positive population and business development by supporting growth projects. Functions as a financing ecosystem partner to NUAS rather than a direct service peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NotoddenUtvikling
• LinkedInlinkedin.com/company/notodden-utvikling-as-nuas
• Instagraminstagram.com/notoddenutvikling

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Notodden Utvikling AS (NUAS)