Medvind24

What Medvind24 does

Medvind24 Næringshage AS is a privately held Norwegian business incubator (næringshage) headquartered at Medvind-bygget, Haukelivegen 668, Ølensvåg, serving small and medium-sized businesses and entrepreneurs in Etne and Vindafjord municipalities. The organization was originally established as Vindafjord Næringshage, renamed Medvind Næringshage in January 2015, and rebranded to Medvind24 Næringshage in 2023 to reflect its broader regional scope and digital presence. It operates four physical locations (Ølensvåg, Etne, Sandeid, and Skjold) with a core staff of three (Managing Director Kari Aakra, Business Developer Morten Helland, and Project Manager / Business Developer Line Andersen), and is part of the national næringshage program funded through SIVA (Selskapet for industriell utvikling).

The company's product surface consists of office space and meeting room rentals (Kontor og møterom), free first-line startup advisory (Starthjelp), a catalog of paid courses and competence-building programs (Kurs og kompetanseheving), decentralized higher education delivered with Høgskulen på Vestlandet, project management for Etne Tomteselskap and Vindafjord Tomteselskap, and a portfolio of networking groups (leader network, women's board network, communications/marketing network, tourism network). Core technology is standard business software plus Google Analytics for web measurement; there is no proprietary platform or AI/ML product. Pricing is unit-based and small-ticket: courses range from 1,400 NOK (First Aid) to 26,000 NOK (HVL Responsible Applicant), with a 30% discount for member "target businesses" (målbedrifter), and a four-session growth program priced at 10,000 NOK per target business.

Revenue is generated through three streams: recurring office space rental, professional-services fees for courses and project management, and public-sector project funding via SIVA, Vestland Fylkeskommune, Rogaland Fylkeskommune, and the Norwegian Directorate for Higher Education and Skills. Go-to-market is community-led: a local website with news and event listings (medvind24.no), email newsletters, referral partnerships with Etne and Vindafjord municipalities, and a network of owner-companies whose representatives sit on the board (Omega AS, Hatteland Gruppen, SpareBank 1 Forretningspartner, Vindafjord kommune, Westcon AS, Omega 365 Property). The customer base is distributed across local SMBs and entrepreneurs, with project-based revenue moderately concentrated on public-sector counterparties.

Name

Medvind24

Legal name

Medvind24 Næringshage AS

Website

https://medvind24.no

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Medvind24 Næringshage AS is a Norwegian publicly funded business incubator operating four locations across Etne and Vindafjord municipalities, providing office space, startup advisory, courses, and project support to local small and medium-sized businesses and entrepreneurs.

Ownership category

akta.pro rank

Headquarters

HQ city

Ølensvåg

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Infrastructure

Revenue model

1. Office Space Rental: Medvind24 rents out office spaces and co-working facilities to small businesses and sole proprietorships in Ølensvåg, Etne, Sandeid, and Skjold locations.
2. Course and Training Fees: The organization charges fees for professional courses and competency-building programs offered to local businesses, with discounts for target businesses (målbedrifter).
3. Project Management Services: Medvind24 provides project management services for companies outside the business incubator program, including project leadership and marketing services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Medvind24 Næringshage is a community-led business incubator that provides office space and meeting room rentals, free startup advisory services, business development consulting, and professional training courses to entrepreneurs and small businesses in the Etne and Vindafjord region of Norway. It also manages municipal land development projects (Etne and Vindafjord Tomteselskap), runs networking groups, and partners with Høgskulen på Vestlandet to offer decentralized higher education programs locally.

Product overview

Medvind24 Næringshage is a multi-functional business development company that serves as a business incubator and advisory service for the Etne and Vindafjord region. Rather than a traditional software company, it provides a portfolio of services including office space rental (Kontor og møterom), startup advisory services (Starthjelp), local courses and competence development (Kurs og kompetanseheving), decentralized higher education partnerships with Høgskulen på Vestlandet, site development project management (Tomteselskap), various networking groups, and youth career programs. The organization functions as a hub connecting local businesses, entrepreneurs, and educational institutions to foster regional economic development.

Differentiator

Problem solved

Functional benefit

Products and services

• Kontor og møterom (Coworking Offices and Meeting Rooms) Office space rental and meeting room facilities for small businesses and sole proprietors at four locations in Ølensvåg, Etne, Sandeid, and Skjold, offering flexible workspace solutions.
• Starthjelp (Startup Advisory) Free first-line advisory services providing consultation for entrepreneurs across all phases, offering guidance for startups and new business ventures in the Etne and Vindafjord district.
• Kurs og kompetanseheving (Local Courses and Competence Development) Local courses and competence development programs offered throughout the year, including certified and non-certified training in first aid, travel expense rules, machine operation, business English, senior employee development, and Claude AI workshops, with 30% discounts for målbedrifter.
• Desentralisert utdanning (HVL) Decentralized higher education programs delivered locally in partnership with Høgskulen på Vestlandet, offering studies (e.g., responsible applicant, business English) with credits applicable toward a degree, including a 26,000 NOK HVL course (Ansvarlig søker).
• Tomteselskap (Site and Land Development Project Management) Project management services for Etne Tomteselskap and Vindafjord Tomteselskap, developing local land and site projects on behalf of the Etne and Vindafjord municipalities.
• Nettverkstjenester (Networking Groups) Various networking groups including leader networks, board networks for women, communications/marketing network, and tourism network, designed to foster professional connections among local businesses in Etne and Vindafjord.
• Karrierelaboratoriet (Career Lab) Career exploration program for 10th graders offering practical exercises across local businesses to explore different careers and trades in the district.
• Rulling med Russen (Ride with the Seniors) Annual program bringing high school seniors to local businesses to showcase career opportunities available in the Etne and Vindafjord region.
• Vekstprogram Marked (Growth Program — Market) Multi-session growth program for small and medium-sized businesses across four sessions over approximately four months, aimed at strengthening market position and driving sales growth. Pricing is 10,000 NOK for målbedrifter (1–3 participants per business) and 40,000 NOK for other businesses.

Named customers1 record

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.

• Høgskulen på Vestlandet (HVL)coreStrategic or Co-development PartnerMedvind24 partners with Høgskulen på Vestlandet to offer decentralized higher education courses for local businesses. The collaboration provides study opportunities in leadership, business development, and English courses with credits that can be applied toward degrees.
• Omega 365minorGTM or Marketing PartnerOmega 365 is listed as a partner/ecosystem member with Medvind24. Omega 365 operates from the same region and is part of the local business community served by Medvind.
• SIVAcoreStrategic or Co-development PartnerSIVA (Selskapet for industriell utvikling) is the national organization supporting Norwegian business incubators. Medvind24 receives funding through SIVA's næringshage program to support development of small and medium-sized businesses.
• Næringshagene i NorgecoreStrategic or Co-development PartnerMedvind24 is a member of the Næringshagene i Norge (Business Incubators of Norway) network, providing access to shared resources, best practices, and collaborative programs across Norway.
• Vindafjord kommunecoreStrategic or Co-development PartnerVindafjord municipality is a key partner, supporting Medvind24's operations and collaborating on local business development initiatives, including the Vindafjord Tomteselskap project.
• Etne kommunecoreStrategic or Co-development PartnerEtne municipality partners with Medvind24 for local business development, including the Etne Tomteselskap project, and supports initiatives such as the Bærekraftig verdiskaping project.
• SpareBank 1minorGTM or Marketing PartnerSpareBank 1 is a financial partner supporting Medvind24's leadership network and business development activities. They co-host events such as the konjunkturlunsj (economic outlook lunch).
• Vestland FylkeskommuneminorStrategic or Co-development PartnerVestland County Municipality supports Medvind24 projects including Bærekraftig verdiskaping (sustainable value creation) in Etne municipality.
• Rogaland FylkeskommuneminorStrategic or Co-development PartnerRogaland County Municipality provides funding support for Medvind24 initiatives including recruitment, visibility projects, and Rulling med Russen career awareness program.
• SapiominorImplementation/ SI/ Consulting PartnerSapio provides machine operator courses (Maskinførerkurs) and other vocational training programs offered through Medvind24.
• SimployerminorImplementation/ SI/ Consulting PartnerSimployer provides expert instructors for courses such as travel expense and reimbursement rules (Kurs i reiseregninger og reiseutgifter).
• Elden AdvokatfirmaminorStrategic or Co-development PartnerElden Advokatfirma is a new legal services partner that will contribute legal expertise to the Medvind network, with lawyers from Haugesund office also available at the Ølensvåg office.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Others

• Abelia: Industry association for Norwegian knowledge-based and innovation-driven businesses. Provides member services including networking, competence development, and policy advocacy that overlap with Medvind24's role in building local business networks.
• IKT-Norge: Norwegian ICT industry association representing technology companies and digital SMBs. Adjacent to Medvind24's mandate of supporting local entrepreneurship and competence development, particularly around digital/AI workshops.
• SIVA: State-owned industrial development company that funds and operates the næringshage, inkubator, and knowledge-park programs in which Medvind24 participates. SIVA is the parent funder rather than a competitor, but it sets the strategic agenda and co-finances Medvind24's operations.

Broad incumbents

• Innovasjon Norge: Norway's national innovation agency that funds and supports entrepreneurs, SMBs, and innovation environments. Like Medvind24, it provides advisory and funding services to Norwegian SMBs, but at national scope and with broader mandates including internationalization and green transition.

Direct peers

• Bergen Teknologioverføring (BTO): Bergen-based technology transfer office that supports commercialization, startup creation, and industry-academic collaboration. Comparable to Medvind24 as a Norwegian innovation intermediary combining advisory, networking, and project-management services for regional SMBs and entrepreneurs.
• Kongsberg Innovasjon: Innovation hub serving the Kongsberg region with coworking, incubation, and accelerator services. Operates a similar community-led GTM motion combining physical workspace, course/competence programs, and project management for local SMBs.
• Smart Innovation Norway: Norwegian innovation cluster offering workspace, testbeds, R&D project management, and competence programs. Mirrors Medvind24's combination of physical hub services, project-based public funding, and industry-academic collaboration in Western Norway.
• Kunnskapsparken Bodø: Knowledge park in Northern Norway offering coworking, incubation, and competence-building services to regional SMBs. Functionally analogous to Medvind24 in providing a multi-tenant business hub and project-based development support in a peripheral Norwegian region.

Regional players

• Nordic Edge: Stavanger-based innovation cluster focused on smart cities and sustainable communities. Comparable to Medvind24 in combining public-funded development projects, networking events, and competence programs for Norwegian SMBs and municipalities.
• Norwegian Smart Care Cluster: Cluster organization supporting innovation in Norwegian health and care companies. Comparable to Medvind24 in being a publicly-supported innovation intermediary that runs projects, networking, and competence programs for SMBs in a specific Norwegian region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/medvind24

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 Medvind24