Goodwille are co-hosting event in Oslo during Oslo Innovation Week

Oslo has been ranked the #1 city in the world in terms of quality of life and is one of the most business friendly cities in the world. The Norwegians are known to be digitally advanced and early adopters of new technology – because of this, the start-up scene is booming and Norwegian Tech is hotter than ever.

As part of Oslo Innovation Week 2018, Goodwille together with our friends at Escalon Services are co-hosting the event The World is Ready for Norwegian Tech (but are you ready for the world). Join us on 25 September and learn what it takes to expand your businesses abroad!

About the event

The event targets Norwegian Tech businesses that (think they) are ready to leave koselig behind and expand their business to international markets! It will be an interactive seminar with speakers who are responsible for helping some of Norway’s fastest growing tech businesses tap in to & scale up in international markets, providing you with all the insights you need to take the big leap. The seminars will cover all aspects of what you need to think about, from  raising investment, raising your profile and how to make the right decisions when going from Oslo to the rest of the world.

The seminar is followed by a networking session where you will get the chance to mingle with the speakers, like-minded entrepreneurs, people and businesses that have already done the journey, as well as experts that can advice you on what to think about when taking your businesses onto the international arena.

EVENTS DETAILS
Date: Tuesday 25 September 2018
Time: 10am-12.30pm
Location: Oslo House of Innovation (OHOI), 4th floor, Skippergata 22, 0154 Sentrum, Oslo, Norway
Tickets: Grab your ticket HERE!

Are you interested in being actively involved in the event as sponsor or speaker, please get in touch with James Service at james.service@goodwille.com.

About Oslo Innovation Week

Oslo Innovation Week is an annual happening inviting people from all around the world to Norway’s capital city for conferences, talks, pitching, workshops and networking with like-minded, change-driven corporates, entrepreneurs, startups and organisations. 2018’s edition in the 13th Oslo Innovation Week around, this year held between 24-28 September. Oslo Innovation Week is owned by the City of Oslo and Innovation Norway, with Oslo Business Region as project manager. Check out the full programme for OIW 2018 on oiw.no/.

The soaring value of Bitcoin drives interest in FinTech

Bitcoin’s value soared in recent weeks to well over $2,000 per coin, making it the most valuable commodity on the planet. For those who mined or acquired Bitcoins early in the currency’s digital life, large fortunes have been made with minimal effort. While Bitcoin’s volatility might not be for all investors, for businesses, it is the technology behind these cryptocurrencies, called blockchain, that is driving much of the investment in FinTech, and making jobs in the sector highly desirable.

With interest across the financial services, accountancy, banking and other sectors, blockchain technology creates a secure ledger or records and value that can be used to transcend borders, industries and currencies. With the UK and London still at the heart of global banking, much interest is centred on FinTech and many startups are looking at ways to leverage blockchain. Use cases are being sought for particular vertical markets, or to create new solutions that could be the next PayPal, or to create whole new types of business transaction models.

Popular FinTech startups have created mortgage lending banks, a digital-only consumer bank, peer-to-peer payment platforms that do away with the charges that most banks impose, and global money services that empower world travellers with a single digital wallet, whatever country they are in. These are just some of the examples of consumer FinTech that we could all be using within the next few years, challenging our banks and bureau de change to adapt.

Those changes will also rapidly apply to business, with contracts being created and managed online through blockchain technologies. One key area of business this could affect is the 30-day waiting period for payment that many smaller businesses suffer from. Any enterprise or SMB product that makes instant payments for completion of a milestone, project or task could see many departments, like accounting and sales, rapidly have to adopt such technology. If they don’t their company could soon lose business to those willing to move with the times and adopt such products.

Whatever market you are in, keep an eye on FinTech business developments around blockchain, and ensure you are ready to move when the time comes.

Is EdTech the next FinTech?

There is no doubting the fact FinTech has taken the world by storm. It has revolutionised the way we bank and it innovated the traditional concepts of financial services. However, with uncertainty surrounding Brexit yet to subside, has EdTech become the bigger and safer investor opportunity?

A huge market

The education market is huge. Yet so far, EdTech has been overshadowed by the opportunities in the FinTech industry. However, the rise of a new education has finally begun, and digitalisation is set to transform education just like it did with the financial industry. According to recent figures, the EdTech market will grow 17 per cent per year by 2020, numbers investors are unlikely to ignore.

A new transformation

For the past 100 years, education models have hardly changed. Mostly, a teacher still stands at the front of a classroom or lecture hall while children and students sit and listen with textbooks and printed documents open on their desks.

However, all of this is set to change. Digital technology is already evident in some classrooms, with more students than ever before using laptops and tablets to enhance their learning experience. Teachers are also using technology to bring their lessons to life and make their classrooms more interactive.

Why is EdTech so important?

The world is quickly becoming more aware of the digital skills gap among society. Soon enough, digital will be at the core of every industry, which is why advances in educational technology have never been more important in order to provide the next generation of students with the skills they need to be successful in any given sector.

EdTech is the next FinTech

There are more than 1,000 EdTech start-ups in Britain alone, and with the financial implications of Brexit still unknown, EdTech is the by far the safest bet for investors. Why? Because it remains constant and is somewhat sheltered from the political landscape. The opportunities it provides are almost endless, and it’s poised to overtake FinTech as the most profitable digitalised sector yet.

For more informationon how Goodwille can support FinTech or EdTech companies starting up in the UK, get in touch.

Sources:
http://techcitynews.com/2016/05/26/report-edtech-spend-will-reach-252bn-2020/

Three unique factors London’s EdTech sector should take advantage of

For any talk of UK tech firms leaving these islands in the wake of the 2016 Brexit referendum, the trend is turning out to be the reverse. Tech firms, and especially EdTech startups, have much to gain from setting up shop in London. This is thanks to a trio of legal, political and social factors unique to Europe’s largest city.

A very, very friendly government
The British government is more often noted for its history than modernity – visiting American politicians have been known to describe the raucous House of Commons as ‘the Pit’. When it comes to Britain’s technology sector, though, ministers know the value of hands-on support. Chancellor Philip Hammond used a recent trade mission to India to fly the flag for British FinTech and EdTech; Business Secretary Sajid Javid has created a Parliamentary Group for Entrepreneurship; and at 2016’s EdTech UK summit, the Department for Education announced plans for a bespoke British EdTech strategy. Opportunities abound for EdTech companies eying expansion to take advantage of ‘UK Plc’.

Global outlook
One of the more popular refrains these days is that Britain is leaving the EU to embrace the world. A dubious claim for many sectors, this may be more true for EdTech. There are a few unique factors that contribute – English is the global language, leading many startups to look to English-speaking countries in the Far East, especially India and Pakistan, as well as in Africa. Also, communities from around the world are well-established in London, giving the city a unique web of connections with the wider world that give the city’s tech scene a global edge. London is the world’s crossroads – what better place to look out for global opportunities and plan international expansion?

Fierce competition between schools
The capital of the UK is also the country’s most competitive educational ecosystem. In part thanks to a drive to raise standards over the last decade or so, London’s schools are a remarkable success story. The legal and political climate is increasingly ‘hands-off’, giving schools the freedom to innovate and compete. This is to say nothing of London’s universities; no city in the world has more top institutions. The competition between these institutions has created a hotbed for EdTech – especially as UK state schools have plenty of freedom to invest in – and experiment with – new technology.

For more information on EdTech, FinTech or how we can support your emerging technology in the UK, contact Goodwille today.

Why London is the city to establish your Fintech company

The UK has seen its influence within the Fintech community grow and grow in the last decade. It was bolstered in 2015 when David Cameron laid out a manifesto to increase the number of UK workers in Fintech to 235,000 people, marking a 100,000 increase in 5 years. Naturally, London would represent the beating heart of this industry and it has garnered the attention of some of the world’s hottest Fintechs around, including Atom Bank, TransferWise, Revolut and Clear Bank to name but a few. In February 2017 alone, Atom Bank raised a venture capital round that reportedly closed at close to £100m. But what is it that means the UK is attracting so many of these highly valued enterprises?

All in one place
London is without a doubt where the vast amount of major policy decisions and technological innovations in the UK are made. That means that Fintechs have access to a wealth of the UK’s hottest talent as well as industry leaders and policy setters who are there to guide and advise. In the US, for example, you can’t find all of these in one place and would have to seek out Washington, Silicon Valley and New York to bring all of this expertise together.

Government support and tax breaks
In 2015, George Osborne announced the construction of three multidisciplinary research centres which would make vast improvements to the UK Digital Economy’s knowledge and skills. At the same time, it has been agreed that by 2020, UK corporation tax will drop from 20% to 17%, making profitability easier to achieve.

A strong desire to invest
Following the natural uncertainty that has arisen regarding Brexit, investment in 2016 fell by a third but still amounted to a whopping £630m worth of funding into Fintech firms.

FCA support
In February 2016, the FCA Director of Strategy and Competition, Christopher Woolard, made clear the layout of what is deemed “the sandbox”. This gives Fintech companies the ability to test out and develop their ideas without the fear of the normal reprisals that can incur for established firms. This reduces the fear of starting out in the UK financial sector and encourages innovation.

In the coming years, any uncertainty over Brexit should settle and the UK can see where it stands globally in the service sector. With such strong measures in place to promote UK Fintech, it is hoped that we are in as strong a position as previous and it is expected we may have grown even further.

There are naturally many fears when starting up a financial organisation in any country and amongst them are fears of legal issues, dealing with UK market entryHRfinancial administration and payroll. That is why Goodwille exists. With a strong proven track record, we hope to help support and develop UK innovation through working with technology start-ups. So if you are a company looking to possibly open a office in the UKand need advice and support on any of the aforementioned points, then please do get in touch.

How FinTech start-ups are shaking up the financial industry and what the rest of the world can learn

The UK has long been a suitable place to incorporate a technology start-up. Given that it’s also one of the financial capitals of the world, it was only a matter of time before tech merged with the banking world, and the rapid expansion of numerous FinTech companies is positive proof that Britain’s financial district is slowly but surely being changed by keen young upstarts with their eyes firmly on the prize.

How the United Kingdom helps companies to flourish
The British Government has long had a commitment to helping new tech businesses flourish – help is always forthcoming, regardless of whether the company in question is a start-up or an established international player looking to open a UK office to gain a foothold in emerging industries.

The Financial Conduct Authority is a governing body which works closely with new businesses to help them to understand regulation, and it’s recent scheme – dubbed “Project Innovate” – allows firms to test new models and products in a protected environment.

User friendly financial services
While the governments of other countries could follow the UK’s lead to provide the help needed to get start-ups off the ground, so too could budding entrepreneurs take note of the innovative ways UK FinTech start-ups work with their customers.

Perhaps the largest reason why UK FinTech brands have been so successful is because they’ve understood that their customers require flexibility and mobility. Ultimately, it’s the understanding that a completely digital bank needs to provide a truly flawless user experience in order to succeed.

Instilling consumer confidence
The UK – and London in particular – has long held a reputation for financial services. However, the brand reputation built up by financial institutions over hundreds of years can be yours without having to have a “brick and mortar” base in the country. It’s possible to set up a UK company with a virtual office in the UK and enjoy all the benefits and rewards associated with the capital.

For further information on how opening your business within the UK could transform the fortunes of your start-up, simply contact the friendly, experienced and professional team at Goodwille.

Goodwille is on a mission to identify Nordic start-up stars ready to take over the world

British professional service provider Goodwille introduced Instagram hashtag #startupthursdays to identify the most promising Nordic start-up stars at an early stage of growth, exposing them to the UK, one of Europe’s most attractive markets.

Scandinavia has become a ‘Unicorn Factory’ over recent years, many of whom have successfully changed planet earth. You might not realise that some of the world’s biggest video games, streaming sites and FinTech companies hail from the cold of Scandinavia – but they do.

“We believe these ambitious start-ups deserve early exposure and attention, and we would like to be a part of making the UK market aware of these awesome young companies.”  – James Service, Marketing Executive, Goodwille.

The growing Instagram hashtag #startupthursdays was founded in 2015 and has since featured a new and promising Nordic start-up every week. Goodwille, with the majority of its client base from Scandinavia, saw that the Nordic start-ups performed very well on the UK market but as a new company often struggled to gain exposure in the UK.

“By recognising and celebrating these ambitious Scandi start-ups we wish to give them a kickstart in the UK. Not all of the featured companies exist in the UK but they are all companies we believe have potential for future international expansion.” – James Service.

The fields the featured start-ups are active in is not limited but the general tendency is FinTech or app development, but the list also includes companies in the biotech, service and electrical sector. Feel free to contact Goodwille if you know of a Nordic start-up that deserves exposure to the UK market.

Follow Instagram account @Goodwillegroup to stay updated about the latest, and hottest Northern start-up stars.

Press Contact & Media Inquiries for Goodwille

Lovisa Sekund: lovisa.sekund@goodwille.com

Business Inquiries for Goodwille

James Service: james.service@goodwille.com