Norway, one of the richest countries in the world in terms of GDP per capita, home to postcard-perfect landscapes and cited for its high standard of living, often having taken the top spots for the best place to live according to UN’s Human Development Report, is a nation that oozes inspiration and innovation. Looking at its history and cultural identity, and we can easily see how resilience and determination form part of the genetic makeup of this Nordic nation. . Inspired by its legendary Viking past, Norway is fighting strong in the wider entrepreneurial ecosystem and is icnreasingly seen as a hub for impactful innovation – especially in the FoodTech, GreenTech and ClimateTech verticals. . It’s a country that benefits from a highly-educated workforce, impressive infrastructure and an enviable quality of life – giving it some of the core ingredients for startup magic. Further, the Norwegian government itself is pushing forward initiatives to help nurture startup culture as an integral part of the economy. It’s part of a wider strategy to move from a remuneration-based oil and gas economy to a more sustainable future based on innovation and new economies

GreenTech is one of the biggest growth areas in the innovation and startup space, on a global level. It’s a market area that has the potential to shape and influence our future for the better, and investors and entrepreneurs are actively promoting development in this space. This report, powered by Net Zero Insights, aims to give an overview of everything that happened in GreenTech across Europe in the past month.GreenTech refers ​​to the use of tech that has a positive environmental impact at its core. It refers to those companies that are founded for a wider purpose – it could be reducing carbon emissions, tackling pollution, minimizing waste, protecting the world’s ecosystems or anything that contributes to making life on earth more sustainable and less harmful.This month, we noticed a slowdown in terms of funding after October’s GreenTech gold rush. It’s not to say there haven’t been exciting updates and developments, but there is certainly a noticeable decrease in funding amounts – approximately 67%! This month, some things did stay the same with EVs and the energy transition picking up most of the cash.In total, European startups in the climate and GreenTech space raised just over €1 billion in November – down from over €5.2 billion in October. France, Germany and the UK were the powerhouses of the continent, taking up 78% of the continent’s funding