Hereditary Kingdom of Norway same evening, choosing the name Haakon, a traditional name used by Norwegian kings. The last king with that name had been Haakon VI, who died in the year 1380. The new king therefore became Haakon VII, King of Norway. His two-year-old son Alexander, the heir apparent, was renamed Olav and became Crown Prince Olav. The new royal family arrived in the capital Kristiania (later Oslo) on 25 November. Haakon VII was sworn in as king of Norway on 27 November. The early years of the new Norwegian monarchy were marked by a shortage of funds. The Norwegian state was poor
Industrial Development Corporation of Norway of 15 science- and 10 research parks, 20 incubators, 45 business gardens, 12 venture capital institutions and 4 research and development companies. SIVA cooperates closely with the Research Council of Norway and Innovation Norway. Industrial Development Corporation of Norway The Industrial Development Corporation of Norway or SIVA () is a Norwegian state enterprise responsible for government investment in incubators, science parks, industrial parks and real estate through partial ownership of other companies. The ultimate goal is to stimulate economic growth, through strengthening Norway's capacity related to innovation and creativity. SIVA is based in Trondheim, where it employs almost 40 people.