Foundations in Norway Foundations in Norway Foundations in Norway (Norwegian: Bokmål: "stiftelse"; Nynorsk: "stifting") are independent i.e. self-owning juridical entities disposing assets that have been given by will, gift or other juridical dispositions for one or more purposes. There are approximately 7,600 foundations in Norway. Based on a total capital of nearly 100 billion crowns, foundations possess and control assets of estimated 200–300 billions. They constitute a small but economically important contribution to Norway's social and cultural life and to sports, education, and science. Norwegian foundations partly employ and partly engage approximately 35,500 individuals. Most foundations are located in the capital Oslo (the
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.