"Oslo Science Park is a natural place to start commercialization. SensiBel started in StartupLab, and now we have become a small tenant and will eventually need even larger premises," he says, and continues:
"It's a nice building to be in because potential investors and customers immediately understand that there is innovation, there is high tech. The building exudes it."
From incubation to the global market
The story of SensiBel is reminiscent in many ways of Chipcon, which also started in Oslo Science Park. After completing his engineering education at NTNU, Sverre Dale Moen started working as a researcher at SINTEF. Just as with SensiBel later on, the development from SINTEF became Chipcon's business model.
Together with two colleagues, he established Chipcon, specializing in Zigbee - a standard for decentralized wireless networks. When Chipcon was acquired by Texas Instruments in 2005, the company had been located in Oslo Science Park for almost ten years and had grown to over 100 employees.
Dale Moen believes that the proximity to important research environments - not only SINTEF but also the Norwegian Computing Center and the University of Oslo - makes it possible to develop unique technology that can give many years of advantage over competitors in the market. He calls it a common thread between Chipcon and SensiBel.
"Of course, good ideas can also be created without it, but some products require the ability to work with doctoral degrees and research," he says, adding:
"But it is important that research is commercialized and contributes to value creation."
Good old community spirit
After the Chipcon era, Dale Moen worked for several years as CEO of another innovative tech startup: New Index, which developed an electronic whiteboard. The company was acquired by Epson in 2011. With all this experience an important part of his role at SensiBel is to share his knowledge gained along the way.
"I don't think you can get a customer early enough. It's about saying that the product is good enough. It must be unique, but it doesn't have to be perfect. There can be several generations of a product," he says, and continues:
"Getting the product out into the world and having paying customers, it changes the team. And it changes the investors. You gain acceptance in the market."
And has anything specific changed in the years since Chipcon?
"The access to capital for startup companies is completely different now. The willingness to invest in startups has changed a lot," he says.
Sverre Dale Moen also believes that the Norwegian deep tech and startup community has an advantage that is ingrained in our culture.
"There is something about the healthy Norwegian mentality. Healthy good attitudes. People take one for the team instead of asking themselves, like some people do abroad, "What's in it for me?". It's a bit of good old community spirit - whether it's conservative or social democratic. We work together and achieve things together."