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Oslo Innovation Week 2017

Oslo Innovation Week is an event that brings together speakers, experts, entrepreneurs, investors, startups and innovators from around the globe and challenges them to solve problems, collaborate and drive sustainable change. Oslo Innovation Week 2017 highlights solutions that solve real global challenges through entrepreneurship, technology and innovation to push the world forward towards sustainable change.

This September, we were given the opportunity to attend a few talks during Oslo Innovation Week and here are 2 key takeaways that we have learnt!

  

Sustainable Business Model

One of the speakers, Ms Ragnhild Nilsen, shared her take 4 traits (FAIR) a business needs to compete in a sustainable way:

Fairplay: Competing amongst equals

Attract the good stories: Search for people who perform well and make it better

Innovate: Be creative and try to do the usual things in a different manner

Respect: Practice balance and have a win-win attitude for both parties

 

Circular Economy Strategies

Currently, linear companies practice the “take, make, waste” concept and engage in the following activities:

  • Utilise non-renewable or toxic resources
  • Prioritise sales of new products
  • Monopolise knowledge and IP
  • Maintain status quo

As shared by Circle Economy‘s Matthieu Bardout, circular economy strategies include:

  1. Prioritising regenerative resources
  2. Preserving and extending what is already made
  3. Rethinking business models
  4. Using waste as a resource
  5. Collaborating to create joint value
  6. Designing for the future
  7. Incorporating digital technology

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