Nordic Capital to drive digital innovation through partnership with SingularityU Denmark, a collaborative venture with Silicon Valley’s Singularity University
March 20 2017
- Partnership provides a platform to boost understanding of exponential technologies, innovation and entrepreneurship within Nordic Capital's portfolio companies as well as the wider Nordic region
Nordic Capital is the first private equity fund to enter into a strategic partnership with SingularityU Denmark, the Scandinavian collaborative venture of Silicon Valley-based Singularity University. Singularity University is a global learning and innovation enterprise founded by well-renowned Silicon Valley technology experts Ray Kurzweil and Peter Diamandis, which applies exponential technologies to solve the world's greatest challenges. The strategic partnership provides Nordic Capital and its portfolio companies privileged access to education, knowledge and inspiration relating to ground-breaking technology which will benefit and accelerate the ability of Nordic Capital's portfolio companies to embrace further technological developments within their businesses.
SingularityU Denmark is Singularity University's largest collaboration outside Silicon Valley and is located in a 5,000 m2 space in Copenhagen Science City with the aim to provide a platform to support digitalisation, innovation and entrepreneurship in the Nordics. Since its establishment in Silicon Valley in 2008, Singularity University has educated and inspired thousands of leaders and entrepreneurs on the acceleration of technological developments and the implications for businesses and society in general.
SingularityU Denmark will have a Scandinavian and global expert faculty covering areas such as; Artificial Intelligence & Robotics, Biotechnology & Bioinformatics, Networks & Computing Systems, Medicine & Neuroscience, Nano-technology & Digital fabrication.
"This partnership is an investment in Nordic Capital's portfolio company talent and knowledge base and it demonstrates Nordic Capital's commitment to driving the digitalisation agenda and embracing the technological developments within its portfolio companies as well as within the wider society. I am very pleased that Nordic Capital is the first private equity fund to support the establishment of the new SingularityU Denmark by becoming a strategic partner. This is another great example of Nordic Capital's focus on Ownership Excellence as SingularityU Denmark provides us with a unique combination of the best that Silicon Valley has to offer together with innovative strengths that we have in the Nordic countries and furthers our ability to bring this to Nordic Capital's portfolio companies", says Lars Terney, Partner, NC Advisory A/S advisor to Nordic Capital Funds.
"In SingularityU Denmark we have an ambition to inspire and enable leaders to embrace technology across many industries and in companies of all sizes. That's why I'm really excited that Nordic Capital moved fast to be the first private equity fund to enter a partnership with SingularityU Denmark and thereby give access to high level training and programmes to a diverse group of portfolio companies. At SingularityU Denmark we have designed programmes for all levels in the organisations - from talents to executive management - and we're dedicated to support the change agents within the companies to drive the adoption of technology to create impact and enhance customer value. I'm excited about the ambition level of Nordic Capital in regards to the digital agenda and I think it sets a great example for the industry to really aim high in terms of training and technological understanding among core leaders and employees", says Laila Pawlak, CEO of SingularityU Denmark.
The partnership between SingularityU Denmark and Nordic Capital will provide access to a range of customised expert training programmes and innovation workshops for the Nordic Capital portfolio's cadre of executives and managers, as well as for talent development within Nordic Capital's own organisation.
Katarina Janerud, Communication Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 69
About SingularityU Denmark
SingularityU Denmark is a collaborative venture with Singularity University (www.su.org). SingularityU Denmark was officially launched on March 1, 2017 and operates from a 5,000 m2 innovation hub in Copenhagen Science City. SingularityU Denmark helps leaders leverage the mindset, skill set, and network to build breakthrough solutions that apply emerging technologies in innovative ways to unlock solutions that can positively impact millions of lives. SingularityU Denmark's products include custom educational experiences that transform leaders, conferences that inspire and prompt action and innovative labs that incubate and accelerate corporate innovation and social impact projects. For more information pls see www.singularityudenmark.org
About Nordic Capital
Nordic Capital private equity funds have invested in mid-market companies primarily in the Nordic region since 1989. Through committed ownership and by targeting strategic development and operational improvements, Nordic Capital enables value creation in its investments. The Nordic Capital Funds invest in companies in northern Europe and in selected investment opportunities internationally. The most recent fund is Nordic Capital Fund VIII with EUR 3.5 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds are based in Jersey, Channel Islands, and are advised by the NC Advisory entities in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com