Innovative Norwegian Duo Designs
iPhone Product
Two 20-year-old Norwegian entrepreneurs
are making millions after designing a unique solar-powered charger for iPhone.
What started out as boring summer holiday,
turned out to be a lucrative business venture for Waleed Ahmed and Flemming
Sommerfeldt Bordoy. They were frustrated with the low battery capacity of their
iPhones, and designed a solar-powered holster that could charge the device. The
product not only already earned them NOK 12 million, but kicked off their
entrepreneurial careers.
"They think big, unlike the typical
Norwegian," Bård Stranheim, Director of Innovation Norway in Telemark, tells
public broadcaster NRK. "It’s a Mark Zuckerberg-kind of attitude."
Innovation Norway helped the duo establish
their company, Grønt Norge ("Green Norway"), and build the prototype
with a stipend of NOK 150,000. This year, the young duo expects their company
to report earnings of NOK 40 million.
Still, the success hasn’t gone to their
heads quite yet. "Don’t get me wrong, we have a great life," Ahmed
says to NRK. "Flemming and I have an agreement that we’ll slow down a bit
when our savings reach NOK 100 million." As for now, Ahmed is still living
at home, and Bordoy is serving in the military.
However, it shouldn’t take too long before
they reach their goal. Other projects and contracts are in the works, and they
are still saving and working hard at opening up new doors and opportunities.
Last year they only took out NOK 100,000 in salary, in addition to the company
covering all their travel expenses.
"Although we deal with a lot of young
people, these guys are at the very end of the spectrum," says Stranheim.
"They have definitely found a recipe for success."
(NRK)
Written by Julie Ryland (The Norway Post)
2 comments:
Having a mind like that goes far. Hope it will not end with only chargers but more brilliant ideas that will become then a great business for life.
How to Start a Business..
Well said..
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