Founded by successful entrepreneurs Kjell Inge Røkke and Tor Bækkelund, RunwayFBU focuses on investing in software companies that use data and technology to improve efficiency, sustainability, and reliability in industries. With a minimum investment amount of USD 0.1 million, the fund plans to invest in up to 30 companies, providing follow-up commitments of up to USD 2 million to USD 3 million for promising startups. Located in Fornebu, Norway, RunwayFBU sees the industrial ecosystem as an untapped opportunity for creating value over the next decade.