Nordic Ventures Synergy Center Corporation (NVSC) was established in January 2005. The company started out with people formerly doing commercial work and trade advisorship at the Innovation Norway, the organization that acts as the Commercial Section of Norwegian embassies abroad. When Innovation Norway rationalized its presence in Asia and decided to close down its Manila office in 2005, a vacuum was created, which became NVSC's niche. NVSC is a trading and consulting firm that specializes in dealing with globalizing Nordic companies interested to break into the currently very stable and attractive Philippine market. For NVSC, "Synergy" is the operative word.