Fortune Magazine:  

Copenhagen Could be the Next Silicon Valley


Looking for the next Silicon Valley? You're not alone. With growth slowing or stagnant in economies around the world, investors are eagerly looking for places with original thinking and newbizz and people or startups that might give their own companies and portfolios a competitive edge.

By Karin Beate Nøsterud,

Fortune Magazine has analyzed which cities can present this combination of creativity and business opportunities and found Copenhagen to be one of them.

Business-friendly and innovative with a strong mobile cluster and best conditions for R&D, Copenhagen offers great opportunities for the development of new IT solutions, and with a IT-skilled population of early adapters, the market is furthermore perfect as a test market.

IT Hub Copenhagen

Fortune magazine elaborates why Denmark is one of the selected IT and start-up cities:

“Last year a group of tech executives created the Founder's House in Copenhagen, an invitation-only workspace designed to incubate upcoming tech entrepreneurs. It's located a few miles from Nokia's local campus and hosts tech firms like, an online storage outfit, and app-hosting platform AppHarbor. The companies also receive help from Denmark's talented developers (C++ and Ruby on Rails were developed by Danes) and business-friendly regulatory environment.”

Commercial Innovation

Fortune started with data from the Global Innovation Index which is co-published by Insead and the UN's World Intellectual Property Organization and ranks countries based on a number of factors, including educational institutions and digital infrastructure. But the index also looks at the country’s track record when it comes to innovative and commercial results -- it essentially assigns extra credit to countries whose companies and institutions push their products and ideas out into the world.

The highlighted cities are especially hospitable to companies seeking the mix of talent, curiosity, and risk taking that leads to ground-breaking products and services.

Northern European countries dominated the list, and Fortune concludes that if these cities keep up the good work, soon people won't be asking, "Where's the next Silicon Valley?", but instead: "Where's the next Copenhagen?"

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