Denmark is no. 5 in the world and no. 2 in the EU on the 2017 Global Entrepreneurship Index, scoring 137 countries on 14 pillars of a healthy entrepreneurship ecosystem.
Denmark’s strongest areas are: Opportunity perception, opportunity start-up, Technology absorption, human capital, Product innovation and risk capital.
A unique entrepreneurial environment
Denmark is one of the most creative and innovative countries in Europe. Adding to this is a vibrant startup scene, which has fostered global success companies such as Trustpilot, Podio, JustEat, Vivino and Momondo. According to Investment Manager, Sebastian Lykke Møller at Innovation Centre Denmark, Silicon Valley, the reasons for the unique Danish entrepreneurial environment are many:
”First and foremost, Denmark has streamlined the process of establishing a business with only four procedures needed at minimal costs. This results in a flexible, transparent and safe business environment. Second, the startup community enjoys high level of trust, which makes it easy to connect and share experiences with everybody. Third, due to a well-established educational system there are a lot of talented people as well as a growing scene of internationals. Lastly, you will get access to a buzzing environment with great accelerators, co-working spaces and investors that embodies the coolness of Scandinavia,” says Sebastian Lykke Møller, Investment Manager in Silicon Valley.
Related news: Denmark as the best European Country for Business
Drivers for economic growth
The 2017 Global Entrepreneurship Index measures a country’s entrepreneurial ecosystem by combining individual data such as startup skills, risk acceptance and opportunity recognition with institutional measures, including urbanisation, education and economic freedom.
These measurements help distinguish self-employment and replicative entrepreneurship from the innovative, productive and rapidly growing entrepreneurial ventures that drive real economic growth.
About the GEDI Institute
The GEDI Institute is the leading research organisation advancing knowledge on the relationship between entrepreneurship, economic development and prosperity. The institute’s flagship project is the Global Entrepreneurship Index (GEI), a breakthrough advance in measuring the quality and dynamics of entrepreneurship ecosystems at a national and regional level.
Click to access the full Global Entrepreneurship Index 2017.