The Global Entrepreneurship Index (GEI) 2016 ranks Denmark as Europe’s leading entrepreneurial economy and fourth in the world, only surpassed by USA, Canada and Australia.
In the report, Denmark leads the Entrepreneurial Abilities sub-index, ranking top on the pillars opportunity start-up, technology absorption, and competition as well as human capital. These reflect the ease of doing business, the country’s use of new technology, the competitive landscape, and the educational and professional level of the workforce.
Denmark is moreover praised for its product innovations and risk capital.
The purpose of the GEI is to measure the quality and scale of the entrepreneurial process in 130 countries around the world.
The index does not focus exclusively on high-growth entrepreneurship; it also considers the characteristics of entrepreneurship that enhance productivity: innovation, market expansion, being growth-oriented, and having an international outlook.
Denmark – Scandinavia’s fastest growing start-up scene
Denmark is one of the major start-up hubs in Europe with an active and growing start-up ecosystem. A strong increase in risk capital, serious companies with global ambitions and strong grassroots movements have turned it into the fastest-growing in the Nordic region.
Especially clusters within ICT/tech, Life Sciences and Cleantech are prominent and booming. Denmark is e.g. home to the largest cluster for scalable tech companies in Northern Europe.
In Denmark you will find various co-working spaces, accelerators, and incubators but also upcoming start-up organizations with the sole purpose of developing the ecosystem.
Full read of the Global Entrepreneurship Index 2016.