Anders Hoffmann, Deputy Director General, Danish Business Authority Danish Entrepreneurship Policy High-Growth-Firms: Local Policies and Local Determinants OECD workshop 28. marts 2012

What are new entrepreneurs worth?

2011 Entrepreneurship Index – Entrepreneurship conditions in Denmark  Systematic mapping and evaluation of entrepreneurship in Denmark  Based on international data from the OECD countries  Identifies Denmark's strengths and weaknesses as an entrepreneurial country  Continuous updating of Danish framework conditions for start-up and growth companies  Focus on specific areas of importance to the entrepreneurial activity

International comparison of entrepreneurial activity  Start-up rate  New employers  Growth Companies  Emerging growth companies

How to define a HGF start-up?

Start-up rate – 2011

Regional start-up rates

New enterprises – OECD countries

High-growth start-ups and job creation - Regionally

Insufficient growth of Denmark’s enterprises

Denmark’s framework conditions

National ranking

The public arena for business support

The Danish public business support

INFRASTRUCTURE Provide a integrated business support system to assist Enterprises to start and grow 91 local business support centres 5 regional business development centres The Trade Council 60 export councils and 3 innovation centres Advanced Technology Group 9 specialized technology institutes Vækstfonden National venture capital Company or entrepreneur Private service providers Innovation incubators Early Stage finance

5 Regional Business Development Centres A short cut to: Network Knowledge Growth Vaeksthusene :

Project promoter E.g. on projects tendered by the region E.g. on national initiatives such as ‘Early Warning ’ A key piece of business support infrastructure - Meeting place - Initiatives to influence culture and new services - Partnerships Business counselling -Impartial and free mapping (potential/challenges). -Referral to private service providers and public schemes. base superstructure The Vaeksthus challenge start-ups and businesses and help them identify their options and realise their growth potential.

Tools and systems  Common website:  A customer relationship management (CRM) system  User evaluation system  StartUpWheel Other web based tools  a complete guide of public schemes for enterprises + call centre  private service providers meet clients, tenders meet bids

StartupWheel® 360° Perspective on Startup and Growth

Job creation Customers of Regional Business Development Centres compared to non-customers Business Centre of Job creation (percent) Job creation (percent) Growth (Percentage) Greater Copen- hagen Central Denmark Northern Denmark Zealand South Denmark Total 6,842,194,56 5,761,384,38 0,711,63-0,92 5,450,514,94 4,221,043,18 4,531,223,31

CULTURE Several initatives aiming at enhancing the motivation for both starting and growing Global Entrepreneurship Week – Week 46 - Once per year - one week with wide range of activities focusing on entrepreneurship in the broad sense. -35 private and public partners -In 2011 more than 260 events, participants in DK… and more than 10 million world wide Other - Promoting rolemodels and great cases, co-funding tv-programs, events, conferences, networking activities, organisations, etc.. Educationsystem

The Foundation for Entrepreneurship  From ABC to PhD: A national knowledge centre for education and training in entrepreneurship at all levels  A private foundation with board members mainly from the business sector  : Government grant of DKK 24 million per annum  Support educational institutions at every level to improve their commitment to education and training in entrepreneurship  pupils and students in academic year 2010/2011 participated in entrepreneurship training or events  teachers upgraded their skills in teaching entrepreneurship

Financing forms

Danish projects funded by the Structural Funds Driver of growth: Establishment and development of new enterprises 450 million DKK of the total budgets is financed by the Structural Funds