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

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Presentation on theme: "Anders Hoffmann, Deputy Director General, Danish Business Authority Danish Entrepreneurship Policy High-Growth-Firms: Local Policies and Local Determinants."— Presentation transcript:

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

2 What are new entrepreneurs worth?

3 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

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

5 How to define a HGF start-up?

6 Start-up rate – 2011

7 Regional start-up rates

8 New enterprises – OECD countries

9 High-growth start-ups and job creation - Regionally

10 Insufficient growth of Denmark’s enterprises

11

12 Denmark’s framework conditions

13 National ranking

14 The public arena for business support

15 The Danish public business support

16 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

17 5 Regional Business Development Centres A short cut to: Network Knowledge Growth Vaeksthusene :

18 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.

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

20 StartupWheel® 360° Perspective on Startup and Growth

21 Job creation Customers of Regional Business Development Centres compared to non-customers Business Centre of Job creation 2010-2011 (percent) Job creation 2010-2011 (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

22 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, 15.500 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

23 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  2010-2012: Government grant of DKK 24 million per annum  Support educational institutions at every level to improve their commitment to education and training in entrepreneurship  125.000 pupils and students in academic year 2010/2011 participated in entrepreneurship training or events  2.628 teachers upgraded their skills in teaching entrepreneurship

24 Financing forms

25 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


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