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Denmark is the best country in Europe for entrepreneurs

Denmark takes a first place in Europe on the Global Entrepreneurship Index 2016, ranking top on factors such as ease of doing business, human capital, competition and product innovation.

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.

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. 

Fact About the Global Entrepreneurship index

The purpose of the Global Entrepreneurship Index (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.

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If you would like to learn more about doing business in Denmark or Danish core industry competencies, please contact one of our experts. We have specialised staff across the globe with industry insights and well-connected networks, ready to advise you on every aspect of investing in Denmark.