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The Nordic Growth Entrepreneurship Review Glenda Napier, Chief of Analysis, RegX and SDU 1
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The Nordic Growth Entrepreneurship Review

Glenda Napier,

Chief of Analysis, RegX and SDU

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NGER Findings 2012: Growth Entrepreneurship

Performance

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High level of Nordic start-up activity

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High Nordic levels of gazelles- firms with average 20% annual growth in employment over a 3-year-period and younger

than 2 years old at the beginning of the growth period, 2009

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Nordic gazelles have contributed positively to job creation in 2006-2009

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However, Nordic gazelles are small in size

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Finnish gazelles are better job creators

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NGER Findings 2012: Framework Conditions for

Entrepreneurship

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Framework conditions in Nordic region second to USA, UK and Canada, 2012

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Regional comparison of the six policy areas

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Finland has the best framework conditions of the Nordic countries, 2012

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Similarities and differences across the Nordic countries, 2012

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Entrepreneurship Ecosystems

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Entrepreneurial Ecosystems

Dealmakers

Serial entrepreneurs

Established firms

Service providers

Risk capital

Knowledge institutions

Succcessful firms

Added valueAdded value

Added value

$

Added value

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Composite Index based on :• Patents• LQ• Venture capital• Dealmakers

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Startup-America Partnership to develop stronger ecosystems

America’s Top Entrepreneurs and Business Leaders Form New AllianceLaunched at the White House in January 2011, the Startup America Partnership is an independent alliance of top entrepreneurs, investors, corporations, universities, foundations, and other leaders, joining together to grow the entrepreneurial ecosystems that support innovative, high-growth U.S. startups. 

The Startup America Partnership has already mobilized more than $1 billion in private-sector commitments to provide products, services, mentorship and funding to scale and grow 100,000 U.S. startups over the next three years.

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What to do in the Nordic region?

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• Develop more nuanced internationally comparable data on startups• Develop better understanding of serial entrepreneurs• Create new internationally comparable performance data and indicators reflecting the ‘born-big’ firm activities • Improve the understanding of entrepreneurship

ecosystems • Create a diagnostic tool for growth entrepreneurship

Knowledge-oriented Policy Recommendations

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• Establish a Nordic Growth Entrepreneurship Partnership with strong private sector involvement• Form an Entrepreneurship Ecosystem Forum • Evaluate and compare public growth initiatives across the Nordic countries • Engage universities across the Nordic countries

firmly in the entrepreneurship ecosystems

Action-oriented Policy Recommendations

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Thank you! Glenda Napier: [email protected]