Nordic Startup News Early Stage Startup News From The Nordics
According to a report by Money UK, Denmark is the second best-funded nation for startup businesses after the US. With a total of five new business grants offering over $1,000,000, Denmark only lags slightly behind top funding opportunities in the US.
The report, which is based on data from the Innovation Investment Index, highlights Denmark as an innovative hubspot leading the industries such as biotechnology, telecommunications, IT, and design. Danish entrepreneurs have developed some of the most well known technology including, Skype, Google Maps and popular programming language C++.
The Innovation Investment Index from the finance experts at money.co.uk reveals that Denmark is the second best funded country, with £901,655 made available to new businesses via startup grants.
Here’s how the rest of the countries in the index stack up:
|
Country |
# Grants offered |
Total Grant Money (£) |
|
|
1 |
United States |
10 |
£1,284,018 |
|
2 |
Denmark |
5 |
£901,655 |
|
3 |
Belgium |
2 |
£631,208 |
|
4 |
United Kingdom |
226 |
£500,000 |
|
5 |
Austria |
5 |
£450,951 |
|
6 |
Netherlands |
3 |
£135,126 |
|
7 |
Canada |
413 |
£111,355 |
|
8 |
Norway |
4 |
£90,150 |
|
9 |
Italy |
3 |
£90,150 |
|
10 |
Israel |
4 |
£74,188 |
|
11 |
Switzerland |
4 |
£25,015 |
|
12 |
Singapore |
7 |
£22,267 |
|
13 |
Germany |
1 |
£21,647 |
|
14 |
Sweden |
8 |
£17,881 |
|
15 |
Finland |
2 |
£10,920 |
|
16 |
France |
5 |
£9,008 |
|
17 |
Ireland |
5 |
£9,008 |
|
18 |
Poland |
3 |
£1,017 |
Denmark is the worlds fifth most innovative economy
The report includes several other statistics on start-ups and one of them is most valuable grants for new businesses. Denmark takes second place for the most valuable grants for new businesses after Belgium. The report states that entrepreneurs and innovators in Denmark can receive up to £180,331 per grant, beating the US in third place with £128,401 per grant. Additionally, the research by Money UK provides an Innovation Investment Index, which includes additional data on startups and innovation. Combined, Denmark is ranked the worlds fifth most innovative economy, based on the categories start-up ratio, businesses per head, grants offered and max amount of grant money. Visit the report to view the entire Innovation Investment Index.
