Danish start-ups looking healthy

In spite of the fact that start-up companies worldwide have suffered from lack of investment over the last three years, it seems that Danish growth companies have been better off than their colleagues in most other countries. According to the Danish newspaper Berlingske Tidende, the Danish market for knowledge-intensive growth companies and venture capital is now slowly gaining on the leading venture markets in Europe and the US. The Danish Growth Fund is behind an extensive analysis of how the entrepreneurial climate and market for venture capital is doing in Denmark compared to other countries. According to the analysis, in 2003, Danish venture capital firms invested E245m into start-up companies, compared with E285m in 2002. In the first quarter of 2004, VCs invested about E40m in Danish growth companies, and this figure doubled in the second quarter.

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