Promoting Start-Ups and Scale-Ups in Denmark’s Sector Strongholds and Emerging Industries
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Start-ups and scale-ups often make outsized contributions to innovation and job creation. However, while entrepreneurial ecosystems in countries and regions are increasingly studied, less is known about differences by sector. What role do start-ups and scale-ups play in the development of different future growth sectors? What problems and bottlenecks does government policy need to address? To what extent do the start-up and scale-up contributions and obstacles vary by sector, and what is in common across sectors? This report examines the entrepreneurial ecosystems of three of Denmark's sector strongholds, sectors where future growth is likely to be generated - advanced production, energy technology and food and bio resources. A focus on Denmark includes the scale and nature of start-ups and scale-ups in different sectors, the bottlenecks, the current policies and how they can be refined. In addition, nine international policy experiences are presented as inspiring practices for Denmark and other countries - covering Austria, Canada, Finland, Ireland, the Netherlands, Norway, Sweden, the United Kingdom, and the United States. Recommendations are offered for Denmark across areas such as entrepreneurial finance, networks, public procurement, and cluster management organisations, covering both cross-sector and sector-specific recommendations.
Energy technology
There is higher share of start-ups in all businesses in Denmark’s energy technology stronghold than the all-economy average and the advanced production and food and bio resources strongholds. The average revenue of energy technology start-ups is more than four times’ higher than the economy-wide average. Energy technology also has a relatively high share of scale-ups. The revenue share of scale-ups is higher in energy technology than any other stronghold or emerging industry. There is a basic infrastructure in place to support for start-ups and scale-ups in the sector. However, stakeholders in Denmark identified a number of gaps in policy support. This chapter presents key policy recommendations to support start-ups and scale-ups in Denmark’s energy technology sector. It includes an assessment of the opportunities and barriers currently faced by start-ups and scale-ups in the sector, as well as an examination of inspiring practice policy initiatives for start-ups and scale-ups in energy technology from Norway, the United States and the United Kingdom.
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