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Conference_20130305_Glenda Napier
The document summarizes findings from the 2012 Nordic Growth Entrepreneurship Review (NGER). It finds that the Nordic region has high levels of startup activity and gazelles, defined as firms with 20% annual growth over 3 years that are less than 2 years old. Gazelles have contributed positively to job creation from 2006-2009, though individual gazelles are small. Finnish gazelles are better job creators. The Nordic region has strong framework conditions for entrepreneurship, second only to the US, UK, and Canada, with Finland ranking highest among Nordic countries. The document recommends developing better data on startups and serial entrepreneurs, as well as creating a diagnostic tool and Nordic partnership to strengthen entrepreneurial ecosystems
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Conference_20130305_Glenda Napier
- 1. The Nordic Growth EntrepreneurshipReview Glenda Napier, Chief of Analysis, RegX and SDU 1
- 2. NGER Findings 2012: GrowthEntrepreneurship Performance 2
- 3. High level ofNordic start-up activity 3
- 4. High Nordic levelsof 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 4
- 5. Nordic gazelles havecontributed positively to job creation in 2006-2009 5
- 6. However, Nordic gazellesare small in size 6
- 7. Finnish gazelles arebetter job creators 7
- 8. NGER Findings 2012: FrameworkConditions for Entrepreneurship 8
- 9. Framework conditions inNordic region second to USA, UK and Canada, 2012 9
- 10. Regional comparison ofthe six policy areas 10
- 11. Finland has thebest framework conditions of the Nordic countries, 2012 11
- 12. Similarities and differencesacross the Nordic countries, 2012 12
- 13.
- 14. Entrepreneurial Ecosystems Succcessful firms Established firms Added value Added value Dealmakers Knowledge Service providers institutions Serial entrepreneurs Added value Added value Risk capital $
- 15. Composite Index based on: • Patents • LQ • Venture capital • Dealmakers
- 16. Startup-America Partnership to developstronger ecosystems America’s Top Entrepreneurs and Business Leaders Form New Alliance Launched 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.
- 17. What to doin the Nordic region? 17
- 18. Knowledge-oriented Policy Recommendations • 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 18
- 19. Action-oriented Policy Recommendations • 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 19
- 20.