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Conference_20130305_Glenda Napier

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  • 1. The Nordic GrowthEntrepreneurship Review Glenda Napier, Chief of Analysis, RegX and SDU 1
  • 2. NGER Findings 2012:Growth Entrepreneurship Performance 2
  • 3. High level of Nordic start-up activity 3
  • 4. 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 4
  • 5. Nordic gazelles have contributed positively to job creation in 2006-2009 5
  • 6. However, Nordic gazelles are small in size 6
  • 7. Finnish gazelles are better job creators 7
  • 8. NGER Findings 2012:Framework Conditions for Entrepreneurship 8
  • 9. Framework conditions in Nordic region second to USA, UK and Canada, 2012 9
  • 10. Regional comparison of the six policy areas 10
  • 11. Finland has the best framework conditions of the Nordic countries, 2012 11
  • 12. Similarities and differences across the Nordic countries, 2012 12
  • 13. Entrepreneurship Ecosystems 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. CompositeIndex based on :• Patents• LQ• Venture capital• Dealmakers
  • 16. Startup-America Partnership todevelop stronger ecosystemsAmerica’s Top Entrepreneurs and Business Leaders Form NewAllianceLaunched at the White House in January 2011, the Startup AmericaPartnership is an independent alliance of top entrepreneurs,investors, corporations, universities, foundations, and otherleaders, joining together to grow the entrepreneurial ecosystems thatsupport innovative, high-growth U.S. startups.The Startup America Partnership has already mobilized morethan $1 billion in private-sector commitments to provideproducts, services, mentorship and funding to scale and grow100,000 U.S. startups over the next three years.
  • 17. What to do in 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. Thank you!Glenda Napier: glenda@regx.dk 20

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