INTRO

INTRO

In Denmark, new companies account for 9% of the employment. In the US, new companies account for

25% of the employment

Source Ibsen og Westergaard-Nielsen (2010): Job creation by Firm in Denmark & Haitiwanger og Miranda (2010): Who Creates Jobs? Small vs. Large vs. Young. Se FORA (2010): Den danske produktivitetsudfordring.

USADK

More than 10 years old 1-10 years old 0-1 years old

We have benchmarked regional ecosystems in IT, Biotech and

Cleantech in the US, Canada and Europe

Benchmark of ecosystems

INTRO ECOSYSTEMS

The benchmarks are based on 4 indicators:

Dealmakers, Venture capital, Patents, Location coefficient

INTRO ECOSYSTEMS

Ecosystem ratings for USA and Northern Europe

Source: Own calculations

BiotechIT & Tele

Strong ecosystems emerge when open and innovative companies - mother companies - are active in the

ecosystem

INTRO ECOSYSTEMS

and

When successful entrepreneurs - serial entrepreneurs - remain in the region and

reinvest time and resources

We interviewed key players from the Danish biotech

Danish Biotech Ecosystem

INTRO ECOSYSTEMS BIOTECH

International data on employment, venture capital and university research illustrates the standing of

the Danish biotech cluster

INTRO ECOSYSTEMS BIOTECH

The reason for the relative success was access to venture capital and experienced

professionals from established companies e.g. Novo Nordisk

The biotech cluster in Copenhagen is one of the biggest in Europe , but far behind the best

clusters in the US

“Many of the leading Danish biotech companies were established in the period 1998 to 2001 and many of them  by talented people from Novo, who had some great ideas and was supported by Novo to take the step. Without any doubts, it has helped to bring the Danish biotech cluster up among the world's largest clusters"

Christian Motzfeldt, Vækstfonden

"The culture at large companies play an important role in Danish biotech. It is important that talented people can  join a startup for a while, and still feel they are welcome back. Established companies may be important facilitators when people try to break new ground and start their own business"

Mads Øvlisen,Copenhagen Business School

INTRO ECOSYSTEMS BIOTECH

 “It can be a challenge to become CEO of a new biotech company for an employee from e.g. Novo or Lundbeck if they haven't been part of the management team which often both formulate and execute the strategy.” 

Eva Steiness, newpharma.dk

VækstfondenCopenhagen Business School

New Pharma

"In the late 1990s there was relatively easy access to venture capital. There was a strong belief in the new technology, and there was access to public co-financing from the Growth Fund.  In 1998, Zealand Pharma raised 175 million DKK in seed capital.”

Eva Steiness, newpharma.dk

that strong ecosystems develop randomly -

Until now it has been a widespread assumption

depending onculture , local assets and individuals

INTRO ECOSYSTEMS CONCLUSIONREPORTS

based on our findings, we will argue that this could happen by intent anywhere

But

INTRO ECOSYSTEMS CONCLUSIONREPORTS

If large established companies are open and play an active role in the ecosystem

And if successful entrepreneurs stay in the region and reinvest their time and resources in

the ecosystem

CALL FOR ACTION

Who should act?

Established companies

Venture capitalists

Politicians

Universities

INTRO ECO-SYSTEMS CONCLUSIONREPORTS ACTION

Danish Ecosystem Project

Objective Develop the ecosystem in Copenhagen together with private stakeholders

Approach Working with an American expect, involving large companies at high level

Outcome Workshop med 10-15 largest Danish companies, case stories, international CEOs

Take away Be careful with the framingHigh level, high quality (public sector a con)

INTRO ECO-SYSTEMS CONCLUSIONREPORTS ACTION STATEMENTS

Ecosystems are a new policy area with no size fits all, but clearly a role for the public sector to facilitate stake holder dialogue – every ecosystem needs

a different approach, depending on the relevant stake holders

INTRO ECO-SYSTEMS CONCLUSIONREPORTS ACTION STATEMENTS

Ecosystems are dependent on a strong private sector involvement – in order to be sustainable this

involvement must rest on the companies own long term competitiveness interest, not CSR

Thank You!

TE@EBST.DK