Denmark’s Ministry of International Affairs performs a purpose in attracting overseas providers to create a presence in the country, no matter if that be a study and enhancement centre, a regional headquarters or a profits office environment, and Commit in Denmark is the component of the ministry tasked with accomplishing that.
“Our occupation is to attract international businesses to Denmark,” suggests Andreas Clausen Boor, team leader for the tech staff at Make investments in Denmark. “And if they are intrigued, we support them. We introduce them to the correct clusters.
“We also try to support full industries when those industries are regarded strategic. For illustration, we motivate the advancement of ecosystems, primarily for up-and-coming sectors, such as quantum computing, that are not however thoroughly produced.”
A person area exactly where Denmark stands head and shoulders earlier mentioned other European nations around the world, in accordance to the World Bank report, is in the simplicity of undertaking business enterprise. For all the eight years that the report has been released, Denmark has ranked the maximum in Europe in this regard.
A single component that is specially attention-grabbing for startups is Denmark’s highly adaptable labour laws. The government makes it uncomplicated to minimize the workforce, though at the exact aiding workers to develop competencies for their upcoming positions. These laws comply with what is sometimes identified as a “flexicurity” method – a superior diploma of adaptability for employers, along with a high degree of safety provided to staff members by the authorities.
“This design is critical when you enterprise into investments overseas,” states Boor. “You seriously really don’t want to get stuck in a scenario you can not get out of.
“As a region, we take into account it essential to have a competent workforce. Though the variety of likely workers is confined by the compact Danish population, the talent level is pretty large – not just in terms of investigation at universities, but also in conditions of the graduates that go to operate in firms.”
Boor provides: “We are very fantastic at cooperation in common, and that is important when you are creating ecosystems. In standard, there is strong cooperation concerning investigate institutes and organizations.
“Because we are a little country, we know that to contend, we require to be tremendous impressive. Of study course, for that, you want very very good researchers and the capability to consider that investigate and feed it into solutions that can be introduced to market place. Denmark is presently quite superior at that. Listed here at Commit in Denmark, we aid organizations to community with customers of the neighborhood investigate community.”
Despite the fact that foreign corporations are not likely to mature their person foundation considerably, specified Denmark’s small population, there are some items that are extremely interesting about Danish consumers. Denmark is one particular of the most digitised international locations in the world, rated fourth in the Worldwide Institute for Management Development’s Planet digital competitiveness ranking 2021.
“The higher degree of digitisation tends to make Denmark a extremely great desired destination for organizations that want to develop consumer-friendly technology,” claims Boor. “All Danes use engineering every single day – and lots of do so most of the day. They connect not only with just about every other, but also with providers and general public entities. This would make it a very good sector for businesses to take a look at their solutions.
“Another essential offering issue is that it is substantially much easier to be sustainable in Denmark mainly because of the accessibility to eco-friendly, clean energy. When this is true for all industries, it is especially interesting for any person with a datacentre, since they use an huge amount of electric power. Denmark has other programmes for sustainability – for instance, warmth exhaust is fed back into district heating programs.”
The Danish govt attempts to concentration on selected strategic industries – all those where by Denmark has a study gain or where by the competencies amount is substantial. There are also sectors in which the country would like to develop expertise to be in a position to export in the upcoming.
“We have some export tactics for tech in general,” states Boor. “When we export tech alternatives, it is really generally similar to govtech, for the reason that we are tremendous sturdy at that. Which is an area wherever we can compete with most international locations in Europe.”
Robotics and drones
Robotics and drone technology are also large locations for Danish innovation. These systems are targeted in the spot all over Odense, in which the expression “cobot” was invented in reference to collaborative robots, which enable individuals to do their get the job done, like a co-worker.
“Normally when we consider of robots, we believe of these huge assembly traces,” says Boor. “But that is not what they are accomplishing in Odense. They have made the technological innovation that you can apply to pretty much any setting in which a human remaining demands enable to do repetitive tasks.
“They are undertaking robotic arms, for occasion, that are tremendous state-of-the-art and use AI [artificial intelligence]. Let us say you are doing work as a biochemist, and you have to put these molecules into a flask – and you want to do that consistently. The robotic arm will do that for you.”
Boor adds: “There is also a pretty sturdy drone atmosphere centred all-around an airport in Odense that is now used for drone screening. It is a unique put in Europe, exactly where you can fly drones further than line of sight. That is not authorized in most locations.
“We also have a aggressive edge in AI, in the fintech sector and in quantum computing and quantum systems in general. And then there is sound engineering. There is a pretty solid tradition of sound engineering in Denmark, not just speakers and hearing aids, but tremendous difficult seem solutions where you can measure all sorts of matters with the acoustics.”