Copenhagen no. 5 in Europe for startups and scale-ups
23 October 2015 - Business conditions
Scoring highly on business environment, R&D, access to capital and infrastructure, Copenhagen ranks at number five for both startups and scale-ups in the European Digital City Index 2015.
Copenhagen provides a very positive environment for startups and scale-ups. The Danish capital scores highly on its business environment, access to capital and non-digital infrastructure criteria, and Denmark as a whole, has the highest number of broadband internet connections per capita in Europe (OECD).
The European Digital City Index 2015 moreover points out that Copenhagen has a rising number of accelerators, incubators, co-working spaces and investment funds such as the government-supported venture capital such as Vækstfonden and private venture capital such as Novo Nordisk.
Innovation leader in cleantech, healthcare and smart city
Focal areas of innovation include green growth, healthcare and smart digital technology.
Denmark has also been named the most creative country in Europe by the Global Creativity Index 2015, and continuously ranks high in liveability and happiness indices globally.
No. 1 for ease of doing business
- No. 1 on ease of doing business, measured by the World Bank
- No. 1 on research and development intensity
- No. 2 on non-digital infrastructure
- No. 3 on availability of early-stage funding
- No. 3 on size of potential mobile-based market
- No. 4 on access to capital, overall
- No. 4 on standard of living
- No. 6 on access to ICT employees
- No. 6 on knowledge spillovers, overall
- No. 10 on English skills
About the European Digital City Index
The European Digital City Index (EDCi) describes how well selected European cities support digital entrepreneurship. The Index covers all capital cities in the EU and seven non-capital cities in the EU that are important hubs of digital entrepreneurship.
For startups and scale-ups, it provides information about the strengths and weaknesses of local ecosystems, allowing them to plan accordingly and consider where they may need to devote more resources.
Source: the European Digital City Index 2015