Nordic Entrepreneurship Monitor 2010

The Nordic Entrepreneurship Monitor offers policymakers, practitioners and academics a unique insight into entrepreneurship across the Nordic region as well as including new and previously unpublished Nordic data on entrepreneurship performance. The Nordic Entrepreneurship Monitor builds on the central finding that entrepreneurship policy matters. When governments work strategically with providing good entrepreneurship conditions they experience better entrepreneurship performance as a result. In the analysis of the entrepreneurship performance of the Nordic region, the Nordic Entrepreneurship Monitor finds that the challenge of creating new firms seems to have been overcome. The major challenge in the Nordic region today is fostering firm growth. The analysis of the entrepreneurship conditions shows that access to finance as well as knowledge creation and diffusion are the two Nordic strongholds, while entrepreneurial capabilities and culture are the major challenges faced by the Nordic region. The Nordic Entrepreneurship Monitor identifies one central problem in the Nordic region to be an inadequate entrepreneurship infrastructure. In order to help firms scale-up after the initial growth phase Hubs for business development must be created where start-up companies exists in the right culture, have access to the right networks and interact with the right people. On the basis of the analysis, the following recommendations are put forward: Build a common Nordic Growth Programme Establish a Nordic Entrepreneurship Education Programme Create a Nordic Entrepreneurship Policy Forum Improve Nordic entrepreneurship financing opportunities Strengthen Nordic entrepreneurship data, policy analysis and international benchmarks The Nordic Entrepreneurship Monitor provides an in-depth analysis of entrepreneurship across the Nordic region, building on detailed descriptions of entrepreneurship in each of the Nordic countries.