Education, Training and Networking for Entrepreneurship in ...

– In Denmark, there is sufficient debt funding
available for new and growing firms
– In Denmark, there are sufficient government
subsidies available for new and growing
firms
– In Denmark, there is sufficient funding available
from private individuals (other than
founders) for new and growing firms
– In Denmark, there is sufficient venture capitalist
funding available for new and growing
firms
– In Denmark, there is sufficient funding available
through initial public offerings (IPOs) for
new and growing firms
Each expert ascertains the truthfulness of each
statement in terms of ’Completely false’, ’Somewhat
false’, ’Neither true nor false’, ’Somewhat
true’ and ’Completely true’. The assessment is
quantified on a scale from 1 to 5. The assessments
are then averaged across the experts
and averaged across the six statements for a
measure for the year. With measurement taken
in 2008 and preceding years we can track recent
changes in financial resources for entrepreneurship.
The availability of funding in Denmark has
changed over the years, Table 4.9. Resources
have tended to increase during the most recent
years. The measurement in 2008, though, was
taken before the current crisis hit.
Table 4.9
Financial resources in Denmark
Annually from 2002 to 2008
2002 2003 2004 2005 2006 2007 2008
3.2 3.0 2.5 2.6 2.7 2.9 2.8
Where does this availability of resources for entrepreneurship
bring Denmark compared to
other countries? Availability is also measured
in the other countries participating in GEM, Table
4.10. Among the developed countries, USA,
Israel and Taiwan have greatest availability.
Denmark is slightly above the middle, with 55%
of the others below.
Table 4.10
Financial resources
The three countries with most financial
resources, the three countries with
least financial resources, and Denmark
2002-2008, weighted toward 2008
USA 3.6
Israel 3.6
Taiwan 3.5
…
Denmark 2.8 55 percentile rank
…
Portugal 2.3
Bosnia 2.2
Poland 1.8
In short, availability of resources has been on
the increase in recent years. Denmark is slightly
above the middle among the developed countries.
Government policies toward
entrepreneurship
Government policies toward entrepreneurship
refer to the policies that the national government
and more local public authorities decide
and implement (Schøtt, 2006a:78, 2007a:40,
2008:23). Government policies in Denmark are
measured annually by asking a panel of experts
to ascertain the truthfulness of each of the following
statements,
– In Denmark, Government policies (e.g.,
public procurement) consistently favor new
firms.
– In Denmark, the support for new and growing
firms is a high priority for policy at the national
government level.
– In Denmark, the support for new and growing
firms is a high priority for policy at the local
government level.
– In Denmark, new firms can get most of the
required permits and licenses in about a
week.
– In Denmark, the amount of taxes is NOT a
burden for new and growing firms.
– In Denmark, taxes and other government
regulations are applied to new and grow-
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