The document summarizes findings from the 2012 Nordic Growth Entrepreneurship Review (NGER). It finds that the Nordic region has high levels of startup activity and gazelles, defined as firms with 20% annual growth over 3 years that are less than 2 years old. Gazelles have contributed positively to job creation from 2006-2009, though individual gazelles are small. Finnish gazelles are better job creators. The Nordic region has strong framework conditions for entrepreneurship, second only to the US, UK, and Canada, with Finland ranking highest among Nordic countries. The document recommends developing better data on startups and serial entrepreneurs, as well as creating a diagnostic tool and Nordic partnership to strengthen entrepreneurial ecosystems

1. The Nordic Growth
Entrepreneurship Review
Glenda Napier,
Chief of Analysis, RegX and SDU
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2. NGER Findings 2012:
Growth Entrepreneurship
Performance
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3. High level of Nordic start-up activity
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4. High Nordic levels of gazelles
- firms with average 20% annual growth in employment over a 3-year-period and younger
than 2 years old at the beginning of the growth period, 2009
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5. Nordic gazelles have contributed positively
to job creation in 2006-2009
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6. However, Nordic gazelles are small in size
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7. Finnish gazelles are better job creators
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8. NGER Findings 2012:
Framework Conditions for
Entrepreneurship
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9. Framework conditions in Nordic region second to
USA, UK and Canada, 2012
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10. Regional comparison of the six policy areas
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11. Finland has the best framework conditions of the
Nordic countries, 2012
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12. Similarities and differences across the Nordic
countries, 2012
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13. Entrepreneurship
Ecosystems
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14. Entrepreneurial Ecosystems
Succcessful firms
Established firms
Added value
Added value
Dealmakers Knowledge
Service providers institutions
Serial entrepreneurs
Added value
Added value
Risk capital
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15. Composite
Index based on :
• Patents
• LQ
• Venture capital
• Dealmakers

16. Startup-America Partnership to
develop stronger ecosystems
America’s Top Entrepreneurs and Business Leaders Form New
Alliance
Launched at the White House in January 2011, the Startup America
Partnership is an independent alliance of top entrepreneurs,
investors, corporations, universities, foundations, and other
leaders, joining together to grow the entrepreneurial ecosystems that
support innovative, high-growth U.S. startups.
The Startup America Partnership has already mobilized more
than $1 billion in private-sector commitments to provide
products, services, mentorship and funding to scale and grow
100,000 U.S. startups over the next three years.

17. What to do in the
Nordic region?
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18. Knowledge-oriented Policy Recommendations
• Develop more nuanced internationally
comparable data on startups
• Develop better understanding of serial
entrepreneurs
• Create new internationally comparable
performance data and indicators reflecting the
‘born-big’ firm activities
• Improve the understanding of entrepreneurship
ecosystems
• Create a diagnostic tool for growth
entrepreneurship
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19. Action-oriented Policy Recommendations
• Establish a Nordic Growth Entrepreneurship
Partnership with strong private sector
involvement
• Form an Entrepreneurship Ecosystem Forum
• Evaluate and compare public growth initiatives
across the Nordic countries
• Engage universities across the Nordic countries
firmly in the entrepreneurship ecosystems
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20. Thank you!
Glenda Napier: glenda@regx.dk
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