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Opinion

Startup Capital: The untold story of the Danish startup scene

June 17th, 2015


This article is more than 9 years old.

All around the world we are seeing various lists naming Denmark as the number one country in the world. For example, the happiest country, the most innovative country, the best country to live in, and the list goes on.

These are all things we should take loads of pride in. They serve as a great reminder of our abilities and our energy, and they help companies attract talent from abroad. All of this is fine, but I cannot help but think that something is missing. Where’s the story of our entrepreneurial abilities? Does the world know of the amazing things coming out of our small country? Not really.

PR, PR and … PR
Denmark is one of Europe’s most liberal countries. People are very laid-back and – due to great infrastructure, high trustworthiness and transparency – it’s easy to start a company in Denmark. Not only that, we also have a great track record for amazing companies!

All the ingredients are there, but what is missing is the storytelling part of it. We have simply been too lazy in our efforts to share the story with the rest of the world, and that has consequences.

A two-fold impact
The consequences of a lacking PR effort are two-fold: internal and external. Internally, the effect is that Danish startups are losing the best and brightest talent to big corporations, politicians aren’t pushing additional framework to help foster entrepreneurship further, and big corporations aren’t active in the ecosystem, meaning that the economic growth potential is stalling.

Externally, the impact is that we lose the most ambitious international entrepreneurs, the hotshot investors and the best international talent to cities such as Berlin, London, Paris and Stockholm.

A great track record
Truth be told, a lot of great tech companies have come out of Denmark: Skype and Navision (both sold to Microsoft), Successfactors (sold to SAP), Just Eat (IPO’ed in London in 2014), Zendesk (IPO’ed in New York in 2014), Podio (sold to Citrix), Unity Technologies, and the list continues.


Jasenko_Hadzic_web

Jasenko is a pianist, entrepreneur and community-builder. He has lived and worked in five countries and speaks eight languages. He is currently head of #CPHFTW, an organisation run by startups for startups, which aims to make Copenhagen the best startup city in the world. Find out more at cphftw.org.

 

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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”