121

News

Denmark earmarks venture capital millions for developing nations

Christian Wenande
June 13th, 2016


This article is more than 8 years old.

Funds aims to get the business sector involved with the green transition

Kristian Jensen (left) spearheaded the 3GF summit last week (photo: 3GF)

In an effort to urge more Danish companies to engage in investment projects in developing nations, Denmark has set aside 50 million kroner in venture capital.

The funds will be obtained through the Investment Fund for Developing Nations (IFU) and will go to help fund the 17 new global goals that were top of the agenda at the 3GF summit in Copenhagen last week.

“The new global goals offer huge opportunities for Danish companies,” said the foreign minister, Kristian Jensen.

“Therefore, we are now setting aside 50 million kroner in venture capital for the development of new investment projects in Africa, Asia and Latin America. This will help promote sustainable investments in people and environments with maximum opportunities for Danish companies.”

READ MORE: Denmark to push the green envelope as 3GF hosts

Overcoming risk
The initiative comes following the 3GF summit in Copenhagen last week, during which Jensen discussed the global goals as part of business opportunities with a number of players, including Grundfos chief executive Mads Nipper and a former British minister, Lord Mark Malloch-Brown.

Both are members of a Danish-supported international commission that aims to promote contributions from the business sector to help reach the 17 new global goals.

“There are still many Danish companies and financial institutions that avoid larger investment in developing nations,” said Jensen.

“That’s down to the great risk that can be associated with the investments, as well as the investments taking a lot of time and being relatively costly, so it’s important we release state development funds for their disposal in the form of venture capital.”


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

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.”