81

News

Denmark – truly a land of entrepreneurs

Stephen Gadd
April 28th, 2017


This article is more than 7 years old.

The number of entrepreneurial limited companies has more than doubled in two years

Startups taking off in Denmark thanks to 1 kroner requirement (photo: Pixabay)

Interest in a new type of Danish company startup called entrepreneurial limited companies – iværksætterselskaber (IVS) – has increased dramatically.

READ ALSO: Danish startup finding the key to success

Kent Damsgaard, the deputy head of the confederation of Danish industry, Dansk Industri (DI), believes the concept as “an easy and smart way to get started”.

“It only requires 1 kroner in startup capital and it will hopefully become the first step on a journey of growth that will eventually end in a stock-exchange listing,” he told DI Business.

Between 2014 and 2016, the number of new IVS increased from just under 6,000 to 12,000, a new analysis carried out by DI shows.

An extremely popular option
The idea was launched in 2014 and has gained in popularity ever since. In 2016, IVS were involved in 18 percent of new companies.

It is also a fairly safe way of doing things. In general, the number of bankruptcies among companies started in this way is on a par with those started as private limited companies: anpartsselskabernes (ApS). Some 2 percent of ApS folded between 2014 and 2016, and the figure was the same for IVS.

“The fear that this type of company would attract bankruptcy speculators has luckily proved to be unfounded,” said Damsgaard.

“If you take that together with the fact that Denmark is one of the cheapest and easiest countries in the world to start a company, then it’s just a matter of getting started.”


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.”