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Some general figures about
entrepreneurship in Denmark
It can be noted that eleven percent out of
Denmark's total amount of enterprises are newly established. These are found
in areas such as knowledge service (29%), retail trade (17%) and
approximately six percent within the industrial field. An estimated 60
percent of these enterprises are likely to make a profit after two years of
operating whereas the remaining 40 percent are likely to fail. Hence, in a
six year period only 25 percent of the enterprises will stay profitable. In
Denmark 30 percent of entrepreneurs are women. Therefore, it can be said that
the entrepreneurial sector is dominated by male. Specifically, in the
Engineering Association of Denmark only 12 percent of the employees are women
while only 1 percent of this sector consists of female entrepreneurs.
Notably, facts show that 57 percent of all entrepreneurs in Denmark are 35
years old and below.
Denmark has a very well-educated population
as a result of good educational systems, a focus on lifelong learning in the
workplace as well as a high emphasise on research in both private companies and
at universities. Further, we find that 22 percent of Danish entrepreneurs have
an undergraduate degree and six percent have a master or PhD degree. It can be
noted in Denmark approximately 25 percent of the female entrepreneurs are
university educated with six percent holding a masters or PhD degree.
Interestingly, Danish society has shifted
from an industrial nation to a society focused on knowledge. As such, the Danish
government emphasises the nations need for more entrepreneurs. As a result, a
new policy has been implemented encouraging Danish people to become
entrepreneurs in the fields of knowledge, knowledge-requiring industry and
service-industry. Consequently, the number of new established enterprises is
rising, especially in the field of knowledge services but the numbers remain low
compared to other European nations in areas such as technology and science. At
present, the enterprises in Denmark are characterised as small and medium size
businesses with maximum 250 employees. Hence, there is no record of the number
of students starting a new enterprise. However, the Business Development
Education in Herning shows records that 25 percent of their students start their
own business upon graduation.
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