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project info
Start date: 1 January 2016
End date: 30 June 2020
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 19 517 235,14 €
EU contribution: 9 758 617,57 € (50%)
programme
Programming period: 2014-2020
Managing authority: Erhvervsstyrelsen, Afdeling for erhvervsudvikling, Område for regional udvikling
European Commission Topic

Scale-up Denmark

Scale-up Denmark The objective of Scale-up Denmark is to create more high-growth companies by strengthening regional specialisation within the business sector, so that the regions’ strength positions are supported. The initiative is inspired by Team Denmark’s work to develop top athletes by training the best intensively, so that some of them become elite athletes. In the same way, Scale-up Denmark is about the best growth companies taking part in an elite training programme where they are trained to become the elite of the future within their area. The plan is that 298 growth companies will participate in the process from the Central Denmark Region, the Capital Region of Denmark, the North Jutland Region and the Region of Southern Denmark. The expected effect of Scale-up Denmark in the four regions is that 75 % of participating growth companies continue to achieve an annual growth rate of 20 % after the project period has ended. This is achieved through an interregional deployment where ten acceleration environments are established in the regions, where growth companies in each of the regional specialisation areas can participate in the elite training programmes. Initially, the operators recruit and select growth companies both nationally and internationally. This broad recruitment effort is important to ensure that the best growth companies with the highest growth potential are identified and activated. The training programmes are targeted at the individual company’s needs to ensure that they get the most out of the training, where operators and growth companies identify how best to organise a training programme for them so that they can scale up the company as much as possible. Relevant activities in the training programme may include the purchase of external advice, assistance in obtaining external financing, involvement of existing companies or maturation for exit. Involvement of existing companies is central here, as the success of Scale-up Denmark depends to a large extent on how well the ecosystem is activated. In addition, during the training programme, a growth plan is drawn up that maps out how the company is to be scaled up after the training has ended. It also identifies how the scale-up is expected to be reflected in turnover, job creation and exports. It is also fundamental in Scale-up Denmark that it is a sustainable initiative, which is why the focus is on the establishment of a sustainable business model that will continue even after the project period expires.

Flag of Denmark  Byen København, Denmark