Starting your life science company in Denmark

Why would you move your company to Denmark?

Denmark is one of the world’s best countries for business and was ranked no. 6 in the world and no. 2 in Europe on the 2018 Global Entrepreneurship Index. The Global Entrepreneurship Index scored 137 countries on 14 pillars of a healthy entrepreneurship ecosystem, with Denmark’s strongest areas being opportunity perception, opportunity start-up, technology absorption, human capital, product innovation and risk capital.

The Danish government initiative, Start-up Denmark, is now looking for startups who wants to be a part of one of the strongest ecosystems in the world. We welcome startups within the verticals of foodtech, life science and tech.

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An overview of the Danish Life Science Ecosystem

Denmark, and particularly its capital, Copenhagen, offer a strong ecosystem within life science, where Copenhagen and the surrounding area account for more than 50% of all the life science industry’s Nordic positions. As a life science startup in Denmark, there is plenty of help and support available, as major regional players such as Novo Nordisk, Leo Pharma and Lundbeck, as well as recognized universities like the University of Copenhagen and the Technical University of Denmark all financially support several initiatives intended to help startups in biotechnology and bioscience.

The Danish life science ecosystem offers good opportunities for life science startups to grow as there is easy access to the healthcare system and to recognized universities, as well as good opportunities of making experiments and seeking expertise from leading Danish companies and industry experts. Conditions for raising capital for life science companies are also very good.

In short, the Danish life science ecosystem is thriving, and it scores high on important dimensions such as opportunities for funding, access to knowledge, access talent pools, good infrastructure and entrepreneur-friendly politics. As a life science startup in Denmark, you will find yourself in an industry with a position of strength as it leaves a large economic footprint and has by far made the largest increase in revenue from 2008 to 2018.

Would you like to know more?

What better opportunity to learn more about the danish startup ecosystem, than to learn directly from two of the builders. Contact us below, if you have direct enquiries, questions, if you are just curious or if you would like to get involved with either COBIS or Accelerace.

The Startup Denmark Program

Startup Denmark is a scheme for foreign entrepreneurs (non EU citizens) giving you the opportunity to be granted a Danish residence permit in order to establish and run an innovative growth company.

The scheme can be used by both individuals and teams of up to 3 people who want to start a business together in Denmark through a joined business plan.

You apply on the basis of a business plan which is evaluated by an expert panel. If the panel approves your business plan, you are eligible to apply for a residence and work permit as a self-employed entrepreneur. The permit is granted for a period of up to two years with the possibility of extension for three years at a time.