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Entrepreneurs Build Business in Scandinavian Countries (Denmark, Finland, Norway, Sweden)
Low corporate taxes and safe cities make Scandinavia a popular place to start a business in. Along with this, Scandinavian countries are looking to become a global leader in developing exciting new technologies in the energy industry.
Scandinavian countries are looking to become a global leader in developing exciting new technologies in the energy industry. Venture capitalists have invested billions of dollars in “clean technology” and the sector should continue to grow as more projects become economically feasible. Dow Jones director of research, Jessica Canning, has stated, "The energy industry is so massive that any slice of it can produce substantial returns to the investor, regardless of if they're targeting the consumer or enterprise”. Just recently the Swedish forestry and timber product company Södra and the Norwegian energy company Statkraft have come to an agreement on renewable energy valued at up to SEK 10 billion (Euro 1 billion). The agreement initiates a range of investment projects and cooperative agreements in the energy sector and is expected to be definitively signed in the autumn of 2009.
Countries like Sweden, Norway, Finland and Denmark are producing some of the most innovative companies in the world in not only renewable energy but also fuel-efficient vehicles, telecommunications, petroleum production and pharmaceuticals. Scandinavian students are among the world leaders in science and math skills and have vast technological backgrounds in many different fields. Many are looking to present their ideas in a time when investors are looking for the next big innovation.
The Scandinavian branch of the Angel Investment Network (http://www.scandinavianinvestmentnetwork.com) has set up a network looking to bring together entrepreneurs from cities like Helsinki and Reykjavík with business angels in Copenhagen, Stockholm and Oslo with hopes of raising venture capital through prospective investors worldwide. Angel investors not only provide young entrepreneurs with capital, but also priceless information attained from their experiences as upstart entrepreneurs themselves. They provide vital contacts and guidance to talented but inexperienced entrepreneurs as they learn the ways of the business world.
Events like the Stockholm Venture Day also help get the word out about local entrepreneurs. The main theme of this year’s conference is “From Seed to Star” - a guide for new clean-tech start-ups towards becoming a successful company. Internationally renowned clean-tech entrepreneurs, venture capitalists, public financiers and policy makers from across the world will share their views during presentations and networking side events.
Find out more about how to connect with business angels and entrepreneurs in Denmark, Finland, Iceland, Norway and Sweden via the Angel Investment Network at http://www.scandinavianinvestmentnetwork.com - and view latest proposals at http://www.scandinavianinvestmentnetwork.com/
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The Angel Investment Network currently includes a wide range of International investors looking for investment opportunities, along with entrepreneurs in various countries looking to get their business off the ground.