The Danish Startup Ecosystem Guide 2024 - Magazine - Page 31
A village built on industryspecific innovation
Once your CVR number is registered, your business account is ready, and you’ve
started selling, the broad startup advice may no longer be enough. But fear not:
industry-specific clusters are on the rise, and most of them have a lot to offer
startups and scaleups.
D
anish clusters such as Odense
Robotics, Copenhagen Fintech
and MADE - Manufacturing
Academy of Denmark are
networks of companies, entrepreneurs,
investors and other stakeholders within
a speci昀椀c industry or sector. The clusters are designed to create a supportive
environment for innovation - where
startups can grow and succeed within
their speci昀椀c niche.
Denmark has 13 national cluster
networks. They have been designated
as of昀椀cial clusters within Denmark’s
strongest and most promising business
and technology areas by the Ministry of
Higher Education and Science and the
Danish Agency for Business Promotion.
In addition, there are a number of other
Powered by TechSavvy & Heyfunding
similar clusters in other promising business, technology and geographical areas.
The network e昀昀ect
Clusters know their industry inside out
and can therefore offer a unique network,
support, insight and resources to startups
in their 昀椀eld. This can include access to
funding opportunities, mentorship and
guidance from experienced entrepreneurs
and collaboration opportunities with startups within the cluster as well as larger
companies within the industry.
Industry clusters provide a platform for
startups to connect with potential customers, partners, and investors. Clusters
often host events and networking opportunities, such as conferences, meetups, and
demo days, which can be valuable ways
for startups to showcase their products and
ideas to potential investors and partners.
Another bene昀椀t of business clusters
is that they provide access to specialized
knowledge and expertise within a speci昀椀c
industry or sector. MADE, for example,
focuses on manufacturing technologies
and provides startups with access to industry experts and mentors who have deep
knowledge and experience in this industry.
Finally, clusters can help create a more
vibrant and innovative ecosystem in a
particular region. By bringing together
businesses and entrepreneurs within
a speci昀椀c industry, clusters can create a network effect that leads to more
innovation, collaboration, and growth—a
network effect that tends to get stronger
over time.
31
