CPH Post

Business

Study shows good returns on R&D investments

Denmark leads the Nordics at profiting from research


Denmark good at investing in health science (Photo: Colourbox)

June 14, 2014
09:37

by Philip Tees


A study published by the Education and Research Ministry has found that Danish companies get more out of investing in research than their competitors in Sweden, Norway and Finland.

Companies in Denmark get a return of 34 percent on investments in research, compared to 23 percent in Finland and Norway, and just 16 percent in Sweden.  

”It’s pleasing that we are so well positioned. Especially in the service industry, we can really get a lot out of investments in research and development. It’s a sign that this we can really get a lot for our money here.”

Philipp Schröder, a professor of economics at Aarhus University, believes the study validates that money spent by companies on research is a good investment.

“The analysis also shows that, for foreign investors, it can pay off to invest in research and development in Denmark,” he told Jyllands-Posten.

“Out of the four Nordic countries, it is the Danish companies that are good at turning research and development into value,” he continued.

Prioritisation
Meanwhile, the study has caused Danish industry advocates Dansk Industri to question the prioritisation of research resources.

Charlotte Rønhof, the organisation’s head of research, explained the concern to Jyllands-Posten.

“In Denmark we are good at investing in health science, and that makes good sense, because we have strong pharmaceutical companies," she said.

"But other companies have interests in technical sciences like the energy, the environment, transport, IT and food sectors. The government doesn’t make enough of this."



Related stories



Latest Comments

They stole my bike.

(Juliousbass "the Future of Bass" on October 23, 2014 13:57)

Misplaced priorities . GCs are brought in to add value to the economy , They...

(Rajiv Banerjee on October 23, 2014 11:12)

Encoding is broken.

(Jon Ask Jacobsen on October 23, 2014 10:14)

I know a few Danes that were deported from the states so i support this. ;-)

(Juliousbass "the Future of Bass" on October 22, 2014 21:00)

Culture vultures

(Juliousbass "the Future of Bass" on October 22, 2014 20:55)

This is so cool. Funerals with the horse drawn hearses are always so sad &...

(Buzzy Sørensen on October 22, 2014 15:39)

Fraud seems to be an integral part of the Vestas business model. Allegations...

(Bill Jones on October 22, 2014 14:05)

This Brit has a long way to go before he is integrated in Denmark, and...

(Nicholas Gunder on October 22, 2014 13:43)

He has to defend a 12000 DKK spend? That is a joke.

(Andrei Grigorian on October 22, 2014 12:50)

Of course Denmark wants 'cash-free' transactions. This will reduce or...

(Calvin Bernhardt on October 22, 2014 10:32)