Report: Copenhagen sees improvement in startup ecosystem

According to a newly-published index, Denmark has the potential to join Sweden as a global startup hub in 2022 

As a startup ecosystem, Copenhagen improved slightly compared to last year, according to startup research centre StartupBlink.

The Danish capital jumped six spots to rank 61st globally and ranked in the top 50 for E-commerce & Retail Technology, Education Technology, Energy & Environment Technology, and Hardware & IoT. 

“Although the country ranking has been stable, all Danish cities in our ranking have increased their position with the exception of Hirtshals, which decreased 238 spots to 937th. Herning is the newest Danish city to enter the top 1,000 at ranking 881, for a total of seven ranked Danish cities,” the report found.

The San Francisco Bay area topped the index, followed by New York, Beijing, Los Angeles and London, while Boston, Shanghai, Tel Aviv, Moscow and Bangalore completed the top 10.

READ ALSO: Copenhagen ranked as the world’s best city to fund a startup

Big potential for 2022
As a country, Denmark made no headway on the index compared to last year, remaining 22nd behind fellow Nordic countries Sweden and Finland, but ahead of Norway. 

“The massive jump in most Danish cities this year shows the potential of the national ecosystem to produce a global startup hub just like its neighbour Sweden,” the report stated.

The report went on to contend that Denmark is well positioned to improve its national ranking next year as the gap between Denmark and higher-ranked countries is much smaller than the gap between Denmark and countries ranked below.

The US was well ahead in first place in the ranking, followed by the UK, Israel, Canada and Germany. Sweden, China, Switzerland, Australia and Singapore completed the top 10.

Download and read the entire ecosystem report here (in English).