Denmark: For the second year running, Denmarkâs biotech sector is awarded a global top three ranking by Scientific American Worldview and is praised for its generous public sector investment and speedy drug trial application process.
Denmark takes the global top three spot in the 2016Â Scientific American Worldview Scorecard, assessing countries worldwide according to their biotechnology innovation potential, ahead of its European contemporaries.
Denmark gets the top score for intensity, boasting 215.4 international patent applications filed per million inhabitants. When compared to Europeâs four largest economies, Denmarkâs productive patent filling puts the country ahead of the UK, France and the Netherlands, second only to Germany.
Competitive conditions
The life science industry in Denmark currently employs more than 40,000 people. Many of these highly skilled employees are located in Medicon Valley, one of Europeâs top three sites for biotech innovation alongside Cambridge in the United Kingdom and Basel in Switzerland. Add to this a generous public sector investment of around 5.6 billion Euros as well as a drug trial application process of approx. 6 weeks and a high approval rate of approx. 95%. These are just some of Denmarkâs biotechnology strongholds.
Want to know more about biotech in Denmark?
If you want to know more about Denmarkâs biotech industry please contact Rasmus Beedholm-Ebsen, Investment Manager Life Science, via mobile phone +45 8993 5107 or e-mail rasbee@um.dk.
About: The 2016 Scientific American Worldview Overall Scores
To build a reliable assessment of innovation potential in biotechnology around the worldâstretching over 54 countriesâlarge collections of data must be analyzed. The results of this analysis are reflected in the Scorecardâs in-depth outputs shown here, which cover seven categories composed of 27 components. This table provides an opportunity to dig into the details of the results, including the compiled scores and ranks. (For detailed methods, “Scientific American Worldview Scorecard Methodology”)
As in prior Scientific American Worldview Scorecards, the United States ranks at the top of the list in overall innovationâfollowed by Singapore, Denmark, New Zealand and Australia, in that order. The United States, however, only leads in two categories: Productivity and Education/Workforce. Other countries reveal their respective areas of excellence: Denmark gets the top score for intensity; Hong Kong ranks third in Enterprise Support; and Saudi Arabia takes the 12th spot in Education/Workforce, due to its studentsâ strong desire to return home after foreign doctoral studies (low brain drain).
Click for more information on the Scientific American Worldview Scorecard Methodology
