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Global Entrepreneurship Monitor: Danish National Report 2002

Denmark suffered a decline in its level of entrepreneurial activity in 2002. One in 15 adults were involved in some form of entrepreneurial activity last year, compared with one in 12 in 2001, according to the Mick Hancock and Torben Bager of the Centre for Small Business Studies at University of Southern Denmark.

A participation rate of 6.5 per cent places Denmark twentieth in the Global Entrepreneurship Monitor  (GEM) rankings. But from a European perspective Denmark's performance looks more positive, recording the second highest level of entrepreneurial activity of the 11 GEM nations that are also members of the European Union.

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The key research interest of the Centre for Small Business Research (abbreviated in Danish to CESFO) lies in entrepreneurship and management in smaller enterprises. Attached to the centre are researchers from the University of Southern Denmark's locations Kolding, Sønderborg, Esbjerg and Odense, with the secretariat being based in Kolding. The centre's work adds to and strengthens the knowledge base, informing and influencing the opportunities open to small and medium sized enterprises at a regional level, as well as making research contributions of national and international relevance. CESFO is also involved in collaborative projects with other educational institutes and sectors as well as non-governmental organisations.