Greater Copenhagen HealthTech Brief The innovative heart of Nordic life science Official HealthTech Business Brief of Greater Copenhagen Photo: Ty Stange Medicon Valley The innovative heart of - the numbers Nordic life science • 40,000 people employed in life sciences • 90% of Nordic life science graduates • 4 life science-focused universities The leading life science cluster in Scandinavia • 6,000 PhD students • 350 biotech, medtech and pharma companies with local R&D • 2 large research facilities for R&D - ESS and MAXIV Located in an area straddling eastern Denmark and southern Sweden, Medicon Valley has a vibrant ecosystem and enviable talent pool. This is underpinned by life science-focused universi- ties and a superb research infrastructure. Get happy in the Valley Medicon Valley is both a competitive business environment Northern Europe’s The best place and an expression of the Scandinavian quality of life. A happy, fulfilled workforce means a smooth-running business – which leading cluster for for doing business in turn means satisfied, secure employers. science and innovation World Bank studies from 2012-2017 The power and effectiveness of Scandinavian innovation is glob- The Medicon Valley ecosystem provides an exceptional environment for place Denmark as the number one ally recognised – and reflected in Medicon Valley. The area has country in Europe for ease of doing a rich life science heritage and pioneering spirit that continues you to invest in or to locate your business. Medicon Valley is among the world-leading research clusters for materials science and life sciences. business and number three globally to attract many successful companies. Industry heavyweights behind New Zealand and Singapore. like Novo Nordisk, LEO Pharma, Baxter Gambro and Lundbeck The opening of MAX IV in 2016 and the European Spallation Source ERIC in 2019 will further enhance the Medicon Valley cluster’s reputation for Denmark and Greater Copenhagen are present, but so too are many smaller innovative companies also rank 1st in DESI 2017. and start-ups who continue to energise the area. innovation opportunities. 3 Photo: Ty Stange Easy access via HELSINKI OSLO STOCKHOLM 2h Copenhagen Airport TALINN 11/2h GOTHENBURG IKONER / GREATER COPENHAGEN 1h RIGA INGEBORG EIKILL REVIDERET 27.01.2017 AARHUS EDINBURGH Among the world’s EKSISTERENDE GODKENDTE IKONER best regions for attracting talent GDANSK HAMBURG Greater Copenhagen offers a highly skilled, capable and diverse work- AMSTERDAM force, while also investing in future BERLIN WARSAW talent. Apart from well-developed LONDON language skills, high education le- vels and its sheer ambition, what sets the region’s workforce apart is BRUSSELS FRANKFURT PRAGUE its prioritisation of talent. The IMD World Competitiveness Rankings placed Denmark first for investing WIEN PARIS MUNICH in and developing talent. REDESIGNEDE IKONER ZÜRICH BUDAPEST Greater Copenhagen Copenhagen Airport is the largest airport in Scandinavia. As well as having direct flights to all major European cities, Co- – busting the business myths penhagen Airport also has direct flights to key cities like Bei- jing, Shanghai, Tokyo, Ney York and San Francisco. With the recently announced massive exposition plans Copenhagen 1: ARBEJDSKULTUR 2: WORK / LIFE BALANCE 3: SKATTETRYK 4: GRØN BY 5: WORLDS MOST LIVEABLE CITY 6: GOURMET Welcome to Airport will be able to handle up to 40 million passengers annually in the years to come. Greater Copenhagen Copenhagen Airport is The airport Metro and train stations are located above and the best airport in Greater Copenhagen is a metro- under the main arrival area. They connect Copenhagen Air- Northern Europe politan region that covers eastern Contrary to popular belief, operating a business in Greater Copenhagen port and the large venues in the region in few minutes. The journey to Malmö city centre only takes 20 minutes, and you Denmark and Skåne in southern is not particularly costly, taxes are low and staff wages are often very - World Airport Awards, Skytrax 2017 Sweden. The 79 municipalities in competitive. can reach Lund in 35 minutes. Copenhagen city centre is 7: HOUSING 8: ARBEJDSKULTUR 9: LEVEOMKOSTNINGER 10: HYGGE Greater Copenhagen11: LIGESTILLING are home to 12: TRUST only 13 minutes away. 4 million inhabitants and constitute • Greater Copenhagen is actually 15-20 % cheaper than other northern Scandinavia’s largest recruitment European metropolises in terms of salary, social contribution and Malmö and Copenhagen are accessible, attractive and com- base for highly skilled workers. The office rent pact cities where most of the hotels, restaurants, venues, region offers world-class research • Corporation tax in Denmark and Sweden is 22 % - less than the sights and shops are within easy walking distance of each facilities, a creative business envi- OECD and EU averages other. ronment with access to the mar- • Staff costs for highly educated employees, including PhDs, are kets of Denmark and Sweden, and highly competitive. Also, Denmark has Europe’s lowest social a unique work-life balance for all. 13: FÆLLESSKAB 14: FESTIVALER 15: JOB TIL PARTNEREN 16: MEET THE DANES 17: BØRNEINSTUTIONER OG SKOLER 18: ARBEJDS- FAMILIELIV contribution rate paid by employers 4 5 19: PRODUKTIVITET 20: EASE OF DOING BUSINESS 21: ARBEJDSKRAFT 22: DIGITALISEREDE SAMFUND 23: FINANCIEL TEKNOLOGI 24: REGULATORY SANDBOX 25: FINTECH/IT MEDARBEJDER 26: SPROG/SAMTALE Photo: KMD Join the rise of the new HealthTech industry Digitisation is the rule rather than the exception in Greater Copenhagen so it is fully integrated into all aspects of life Evolving technology and the global demand for innovative Strategy and capacity-building in HealthTech health care solutions make Greater Copenhagen the perfect Connecting the dots location for two converging industries: life science and tech. Digital and health literacy involves a range of knowledge, skills The Nordic HealthTech community originated in Greater Copenhagen is currently shaping the rise of the new and behaviour patterns that appropriately – and effectively – Greater Copenhagen. Started with EU-funding, HealthTech industry. engage people in activities related to digital information and HealthTech Nordic has now evolved to become a technologies. community with companies from all Nordic coun- The region has an impressive history of life science and tries. HealthTech Nordic accelerates the growth of technological innovations. From the discovery of insulin to ICT Development Both Sweden and Denmark have detailed national strategies start-ups and unites pioneers in the field of Health- the first mobile phone to Bluetooth technology – all originate Index 2016 for HealthTech. These are the foundations for monitoring cur- Tech. HealthTech Nordic is run by Innovation Skåne from Greater Copenhagen-based science and companies. rent progress as well as for scaling up and adding new servic- together with Oslo Medtech in Norway, Copenhagen The region offers a superior combination of the key factors es within HealthTech. Bio Science Park in Denmark, and Sahlgrenska Sci- needed for the creation and development of innovative and Economy EU Countries / IDI 2916 Value ence Park, Smile Incubator, and Invest in Skåne in successful HealthTech companies. Sweden. HealthTech in Sweden Copenhagen is ranked as one of the five most digital cities Denmark 8.74 in Europe. Greater Copenhagen is at the forefront of imple- Since its initial eHealth strategy in 2005, Sweden has revised menting digital services in both the public and the private United kingdom 8.57 its national focus to: sector, so everything from applications and data transfers to • Empowering and motivating individuals to co-develop licenses runs smoothly and effectively. Sweden 8.45 eServices Cross Technology • Increasing national coordination of health and social care • Improving access to information for decision-making in care Solution’s LifePod Netherlands 8.43 • Increasing focus on national and international issues The LifePod is a modern solution that syncs real-time related to HealthTech Luxemborg 8.36 insights with health care professionals, so those in most need is prioritized. “The cooperation with the The net-savvy North regional hospitals and being part of the vibrant eco- Germany 8.31 HealthTech in Denmark system in the region, including initiatives like Mobile Nordic citizens are generally considered to be Heights and HealthTech Nordic, have been very val- among the most e-ready in the world. Over 90% of France 8.11 Denmark launched its first HealthTech strategy in 1996 so uable for our cloud based digital ehealth offerings”, the citizens of Greater Copenhagen are online – and the use of electronic patient records is well established. GPs says CEO Thomas Bergqwist. their skills and habits are highly advanced. Digitisation and specialists now have access to patient data regardless has been widely adopted in all Greater Copenhagen’s Finland 8.08 of where it was created. All GP offices are computerised. public and private sector domains, including Health- Tech services at hospitals, at GP surgeries, in munic- Estonia 8.07 ipalities, and in private homes. Source: National High-Level Group for HealthTech. National HealthTech – the strategy for accessible and secure information in health and social care. Edita: Ministry of Health and Social Affairs, 2011 (Reference No: S2011.023; http://www.government. se/reports/2011/05/national-ehealth---the-strategy-for-accessible-and-secure- information-in-health-and-social-care/,