Innovation Center Denmark
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| Innovation Center Denmark | |
|---|---|
| Type | Miscellaneous governmental non profit office |
| Founded | 2006 |
| Headquarters | Palo Alto, Silicon Valley |
| Key people | Marianne Toftegaard Poulsen, Director |
| Industry | Advisors |
| Products | Facilitate, connect, innovate and incubate |
| Website | www.innovationcenterdenmark.com |
Innovation Center Denmark facilitates the entry of technology based Danish companies into Silicon Valley, connects research, capital and companies and innovates business models and market strategies. Innovation Center Denmark is a joint effort between The Danish Ministry of Foreign Affairs and The Ministry of Science, Technology and Innovation; a new type of commercial mission located in technological hot spots around the world.
Contents |
[edit] History
On June 2, 2006, His Royal Highness, Prince Joachim of Denmark opened Innovation Center Denmark in Palo Alto, California. This Center in Silicon Valley set out to be a pilot project tasked with creating a sustainable, innovative business model. The result hereof was a decision to open the next Innovation Center Denmark in Shanghai in September of 2007.
[edit] Organization
Innovation Center Denmark is an innovative co-operation between the Ministry of Foreign Affairs (The Danish Trade Council and Invest in Denmark) and the Ministry of Science, Technology and Innovation.
Innovation Center Denmark is a tangible result of the Danish government’s globalization strategy with the objective to turn Denmark into the leading knowledge based economy by 2016. This ambitious objective calls for innovative new approaches to position Denmark in the global value chain.
Innovation Center Denmark is the sixth Danish diplomatic mission in the U.S. and enjoys a close relationship and co-operation with the Danish Embassy in Washington, and the four Danish Trade Representations.
[edit] Objectives
The objective of Innovation Center Denmark is to link companies, investors, research and innovation communities in Denmark and Silicon Valley. As part of this role, the objective is for Innovation Center Denmark to facilitate the entry of high potential Danish companies into Silicon Valley, to attract in-bound investment into Denmark and serve as the link between research and innovation environments in the U.S. and Denmark.
The focus is on traditional Silicon Valley clusters, i.e. ICT (Information & Communication Technology), Life Sciences, Clean Tech and related areas like design and education.
[edit] Services
Innovation Center Denmark offers a number of services to support the different objectives for the center. All services are customized to each assignment in order to ensure the most beneficial output for the client.
The services are delivered in close cooperation with a number of external strategic partners and supported by the other Danish Representations in the U.S.
To support the needs of Danish high growth knowledge-intensive companies at various stages of their life cycle the following services are offered:
[edit] Silicon Valley Entry
Market assessment / Initial market research to support Review Board presentation
- Silicon Valley Review Board / Business model review and feedback from panel of local business leaders including gap analysis
- Entry Planning / Design of entry planning to close the gaps identified by the Review Board
- Silicon Valley Platform / Flexible and affordable establishment of a home base in the heart of Silicon Valley
- Establish U.S. entity / Facilitate professional services to establish U.S. legal entity
- Networking / Access to specific networks based on individual needs
- Revenue Generator / Identify channel partners and set up distribution
- Innovation 101 / 2-day workshop in co-operation with leading local resources focusing on value innovation and customer focused business models
[edit] Capital Connection
- VC Connection / Groom business models and project presentation before establishing targeted contact to U.S. Venture Capital (Business Plan Review is prerequisite)
[edit] Connected Research
- Innovation Watch / Identify shifts in the strategic focus of global companies along with new innovative initiatives within research in order to represent Danish interests
- Research Connections/ Links between Danish and U.S. research institutions. Long term or project based
- Academic conferences and workshops/The planning, funding and implementation of joint California-Denmark conferences and workshops in any academic discipline
[edit] Invest in Denmark
- Facilitate in-bound investment into Denmark / Focus on establishing R&D departments in the categories if ICT, life science and clean tech
- Benchmarking / targeted benchmarking against alternative locations.
