Nordic Entrepreneurship Islands

Status and potential Mapping and forecasting Entrepreneurship Education on seven selected Nordic Islands

image of Nordic Entrepreneurship Islands

The pilot project Nordic Entrepreneurship Islands addresses the educational and new business venture challenges on seven selected Nordic islands. The project also addresses the opportunities and potential arising from an increased focus on entrepreneurship education and startup capital for student startups on the islands. The current state of the seven Nordic islands is described through a mapping of the existing spread of entrepreneurship education at the upper secondary and tertiary education levels. This is followed by a presentation, in the form of an informed forecast, of what the future could look like. Each island forecast is given as the possible percentage increase in students receiving entrepreneurship education, student startups receiving a Micro Grant, and the annual costs involved with the attainment of these increases during a five-year period, from 2015/2016 to 2020/2021.



Future entrepreneurial potential

Based on the objective of creating joint Nordic solutions that will entail positive effects for all Nordic countries including the autonomous territories Greenland and the Faroe Islands, the first objective for this pilot project was to ensure a mapping of entrepreneurship education on all seven islands. There is no or only limited prior data available for mapping entrepreneurship in the educational sector in these islands. Knowing the present situation on the islands the second objective has been to define the potential for entrepreneurship education and Micro Grants on the islands from 2016/2017 to 2020/2021. This forecast includes economic measures and is based on six years of experiences and development rates from the Danish Foundation for Entrepreneurship.


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