Denmark 2019 Denmark 2019 | Page 40

SCIENCE AND TECHNOLOGY A GLOBAL INNOVATION LEADER Denmark is internationally recognized as a frontrunner in several areas of science and technology. E dward Teller rightly said, “The science of today is the technology of tomorrow”. Innovations that drive lasting economic growth, emerge from the most advanced science and technology. Denmark is known worldwide for its high quality and ground-breaking research and development activities, and is one of the few nations of the world that invests 3% or more of GDP in research and development. Danish research institutions are among the most well-renowned in the world when it comes to areas related to life science, biotechnology, renewable energy and food and environmental sciences. This is, among other things, due to the country’s unique interplay and cooperation between industry players in the private sector and research institutions in the public sector. According to the European Commission, Denmark is classified as an innovation leader. The country excels at “open, excellent and attractive research systems, linkages and entrepreneurship, and intellectual assets. In particular, 40 in international scientific co-publications and public-private co-publications, the country is performing well above the EU average.” An innovation-friendly environment Denmark takes the second place among the EU countries, performing above the EU average in close to all dimensions. Most notably in: • Attractive research systems. • Top R&D spending enterprises (per 10m population). • R&D expenditure in public sector. • Innovative SMEs collaborating with others. • PCT patent and trademark applications. • New doctorate graduates. Knowledge and expertise are the most important raw materials that Denmark has in the competition and collaboration with other nations in the world. There is a strong political consensus on the importance of science and