High growth enterprises are important contributors to employment and wealth creation in the Nordic countries. Especially, established medium-sized enterprises that innovate and scale-up are a driving force behind sustainable economic growth. Notably by the scale-ups themselves, but also often by ensuring the coordination, upgrading and participation in (global) supply chains of smaller enterprises. Increasingly, governments focus on enabling conditions for the scaling up of enterprises as a lever to boost productivity growth and competitiveness as well as to create high quality jobs in knowledge based economies.
This attention on growth enterprises such as scale-ups has created a need for further statistical evidence about the actual contribution in terms of numbers and economic performance of fast growing enterprises, such as scale-ups. Nordic Innovation has commissioned the Nordic statistical institutes to produce statistics on scale-ups supplementing the existing official business statistics. This publication is the third publication describing scale-ups in the Nordic countries.
