The Nordic Innovations Centre, Oslo, has published a report addressing changes needed to promote the creation of new companies and new industries in the Nordic countries.
The members of the initiative, which include the Nordic Seed Capital Forum, Nordic Venture Network and the venture capital associations of Sweden, Norway and Denmark believe that governments in the Nordic countries should aim at creating a more risk taking environment by promoting private early stage investment. Policy makers should ensure that public policy (e.g. tax and regulatory settings) is conducive to venture capital investments they believe. Furthermore, governments should, until there is enough private capital available, invest in the seed stage as well as in funds active in the later stages of venture capital, thus creating a pool of experienced investors. These investment operations need to be executed with patience and in tune with market needs with the aim of creating internationally competitive companies, the report states.
According to the report, public funding should not only go where it is apparently needed most – the seed and early stages – but where it has the highest long-term impact on creating a self-sustainable venture capital market in the Nordic countries.
The report contains general recommendations for the Nordic countries as well as status reports and national recommendations regarding promotion of the seed stage in each Nordic country.
Tax Shelters For Investors: Film, Finance, Forests, Venture Capital A comprehensive report in our Intelligence Report series examining tax-sheltering arrangements for investors, including Venture Capital, Forest Finance and Film Finance in a number of key jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report5.asp
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