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The Scandinavian Democratic Governmental Support Model for Start-Ups and Innovations (SDeGMSI)

Markopoulos, Evangelos; Rourke, Hugo; Vanharanta, Hannu; (2022) The Scandinavian Democratic Governmental Support Model for Start-Ups and Innovations (SDeGMSI). In: Creativity, Innovation and Entrepreneurship. (pp. pp. 259-270). AHFE International Green open access

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Abstract

This paper attempts to identify the main elements of the unique Scandinavian government business policy formula for innovation start-up success, particularly in Sweden and Finland, which has been key in creating a region with an incredibly high density of “unicorns” (billion-dollar companies), second to Silicon Valley. The paper introduces the Scandinavian Democratic Governmental Support Model for Start-Ups and Innovations (SDeGMSI), a globally applicable public sector model for the support and encouragement of start-ups and business innovation. The model is based on Scandinavian governments’ practices while also accounting factors such as cultural values, the performance of local economies, and demographic characteristics. The democratic dimension is powered with the Company Democracy Model, another Scandinavian innovation management model. SDeGMSI provides critical, fair, and unbiased support of the government to all the organizations and start-ups that can demonstrate significant and valuable intellectual capital for the economy and society.

Type: Proceedings paper
Title: The Scandinavian Democratic Governmental Support Model for Start-Ups and Innovations (SDeGMSI)
Event: 13th International Conference on Applied Human Factors and Ergonomics (AHFE 2022)
Open access status: An open access version is available from UCL Discovery
DOI: 10.54941/ahfe1001528
Publisher version: https://doi.org/10.54941/ahfe1001528
Language: English
Additional information: © 2022 Published by AHFE Open Access. The authors of papers published in the AHFE Open Access Proceedings will retain full copyrights as specified by the provisions of the Creative Commons: http://creativecommons.org/licenses/by/4.0.
Keywords: Innovation, Startup, Government, Public sector, Scandinavia, Management, Leadership, Democracy, Research and development, Technology, Busines
UCL classification: UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL
URI: https://discovery.ucl.ac.uk/id/eprint/10153343
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