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When it comes to green technology, the Nordics stand out, with Denmark, Norway, Sweden, Finland, Iceland, the Faroe Islands, Greenland, and the US making up the top 10 of the Organization for Economic Co-operation Development's list of the world's most promising regions for green startups.
But while Denmark, Norway, Sweden, Finland, Iceland, the Faroe Islands, Greenland, and the US all rank above average for starting new companies, 95% of the region's startups have opted not to expand beyond the region for more than a decade, Forbes reports.
And that's not just because of a lack of venture capital.
In fact, the region has attracted 30% of European funding in climate technology since 2015, with most going toward B2B-oriented manufacturing and deep technology startups.
But when it comes to scaling up, the region's startups face many challenges, including the loss of skilled workers, costs associated with locating new locations, and the difficulty of setting up a resilient business network.
In fact, the Organization for Economic Co-operation Development reports that 95% of the region's startups have opted not to expand beyond the region for more than a decade.
So what can the Nordics do to position themselves as the world's most
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
People of color make up about 20% of Spokane County, Wash., but they own about 8% of the county's businesses, reports the Spokesman-Review. That's why the Spokane Workforce Council is...more
The New Brunswick Teachers Association is asking teachers and voters in the Canadian province to take a survey ahead of the next provincial election in September, the CBC reports. "We've seen a...more
The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy. This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more
"I don't think many people know about our local ecosystems or recognize how important they are to keeping our beaches beautiful, keeping tourists here, and keeping our water as sparkling clean as it...more
A community college in Muskegon, Mich., is offering a full ride for any student willing to take a year of classes there, the Muskegon Chronicle reports. Muskegon Community College is offering a...more
When Collidescope.io co-founder and CEO Nick Lynch was looking for a new job last year, he came across an ad for a job that seemed like a no-brainer. "I am a software engineer," he wrote. "I...more
Foundation: Community Foundation of Sarasota County
There are nearly 750 nonprofit organizations in Sarasota, Manatee, Charlotte, and DeSoto counties in Florida, providing everything from health and youth services to education and the arts, per a new...more
When it comes to giving back to their communities, employees of companies are doing more than just putting money in their paychecksthey're giving their time and energy. In fact, more than 27...more
Foundation: Daniels Fund, Colorado Trust, Denver Foundation
The new CEO of the Prosperity Denver Fund says she's "thrilled to join the team at Prosperity Denver Fund, in service to the vision of Denver's taxpayers and their investment in the future of our...more
When the Providence Performing Arts Center was looking for a new artistic director earlier this year, it was looking for someone who would be willing to take on the role of artistic director of its...more
Civic Engagement News from...
Community Foundation of Sarasota County
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Community Foundation for Southeast Michigan
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Community Foundation of Western North Carolina
Social Entrepreneurship
Spotlight
Philanthropub: Not Your Typical Noshery
Restaurateurs Nick Vilelle and Raj Ratwani are owners of the CAUSE gastropub, which includes a fresh menu, lively atmosphere, graffiti-inspired artwork, and a hefty beer list.
