Danish IT companies out to hunt for inspiration and support in Silicon Valley


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Monday, 06 June 2011
There is struggle in the Danish economy right now and creativity has to intensify. One such evidence of forceful creativity is the initiative taken by 20 young Danish IT companies whom will today Monday launch a week-long tour of Silicon Valley in California, USA in search for investors and partners.

Radio Denmark reports that the aim is to gan a foothold of the global IT blood stream that flows from Silicon Valley which is the centre of the world’s largest IT companies and where many of them have emerged.

It is estimated that up to one third of America's total venture capital is present in Silicon Valley, which many of them are also on the lookout for upcoming emerging global companies and ideas.

The campaign to go to Silicon Valley is organized by the Danish Foreign Ministry office in Silicon Valley called Innovation Center Denmark, according to radio Denmark.

The Innovation Center Denmark’s Press officer, Marie Louise G�rvid said of the program of the 20 Danish IT-companies that “They would meet the Danish, successful entrepreneurs, investors, lawyers, and then they will also meet one of Silicon Valley’s big entrepreneurial gurus, Steve Blank, who will coach them on how to materialize their ideas in the international market,” said Marie Louise G�rvid to Danish Radio news.


One of the Danish companies on the trip which hope for a global breakthrough is a company known as Graduateland. The company has created a platform where young people in higher education institutions can apply for both internships and jobs in the world.

"The company which has just started, has gone beyond all expectations," says one of the founders of the company, 22-year-old Jens Reimer Olsen.
“We already have a couple and fifty clients, among them large firms such as Microsoft, Intel, Sisco, Novo Nordisk and the Danske bank,” said Jens Reimer Olsen.

“So it looks really positive and we have already paid our first positive VAT for the first quarter. It seems we are at a very good start,” said Jens Reimer Olsen to Danish radio
By Team

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