The document summarizes findings from the 2012 Nordic Growth Entrepreneurship Review (NGER). It finds that the Nordic region has high levels of startup activity and gazelles, defined as firms with 20% annual growth over 3 years that are less than 2 years old. Gazelles have contributed positively to job creation from 2006-2009, though individual gazelles are small. Finnish gazelles are better job creators. The Nordic region has strong framework conditions for entrepreneurship, second only to the US, UK, and Canada, with Finland ranking highest among Nordic countries. The document recommends developing better data on startups and serial entrepreneurs, as well as creating a diagnostic tool and Nordic partnership to strengthen entrepreneurial ecosystems