Sweden stays the main startup ecosystem within the EU, 2d simplest to the United Kingdom in Europe as a complete.
That’s in step with this 12 months’s International Startup Ecosystem Index Document through StartupBlink.
Prior to now decade, the Nordic country has emerged as probably the most global’s best tier startup hubs. House to over 7,000 startups and scaleups, Sweden has additionally minted 41 unicorns thus far. This contains high-profile corporations similar to Spotify, Klarna, and NorthVolt.
As well as, the rustic is the Ecu chief in go out price above $1bn, additionally outperforming world powerhouses Singapore, Israel, and Canada.
A lot of elements are in the back of Sweden’s good fortune, together with the top quality of existence. Consistent with native founders, entrepreneurship mentality and collaboration also are key components to the combination. Every other necessary part is an international solution to enlargement.
“Being a small nation implies that there’s a small house marketplace,” Johan Enkelin, co-founder of Stockholm-based industry control advisor Lynxeye, informed TNW in a earlier interview. “So you need to glance brazenly for different alternatives all over the world and learn about what’s occurring out of doors of Sweden.”
Shedding momentum
In spite of the rustic’s main place, 75% of the Swedish startup ecosystems are dropping momentum, in step with the file.
Sweden now has 12 towns within the world 1,000 — down from 19 closing 12 months. Those come with central startup hub Stockholm, Gothenburg, Malmö, and Uppsala.
Stockholm is the one ecosystem that makes it to the sector’s best 100. On the other hand, it used to be not able to protected a place within the best 20, because it did in 2023. This 12 months, it has dropped seven spots, rating twenty sixth.
However, the capital town keeps the fourth place in Europe, after London, Paris, and Berlin. Amsterdam follows in 5th position.
Malmö, Uppsala, and Lund additionally declined, whilst Gothenburg jumped up 28 spots, achieving quantity 133 international.
Total, Sweden is the 6th best-ranked nation within the phrase, down one position from 2023.
