Sweden stays the leading start-up environment in the EU, 2nd just to the UK in Europe as a whole.
That's according to this year's Global Startup Ecosystem Index Report by StartupBlink.
In the previous years, the Nordic country has actually become among the world's leading tier start-up centers. Home to over 7,000 start-ups and scaleups, Sweden has actually likewise minted 41 unicorns to date. This consists of prominent business such as Spotify, Klarna, and NorthVolt.
In addition, the nation is the European leader in exit worth above $1bn, likewise exceeding international powerhouses Singapore, Israel, and Canada.
Various aspects lag Sweden's success, consisting of the high quality of life. According to regional creators, entrepreneurship mindset and partnership are likewise crucial components to the mix. Another essential aspect is a worldwide technique to development.
“Being a little nation indicates that there's a little home market,” Johan Enkelin, co-founder of Stockholm-based organization management expert Lynxeye, informed TNW in a previous interview. “So you need to look freely for other chances all over the world and be notified about what's going on beyond Sweden.”
Losing momentum
Regardless of the nation's leading position, 75% of the Swedish start-up environments are losing momentum, according to the report.
Sweden now has 12 cities in the worldwide 1,000– below 19 in 2015. These consist of main start-up center Stockholm, Gothenburg, Malmö, and Uppsala.
Stockholm is the only community that makes it to the world's leading 100. It was not able to protect a position in the leading 20, as it did in 2023. This year, it has actually dropped 7 areas, ranking 26th.
The capital city keeps the 4th position in Europe, after London, Paris, and Berlin. Amsterdam follows in 5th location.
Malmö, Uppsala, and Lund likewise decreased, while Gothenburg leapt up 28 areas, reaching number 133 around the world.
In general, Sweden is the 6th best-ranked nation in the word, down one location from 2023.
