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May 2016
Stockholm – a unicorn breeding ground
Unicorns: Private companies valued at more than USD 1 bln
263 Swedish startups raised USD 23.7 bln
2000-2014
Creandum
Stockholm #2 in Fintech after London –
USD 659 mln invested in last 5 years
100 Fintech startups
in Stockholm
Moving in on traditional bank territory
Inspiration from CB Insights, SEB base webpage slightly modified to make more room
Stockholm’s long path to Fintech success
Technology with a focus on the User
LinkedIn Stockholm Economic Graph 2015
Stockholm’s top industries Stockholm’s unique skills
# 1 in the world in 9 months – Amazing Brands
Strongly
connected
formal
networks
Klarna
11 unicorns or potential unicorns within a few
minutes walk from each other
“Stockholm has accumulated a
high degree of entrepreneurial
experience that continues to be
fed back into the ecosystem.”
- Stockholm entrepreneur
“I really think that there is something special here in Stockholm
that I haven’t seen anywhere in the world. I came here with no
networks and less than six months later, I have an extensive
network in the Stockholm startup community.”
- Hong Kong entrepreneur
Hoffice – a Swedish concept gone global
Thomas Jefferson (1816)
“Laws and institutions must go hand in hand with the
progress of the human mind.”
The problem is that the human mind itself can’t keep
pace with the advances that computers are enabling.
http://wadhwa.com/2014/04/15/mit-technology-review-laws-and-ethics-cant-keep-pace-with-technology/
How do I
declare the
sale of my
bitcoins?
Does
Stockholm
have it all?
World Economic Forum
Results from our preliminary study
 A historically conducive business climate
− Global outlook with international business skillset founded in multinational success stories
− Flat, non-bureaucratic management empowering innovation and collaboration across boundaries
− Strong engineering culture encouraging problem-solving while focusing on solving user needs over
creating most advanced technical solutions
 Supportive economic conditions and government policies
− Foresighted politicians and economic crisis creating enabling conditions
− Substantial social safety net reducing entrepreneurial risks
− Stable government and strong regulatory framework
 Today’s enabling business climate
− Local market of demanding users with high Internet and computer literacy throughout society
− Access to variety of financing sources and “smart money”
− High level of knowledge and other resource flows enabled by a “pay-it-forward” culture through
strong informal networks both locally and internationally
To be launched before summer….
Robin Teigland
robin.teigland@hhs.se
www.slideshare.net/eteigland
www.funnovation.se
@robin.teigland
If you love knowledge,
set it free…
If you like this presentation and would like to contribute to our research,
we accept bitcoins: 1GJR2kE7ebeWwvefHcGCwP2HRfTTjN9ewG.
Thank you!!!!!

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Swedish Startup Phenomenon

  • 2. Stockholm – a unicorn breeding ground Unicorns: Private companies valued at more than USD 1 bln
  • 3. 263 Swedish startups raised USD 23.7 bln 2000-2014 Creandum
  • 4. Stockholm #2 in Fintech after London – USD 659 mln invested in last 5 years 100 Fintech startups in Stockholm
  • 5. Moving in on traditional bank territory Inspiration from CB Insights, SEB base webpage slightly modified to make more room
  • 6. Stockholm’s long path to Fintech success
  • 7. Technology with a focus on the User LinkedIn Stockholm Economic Graph 2015 Stockholm’s top industries Stockholm’s unique skills
  • 8. # 1 in the world in 9 months – Amazing Brands
  • 10. 11 unicorns or potential unicorns within a few minutes walk from each other
  • 11. “Stockholm has accumulated a high degree of entrepreneurial experience that continues to be fed back into the ecosystem.” - Stockholm entrepreneur “I really think that there is something special here in Stockholm that I haven’t seen anywhere in the world. I came here with no networks and less than six months later, I have an extensive network in the Stockholm startup community.” - Hong Kong entrepreneur
  • 12. Hoffice – a Swedish concept gone global
  • 13. Thomas Jefferson (1816) “Laws and institutions must go hand in hand with the progress of the human mind.” The problem is that the human mind itself can’t keep pace with the advances that computers are enabling. http://wadhwa.com/2014/04/15/mit-technology-review-laws-and-ethics-cant-keep-pace-with-technology/
  • 14. How do I declare the sale of my bitcoins?
  • 16. Results from our preliminary study  A historically conducive business climate − Global outlook with international business skillset founded in multinational success stories − Flat, non-bureaucratic management empowering innovation and collaboration across boundaries − Strong engineering culture encouraging problem-solving while focusing on solving user needs over creating most advanced technical solutions  Supportive economic conditions and government policies − Foresighted politicians and economic crisis creating enabling conditions − Substantial social safety net reducing entrepreneurial risks − Stable government and strong regulatory framework  Today’s enabling business climate − Local market of demanding users with high Internet and computer literacy throughout society − Access to variety of financing sources and “smart money” − High level of knowledge and other resource flows enabled by a “pay-it-forward” culture through strong informal networks both locally and internationally
  • 17. To be launched before summer….
  • 18.
  • 19. Robin Teigland robin.teigland@hhs.se www.slideshare.net/eteigland www.funnovation.se @robin.teigland If you love knowledge, set it free… If you like this presentation and would like to contribute to our research, we accept bitcoins: 1GJR2kE7ebeWwvefHcGCwP2HRfTTjN9ewG. Thank you!!!!!