The land of Abba, Volvo, and Ikea is a lot extra than simply unforgettable music sounds, nice engineering, and reasonably priced furnishings. Its entrepreneurial spirit and innovation-oriented mindset have turned Sweden into one of the crucial superior nations on the earth, and Stockholm, its capital, has gained the popularity as Europe’s “unicorn manufacturing unit” as it’s house to extra $1 billion-plus corporations per capita than anyplace outdoors of Silicon Valley. Being one of many world’s main startup hotspots, Stockholm has so much to supply. Here’s a nearer take a look at the town’s startup scene.
“We live in a unprecedented time, and there’s no doubt that Sweden is a pacesetter on this proud new world. The dream we had of turning into a tech group 10 to 15 years in the past is now turning into a actuality.” – Daniel Ek, Spotify co-founder
The Metropolis’s prime startup hubs
The Manufacturing unit – Set to open in early 2019, the Manufacturing unit is claimed to turn out to be the most important innovation and tech hub within the Nordics. Backed by the Swedish enterprise capital agency Wellstreet, the Manufacturing unit’s top-class infrastructure is deliberate to host 1400+ individuals, 100+ startups and scaleups, VCs, a tech faculty, labs, and innovation facilities. Moreover, the constructing will embrace a fitness center, kindergarten and restaurant.
SUP46 – Recognized to be the house of the Stockholm’s startup group and the important thing assembly level for all startup fanatics, SUP46 features as a membership-based group, the place members are cherry-picked and provided funding, mentorship and coworking area. Spanning over 2000m2, the area supplies full amenities for members, coupled with top-notch workshops, occasions and a Startup Café.
Issues – Issues is a 2000m2 coworking area for hardware startups, specializing in IoT, automation, robotics, 3D scanning/printing and power. Members are provided three flooring of coworking area, occasion area, assembly rooms, prototyping and testing amenities, in addition to entry to a longtime community of buyers, exterior providers and producers and collaborative alternatives with company companions.
Epicentar – Epicenter is Stockholm’s first digital Home of Innovation and runs innovation labs, hackathons, ideathons and provides versatile workplaces, studios, conferences rooms in addition to world-class workshops and worldwide lectures all yr lengthy. It’s recognized for its voluntary RFID implants with whom members can unlock doorways, entry printers, and pay cashless at merchandising machines.
Norrsken Home – Norrsken Home is Europe’s largest tech hub devoted to social influence and homes individuals with the imaginative and prescient to vary the world. Positioned in a 2400m2 retrofitted tram depot in central Stockholm, the one-stop-shop for social innovation offers top-notch infrastructure reminiscent of coworking area, assembly rooms, skype cubicles, occasion area, playrooms, a meditation room, lounge space, kitchen, and far more.
Prime 5 of the town’s most promising startups
Amuse – Based in 2015 by Spotify, Warner Music and Common Music alumni, Amuse creates a brand new approach for brand spanking new musicians to distribute their music globally and, extra importantly, to be found. The app lets unbiased artists self-publish to Spotify, Apple Music, Deezer, YouTube and elsewhere without spending a dime and gather royalties. On the hand, Amuse makes use of the info to determine promising rising expertise and signal them up.
Einride – Named as probably the most progressive tech startups at CES in 2019, Einride has developed a totally electrical and autonomous logging truck, referred to as the T-Log and T-pod, an electrical self-driving cargo truck, remotely managed by drivers. In 2018 the T-pod was formally put in in a DB Schenker facility in Jönköping, Sweden and the startup signed a MoU with the Dubai’s Roads and Transport Authority.
Kry – Kry is an app-based video service for assembly docs and therapists at any time or any location, by way of smartphone or pill. Aiming to make healthcare extra accessible and handy by way of its digital session providers, Kry reduces the general prices related to main care and targets individuals who both would not have time to go to hospitals or they stay in rural areas. In June, 2018 the startup raised $66 million to fund additional geographical enlargement.
Noomi – Noomi combines hardware sensors and AI of their ‘sensible wristband’, aimed toward enhancing the standard of life for the aged and offering peace of thoughts for family members and caregivers. The wearable gadget could be worn 24/7, and has a battery lifetime of 12 months, throughout which it learns, screens and analyses the modifications in an individual’s every day routine and helps determine potential well being dangers.
Sana Labs – Based in 2016 and backed by a famend set of buyers and advisors, Sana Labs supplies a man-made intelligence platform, which learns from the scholar’s particular person studying type and determines his or her optimum studying sample. The platform, with the potential to revolutionise studying, is at present being rolled out in 75% of faculties throughout Sweden with additional globalisation plans.
The town’s most lively VCs
Creandum – Generally known as the main Nordic enterprise capital agency, Creandum is investing in startups specializing in shopper web, software program, and hardware sectors. With a complete of €435 million raised, 75 investments of their portfolio, in seed, Collection A and later stage rounds, Creandum is the primary cease for any entrepreneur. Notable investments embrace Spotify, Wrapp, Cint, Edgeware, iZettle, Vivino, Videoplaza, and 13th Lab.
EQT Ventures – EQT Ventures is a multi-stage €566 million VC fund, a part of EQT, a number one investments agency. It sometimes invests in tech corporations for quantities between €three million and €75 million, with a geographical give attention to Europe and the US. Notable investments embrace Oden Applied sciences, Holidu, Riskmethods, Min Doktor, Wolt, Verto Analytics, Unomaly, 3D Hubs, Watty, and extra.
Wellstreet Ventures – Wellstreet Ventures is the enterprise arm of the Wellstreet Group, an funding firm, a strategic consultancy agency and a enterprise constructing incubator. Wellstreet Ventures is certainly one of Scandinavia’s most lively buyers in seed and early-stage startups, sometimes investing in know-how, fintech, e-commerce, digital advertising, and logistics.
Industrifonden – Based by the Swedish authorities in 1979 to help industrial improvement however switched to enterprise capital investments in 1996, Industrifonden is among the bigger enterprise capital companies within the Nordics, with $600 million in belongings. Putting give attention to know-how and life science sectors, its portfolio at present consists of 25 corporations, together with Barnebys, Soundtrack Your Model, Fishbrain, AMRA, BONESUPPORT, and Oncopeptides.
NFT Ventures – Established in 2014, NFT Ventures needed to seize the chance within the transformation of banking and monetary providers. It subsequently invests within the fintech sector together with banking merchandise and loyalty packages, and in providers the place fintech is a part of the answer, reminiscent of proptech, insurtech, regtech, and e-commerce. So excess of 40 corporations within the Nordic and the UK markets are backed by them.
Most lively enterprise angels
Erik Byrenius – This entrepreneur turned angel investor is the co-founder and former CEO of European on-line meals ordering firm OnlinePizza, which was acquired by Supply Hero in 2012. He has constructed up a big portfolio of smaller investments in numerous fields. Presently serving as CEO of StartupDocs, he’s additionally a Founding Companion at Nordic Makers.
Henrik Torstensson – Henrik Torstensson is a Swedish entrepreneur and angel investor, at present serving because the CEO and co-founder of the digital well being firm Lifesum. The previous Head of Premium Gross sales at Spotify has invested in Fishbrain, Sparta, Brisk.io, Tieday Group, Videoplaza, Teamtailor, Citadel, and extra.
Jane Walerud – Jane Walerud is a serial entrepreneur and an avid investor, having invested in Klarna, Tobii, Lensway, and lots of extra. Her present position is with Walerud Ventures, a family-run enterprise based mostly in Stockholm. Jane can also be a member of the Swedish authorities’s Innovation Council, a member and gold medalist of the Royal Academy of Engineering, a member of the SUP46 Corridor of Fame and holds an honorary doctorate from KTH.
Nordic Makers – Nordic Makers is a collective of angels which leverage their experience and community to assist entrepreneurs construct digitally scalable corporations with international potential. Targeted on early-stage and seed investments, the corporate has made a number of notable investments together with Simply Eat, Libratone, Momondo, OnlinePizza, Podio, Sitecore, TAT, Unity, and Zendesk.
Stoaf.se – This Stockholm based mostly angel fund consists of 50 enterprise angels who’ve pooled their time, worldwide networks, expertise and cash collectively as a way to assist promising groups and ventures to develop to their international potential. Thus far they’ve made a complete of 55 investments in life sciences, industrial know-how and software program.
Essential Accelerators and Incubators
Amplify – Based in 2017 by outstanding members of Sweden’s know-how, funding and music communities, Amplify is Sweden’s first music tech-oriented startup incubator, supporting younger entrepreneurs who’re making an attempt to include music parts into their tech enterprise. They provide working area, steerage, providers, business experience, and entry to a big community of companions.
KTH Innovation – KTH Innovation is the entrepreneurship centre of KTH Royal Institute of Know-how, providing a structured pre-incubator program in addition to providers associated to enterprise improvement, patents and regulation, funding and undertaking administration. The purpose is to assist the scholars, researchers and staff at KTH commercialise their analysis outcomes and enterprise concepts. It is freed from cost.
The Springfield Undertaking – The Springfield Challenge is a Stockholm-based early-stage investor that spend money on 10 startups twice a yr. Along with the funding, The Springfield Venture contributes with expertise and training from a few of Sweden’s most skilled and profitable entrepreneurs. Since its begin in 2014, it has invested in 32 corporations in quite a lot of levels. Notable investments embrace Pricerunner, Footway, King, and Tradera.
Sting – Based again in 2002, STING is likely one of the main accelerators and incubators for startups within the Nordics. They helps startups in 5 key areas of their enterprise progress and supply monetary help, teaching, recruitment help, networking alternatives, coworking areas and advertising recommendation, however solely 25 corporations are accepted per yr in a really selective course of. Notable Sting alumni embrace Karma, Sellpy, and Watty.
SU Incubator – SU Inkubator develops and accelerates revolutionary enterprise concepts from researchers, college students, alumni and staff at Stockholm College. It gives, by way of a tailored incubator program, enterprise improvement help and a private enterprise coach, in addition to office, infrastructure, and networking alternatives.
The town’s hottest startup/tech occasions
Sensible Minds – Based by Spotify’s co-founder Daniel Ek in 2015, Sensible Minds gathers the world’s “edgiest creators and purposeful leaders”, with the purpose of difficult the established order and discussing how innovation ought to be carried out to redefine the world we reside in. Generally known as the “Artistic Davos”, the convention is on the market by invitation or by means of very expensive tickets.
STHLM Tech Fest – One of many largest startup gatherings in Europe, STHLM tech fest is an annual meetup platform for lots of of tech entrepreneurs, founders, buyers, designers, builders, and journalists, with quite a lot of talks and panel discussions and networking alternatives for fellow startup fanatics. Subsequent version: September 2019
STHLM TECH Meetup – STHLM TECH Meetup is the most important month-to-month startup occasion in Europe. Each month the Swedish startup group gathers and talks about present and future developments within the ecosystem, coupled with particular friends audio system and a small pitching competitors. Greatest networking alternative within the metropolis.
Silicon Vikings Stockholm Chapter – Silicon Vikings is a 40,000+ community headquartered in Silicon Valley whose purpose is to attach the startup and tech communities in Silicon Valley and Stockholm, by sharing experiences, experience, and contacts.