Live at Innovation and Technology, started the day with a speech from Jeff Pulver, good and inspirational, thanks Jeff!
Some facts about the Swedish Entrepreneurial climate, after some input during the day; Out of 25 EU countries, Sweden ranks no 18 in number of people owning or running a Business. Then there is a difference between the large international companies and the Mom & Pop stores, but all companies start small…
Sweden and Stockholm holds the promise of being one of the most promising innovation and entrepreneurial centers, with a high concentration of international companies to lure skilled staff from or as early customers, good innovation climate, fairly low salleries and living costs, but…
– High taxes creates fewer Business Angles, compared to most European countries and the US (less rich people in Sweden and a general low risk attitude).
– High labour costs due to high employment taxes (50% for low income, 75% or more for manages etc)
– Government seed funding is very low, compared to the US.
If Sweden could address some or all of these, Sweden and Stockholm in particular holds the promise to be one of the best innovation centers in Europe. Even though being a UK resident, being a Swede and Entrepreneur at heart I take an interest in these matters and I hold high hopes for the new government to change things.
Blogging live from Innovation & Technology, https://innovation-technology.se/