{"id":4865,"date":"2020-02-21T11:30:01","date_gmt":"2020-02-21T10:30:01","guid":{"rendered":"https:\/\/blog.startups.ch\/en\/?p=4865"},"modified":"2020-02-21T11:31:31","modified_gmt":"2020-02-21T10:31:31","slug":"the-next-generation-of-successful-swedish-startups-is-already-at-the-starting-gates","status":"publish","type":"post","link":"https:\/\/blog.startups.ch\/en\/the-next-generation-of-successful-swedish-startups-is-already-at-the-starting-gates\/","title":{"rendered":"The next generation of successful Swedish startups is already at the starting gates"},"content":{"rendered":"\n

Sweden offers startups an ideal breeding ground. This is demonstrated in the high concentration of internationally successful startups like Spotify, Klarna, Soundcloud or King.Now the next generation of companies should follow that could go far. <\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Spotify, Klarna, Soundcloud or King: Right\nbehind Silicon Valley, the concentration of unicorns \u2013 startups with a\nvaluation of more than one billion dollars \u2013 is highest in Sweden. However, in Sweden there are 20 startups for 1000 employees, compared to\njust five in the USA. The Scandinavian country presents itself as particularly\ninnovative and entrepreneur-friendly. The government also promotes in\nparticular the cooperation of various startups with universities or larger\ncompanies.<\/p>\n\n\n\n

Of the successful Swedish startups, many are relying on digital business\nmodels. Of these, particularly Spotify has a ubiquitous presence today. With\nmore than five billion euros in revenue, nearly 100 million paying customers,\nand close to 3700 employees, the music streaming provider is no longer anything\nclose to a small business. Additional Swedish success stories are\nSpotify-competitor, Soundcloud, the payment service provider, Klarna, and the\napp developer, King, producer of the well-known mobile game \u201cCandy Crush\u201d.<\/p>\n\n\n\n

The roots of the thriving Swedish digital economy go back to the first half\nof the 90s when Sweden was recovering from a serious banking crisis. At that\ntime, the government implemented several entrepreneur-friendly reform measures.\nThus, for example, the corporation taxes were lowered, smaller businesses were\ndisburdened, and the market was further opened for foreign businesses. In\naddition to these rather ordinary measures, however, tax incentives were also\nintroduced for the purchase of computers and investments were made at an early\nstage in the expansion of fast internet connections. As a result, Swedish\ncompanies were given a clear temporal advantage in this ground-breaking\ntechnology \u2013 and this at a time when the internet just began to spread.<\/p>\n\n\n\n

The economic environment, flat organisational structures, and informal\ncorporate culture strengthen the Swedish entrepreneurship and the cooperation between small and large businesses,\nfrom which innovation can emerge. An additional, but important reason for the\nentrepreneur-friendliness of Sweden is found in the open, technology-oriented,\nand collaborative mentality of the Swedes. This mentality is lived out in\nso-called science parks, where companies, startups, universities, and\ncommunities come together. 400 businesses are already working with 7000\ncompanies in these talent pools. With abundant support from the government and\nuniversities, the next generation of successful Swedish startups is intended to\nemerge here. There is no lack of exciting ideas at these locations, although\nonly a few businesses will likely go far. Some of the potential candidates are,\nfor example, CorPower Ocean,\nEpishine, Northvolt or Agricam.<\/p>\n\n\n\n

CorPower Ocean<\/strong><\/h3>\n\n\n\n

The Stockholm-based startup plans to gain energy with the help of waves.\nThe operating principle can be compared to the pumping principle of the human\nheart. For this, the company is working on a prototype of a buoy of a\nconsiderable size. As a highly effective wave power plant, it is intended to\nsignificantly enhance the energy generation and movement of an incoming wave\nand convert it into energy. The project is still in the test phase. The vision\nof CorPower Ocean is to have buoy parks based on the current offshore wind\nfarms. However, the interest of large energy producers must still be awoken for\nthis.<\/p>\n\n\n\n

Epishine<\/strong><\/h3>\n\n\n\n

Storing energy from the sun is the idea of Epishine. Unlike existing\nconcepts, however, the energy of a solar plant is not intended to be\ntransferred to battery storage, but rather to a strip reminiscent of an old,\nwide film strip. This involves OLED cells arranged in a series, which are used\nin smart phones and TVs. The completely organic strips are intended to be\nprinted with a machine, which is based on an old newspaper printing press. In a\nfirst step, Epishine wants to replace batteries from devices, such as smart\nphones, with OLED strips. These could be found, for example, on the back of a\ndevice and even be use artificial light in the office or bedroom for charging the\nsmart phone. As additional, future usage options, Epishine has talked about the\ncoating of roof tiles, windows, or even sails.<\/p>\n\n\n\n

Northvolt<\/strong><\/h3>\n\n\n\n

Conversely, Northvolt relies on batteries. Europe\u2019s largest battery cell\nplant is being developed in the northern Swedish city of Skellefte\u00e5. CEO, founder,\nand Ex-Tesla manager, Peter Carlsson, needs 1.6 billion euros by the middle of\nthe year for the first phase of construction. \u201cIt looks promising that we will\nsuccessfully finish the round in later spring or early summer\u201d, said Carlsson.\nThe factory should have an annual capacity of 16 gigawatt hours. \u201cWith that, we\nwould be able to produce batteries for 250,000 to 300,000 electric cars each\nyear. For this capacity, we are almost fully booked with orders from customers,\nwith which we finalised agreements\u201d, stated Carlsson.  Northvolt expects that there will be at least\n10 mega battery factories in Europe in 2030, and hopes that perhaps three of\nthese will be from Northvolt. Due to the fact that several Asian battery\nmanufacturers, such as LG, Samsung, CATL or SK Innovation are surging onto the\nEuropean market, the \u201cEuropean Battery Union\u201d was also founded, which Northvolt\nwill lead together with VW. <\/p>\n\n\n\n

Agricam<\/strong><\/h3>\n\n\n\n

Ellinor Eineren from Startup Agricam is dedicated to fighting mastitis. This is the term for a frequently occurring disorder in dairy cows, in which the udder becomes inflamed. The only treatment is the administration of antibiotics, which acts negatively on the animal itself, as well as on the meat and the milk. For the affected farmers, mastitis frequently leads to sales declines and in the worst case, even the loss of the animals. Agricam has now developed a thermal imaging camera that is able to detect the disease four days prior to the outbreak. For this, the camera is mounted in the stable at a location where the cows frequently walk by. By means of an additional, implanted chip, data can be gathered about them and data deviations can be recognised. Thus, the sickness levels of the cows can be reduced from 23% to 6%.<\/p>\n\n\n\n

Do you have any innovative business idea you would like to make come true? Use STARTUPS.CH experts to become self-employed.<\/p>\n\n\n\n\u00bb Startups Scene<\/a>\u00bb Found online<\/a>\n","protected":false},"excerpt":{"rendered":"

Sweden offers startups an ideal breeding ground. This is demonstrated in the high concentration of internationally successful startups like Spotify, Klarna, Soundcloud or King.Now the next generation of companies should follow that could go far. Spotify, Klarna, Soundcloud or King: Right behind Silicon Valley, the concentration of unicorns \u2013 startups with a valuation of more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[381],"tags":[],"jetpack_publicize_connections":[],"aioseo_notices":[],"views":2750,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p54Pb1-1gt","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4865"}],"collection":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/comments?post=4865"}],"version-history":[{"count":2,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4865\/revisions"}],"predecessor-version":[{"id":4875,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4865\/revisions\/4875"}],"wp:attachment":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/media?parent=4865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/categories?post=4865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/tags?post=4865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}