The Stockholm Startup Phenomenon

Professor Robin Teigland Stockholm School of Economics

www.slideshare.net/eteiglandwww.funnovation.se

Robin.teigland@hhs.se @RobinTeigland

Sept 2016

Stockholm – a unicorn breeding ground

Unicorns: Private companies valued at more than USD 1 bln

263 Swedish startups raised USD 24 bln

2000-2014

Creandum

Stockholm #2 in Fintech after London – USD 659 mln invested in last 5 years

100 Fintech startups in Stockholm

#1 in the world in 9 months – Amazing Brands

Stockholm seems to

have it all.

World Economic Forum

https://www.weforum.org/reports/entrepreneurial-ecosystems-around-globe-and-company-growth-dynamics/

Selected results from our study

Foresighted politicians and substantial social safety net reducing entrepreneurial risks

Flat networked organizations empowering collaboration across boundaries for innovation and problem-solving

Strong focus on satisfying user needs through technology over creating most advanced technical solutions

High level of knowledge and resource flows enabled by “pay-it-forward” culture through strong informal networks both locally and internationally

Foresighted politicians and social safety net

“When I was young, my family couldn’t afford a computer. But because of this subsidy ……from the age of 10 I was always playing around with it. [It] was very visionary of the politicians back then.”

Zero university tuition fees, etc.

-Klarna CEO & Co-founder Siemiatkowski, The Independent

Flat “network” structure enabling collaboration across all boundaries

Hierarchy Network

X

Technology with a focus on the User

LinkedIn Stockholm Economic Graph 2015

Stockholm’s top industries Stockholm’s unique skills

Strong “pay-it-forward” culture

“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

Stockholm’s entrepreneurial ecosystemJune 2016

http://www.slideshare.net/eteigland/chasing-the-tale-of-the-unicorn-a-study-of-stockholms-misty-meadows

Previous reports

Robin Teiglandrobin.teigland@hhs.se

www.slideshare.net/eteiglandwww.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!!!!!