DISCOVER SWEDEN INNOVATION HUB
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As the home of the Nobel Prize, Sweden is known for its innovation and entrepreneurship.
Even though Sweden is a small country, home to just 0.13 per cent of the global population, it is a world leader in innovation, ranked number 2 in the Global Innovation Index 2019.
Sweden’s entrepreneurial spirit is fuelled by a historic tradition of inventors, a supportive start-up culture, and a close collaboration between research and industry.
In addition to being the origin of companies such as IKEA, Ericsson and H&M, Sweden is also the birthplace of life-changing innovations.
One billion car passengers have been kept safe by the three-point seatbelt since its launch by Volvo in 1959.
The modern pacemaker keeps one million hearts beating across the world, as music streaming service Spotify drops the beat for over 500 million listeners globally.
Sweden is also the world’s number one exporter of chart music in relation to GDP, and home to classic acts like ABBA and Roxette, as well as modern pop heroines Icona Pop and Zara Larsson.
KTH Royal Institute of Technology
Part of this success in innovation relates to the countries prominent technical universities.
KTH is the largest and oldest technical university in Sweden, situated in the capital of Stockholm.
KTH has been at the centre of many of the technological advances in Sweden.
Discover Sweden Innovation Hub
In the early 1950s the country’s first nuclear reactor was installed on campus, at the same time as Sweden’s very first TV station went on the air across the street.
At KTH Innovation, the university innovation incubator, students get support to commercialise their business ideas.
Over 15 percent of KTH graduates go on to start their own company.