The reasons why Sweden is a hotbed for digital innovation

Why are tech startups so numerous and successful?

Kista Science Park in Stockholm is one of many hubs

Kista Science Park in Stockholm is one of many hubs

Sweden's entrepreneurial purple patch is a direct consequence of the country's high taxes and generous cradle-to-grave welfare system. "There is free schooling, including getting paid a stipend for attending university, while healthcare is quite inexpensive and pensions are taken care of," says Jane Walerud, CEO of Stockholm-based Teclo Networks, and also a member of the Swedish government's Innovation Council. "It is relatively safe to start companies in Sweden, and more and more Swedes realise it." There's even a tax deduction for people who privately invest in startups.

Article in TechRadar