Nordic tech companies are staking an increasingly unequivocal claim as some of the most innovative and profitable in the world, but with a population of just 27 million, deciphering how the area has come so far so quickly is no mean feat. This no doubt contributed to the Nordic region’s 2016 gross domestic product (GDP) growth rate (2%), which was higher than the EU as a whole (1.9%), the US (1.6%) and Japan (1%).Īnd a 2017 report by UK investment bank GP Bullhound found that of the five European businesses most likely to reach a $50bn (£38bn) valuation, four are from Scandinavia – music streaming service Spotify, e-invoicing company Klarna, and gaming companies Supercell and Unity. You’ll likely have seen one of the many surveys listing Scandinavia as the world’s best place to live, but Sweden, Finland, Norway and Denmark have been making just as many headlines for their cutting-edge start-ups, too.īetween 20, the average total of start-up exits for the northern Europe area was $4.1bn (£3bn) – more than three times higher than the five years between 20. Global companies like Spotify, SoundCloud and Angry Birds creator Rovio Entertainment have something in common – they’re all part of the burgeoning Nordic tech scene. Spotify, Skype and Angry Birds developer Rovio Entertainment are some of the best-known Nordic tech giants Silicon Valley has been historically hegemonic when it comes to global technology companies, but a host of well-established Scandinavian businesses and start-ups are contributing to a bustling Nordic tech scene which, propelled by its financially supportive governments and forward-thinking societies, is quickly catching up.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |