Swedish start-ups at LeWeb

Spotify, Skype, Bambuser, SoundCloud and VideofyMe are examples of successful ICT companies of varying size from Sweden. Many others follow in their footsteps. This year 13 Swedish start-ups participate in LeWeb and yesterday a number of them presented their products at the Swedish residence. It was fascinating to get an insight into innovations in this field. The Swedish entrepreneurs had great stories to tell and many connections were made with British investors.

Sweden has been at the forefront of the ICT development for several years. We benefit from one of the world’s most developed digital infrastructure as well as from a population that easily adapts to a new environment. More than 90 percent of the Swedes have access to Internet and 80 percent are daily Internet users. E-commerce is estimated to represent just over SEK 70 billion.

Sweden was ranked number one in technological competitiveness and development at the World Economic Forum in 2012 and when Tim Berners-Lee, the inventor of the World Wide Web, created a web index measuring governmental knowledge and openness towards a free and universal Internet, Sweden was at the top. Over 20 percent of the Swedish population has done some kind of computer related programming and yesterday’s exercise was a clear example of the massive talent in this field.

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