ICT
- Strong R&D capabilities
- Advanced user of new technology
- Well placed for development and early commercialization
Advanced user of new technology
The Swedish economy has long been strongly global in outlook. Forced by a small home market to go international early on, Swedish corporations today hold globally leading positions in a wide range of industries. Globalization created a need for advanced communication services and productivity across all parts of the value chain. High investments in automation and IT systems have helped lift Sweden to its current position as a world leader in industrial productivity.
Sweden for development and early commercialization
Highly skilled engineers, demanding multinational clients and strong technology adoption make Sweden well placed to perform development work and early commercialization of new products and services. Sweden is widely recognized as a suitable test market – if it works here, it will likely work elsewhere, too,
Wealth of interesting technology and products
Sweden was ranked second in World Economic Forum’s Global Information Technology Report 2007–2008, which focused on the ability of individuals, businesses and governments to capitalize on information technology for innovation and societal development. Substantial numbers of high-tech ICT companies have been formed and startups like Joost and Rebtel have received funding from some of the world’s largest venture capital providers.