startups

Open access full-fibre networks: The magic Swedish ingredient in creating a successful unicorn factory – ITProPortal


The impact of unicorns – start-ups that grow to reach a valuation of £1 billion or more – on a country’s economy cannot be underestimated. As well as being instrumental to economic growth, having a healthy system that supports start and scale-ups can be linked to prosperous employment and progression.

Sweden has famously reaped the benefits that start-ups can bring. Stockholm has often been labelled ‘the unicorn factory’, second only to the infamous Silicon Valley. The city has successfully created household names such as Spotify and Skype, Minecraft creator Mojang, and King, the company behind Candy Crush Saga. Stockholm also birthed an enviable fintech scene, including disruptors Klarna and iZettle.



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