Despite having just 10 million inhabitants, Sweden is a hotbed for tech innovation. Sweden came in seventh in the IMD World Digital Competitiveness Ranking 2023 thanks in part to its high number of startups. In 2023, it also ranked as the second most innovative country in the world in the Global Innovation Index and the #9 most technologically advanced country by Global Finance.

Stockholm attracts more than 50% of the country’s total foreign direct investment. The Norrsken Foundation’s Impact100, referred to as the Nobel Prize for Impact, lists the world’s most promising impact startups. Stockholm is the third largest Climatetech market with regard to funding and ranks #5 in The Green Future Index 2023, a measure of global sustainability innovation.

Founder network exchange Startup People offers community and funding resources for early- to growth-stage startups. Stockholm University provides students with innovation support through a collaboration with development platform Drivhuset. Support organization Sting has been scaling startups for over two decades and offers an 18-month incubation program with a focus on Climatetech, Healthtech, and Deep Tech.

Ecommerce company MatHem has raised $457.1 million in funding over 13 rounds. Machine-learning education platform Sana has raised $82 million in funding over six rounds. Contraceptive app developer Natural Cycles has raised $44.5 million in funding over five rounds.

The Tech Arena took place in Stockholm in February 2024. Founders Live was held the month before. The annual Stockholm Impact Week brings together startups, talent, investors, business leaders, and policymakers, and Women In Tech Sweden aims to inspire and support women in tech.