Berlin is often referred to as Europe’s “Silicon Allee” and is headquarter for several renowned global start-ups. The city is attracting entrepreneurs from around the world due to low costs, international focus, creative atmosphere and competent labour force. Likewise, Stockholm is ranked in the top. In February this year, Wall Street Journal had three Swedish companies on their list of the five hottest European start-ups. Kista, with 700 technology companies is called “the Wireless Valley of Sweden”. In a competitive and global market place both our cities must stay innovative to retain success.
Cooperation within Europe, for example exchange of goods, capital, experience and knowledge but also politics and science is essential to secure future growth for start-ups. In the US, with its vast inner market, a high level of growth can be achieved nationally. However, in Europe challenges such as language, different conditions and networks in the markets pose challenges.
- Because of our differences we are stronger together, when we cooperate across borders. It is a growing need of increased collaboration in Europe in order for start-ups to grow in a bigger market. At the same time Germany is our most important trading partner and an attractive partner for Swedish companies, says Anna Nordström, Trade Commissioner and Country Manager at Business Sweden in Germany.
During the talks with Prime Minister Löfven, Swedish and German entrepreneurs, start-ups and investors will participate. Among the participating companies we find Spotify, Vamos, Piraya Mobile, Soundcloud, Factory, Lakestar and Kenkou.
Germany is Sweden’s most important trading partner, receiving 10 percent of Swedish exports as well as accounting for 20 percent of Swedish imports. Swedish industry has a vast presence in Germany with about 700 Swedish subsidiaries. All major Swedish companies are present. Germany is the leading investor in Sweden.