Technology Europe's answer to Silicon Valley: It is easy for start-up founders in this country

12:15  11 july  2020
12:15  11 july  2020 Source:   finanzen.net

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Silicon Valley is a region in the southern part of the San Francisco Bay Area in Northern California that serves as a global center for high technology, innovation, venture capital, and social media.

With startups popping- up everywhere in Silicon Valley across all types of industries Started by entrepreneurs who realized it would help to have a community available to welcome Located in Palo Alto, it is a hacker house where international tech entrepreneurs that come to Silicon Valley , can get

Starting your own company is a big step. Once a brilliant idea is found, there are often many hurdles to overcome before it is founded. It is easier for startups in this European country.

Hannelore Foerster/Getty Images © Provided by Finanz.net GmbH Hannelore Foerster / Getty Images A kingdom for a unicorn

No other country in Europe can compete with this: Sweden has the most unicorns in terms of population, that is, companies with a value of over one billion US dollars are estimated per capita across Europe. The best-known Swedish greats include, for example, Spotify , and the companies Skype and Mojang, which now belong to Microsoft , and have become known as developers of the popular PC game Minecraft. But it is no coincidence that the Nordic country in particular has so many successful startups. So founders in Sweden can look forward to a lot of support.

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Peter Thiel, co- founder of PayPal and a prominent Silicon Valley investor, once complained that “we wanted Slovak start -ups have benefited from the fact that costs are far lower in the country than for rivals Technically minded graduates are easy to find and the limited size of the local market nudges

Every year, hundreds of startup founders move to Silicon Valley . But even if you’ve had success There are plenty of answers to these questions—and they’re different for every situation—but after a So why is it so difficult to start a company in Silicon Valley ? Because you don’t have a network.

Time-out for start-ups

Swedish employees enjoy the right to take unpaid time off from their jobs for six months if they want to start a business. However, the newly founded startup may not compete with the previous employer. It is also a condition that the employee must have worked full-time for at least six months in advance. The employer can reject the application for his time-out, but only if the employee is essential for business operations.

A convincing model

The Scandinavian corporate culture is considered a pioneer in the European comparison and is cited by the World Economic Forum as one of the main reasons why Sweden succeeds in stomping so many successful startups. The system would have resisted relatively high taxes in Sweden. Tech companies in particular would benefit from the infrastructure that could be expanded through high taxation. Sweden, together with its neighbor Norway, is characterized by an extremely high average Internet speed. Since the Swedish domestic market with around 10 million inhabitants is quite tranquil, domestic companies are forced to gain a foothold on the international market through innovations and digital strategies. This is also favored by the educational system, in which children come into contact with English at an early age and also learn how to use computers in a playful way at an early stage. Editorial office finanzen.net

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