Sweden: Europe's hub of innovation
Sweden was rated as the world’s second most innovative country in the Global Innovation Index 2012. For decades, Sweden has been the hub of innovation and cutting edge technology. It is home to the founders of Bluetooth, Tetra Pak packaging, Skype and Spotify. All these wonderful achievements make Sweden a great study destination for future entrepreneurs and innovators.
The Global Innovation Index Rankings are based on human capital and research index, infrastructure, market and business sophistication, knowledge and technology outputs of different institutions across the world. The aim is to classify the most prosperous societies based on the development of cutting edge technologies.
In this context, Sweden has also held an excellent standard of education and research throughout the past. This tradition is also endorsed by the establishment of Sweden as the home of the Nobel Prize.
Since 1901, the Nobel Prize has been honouring men and women from all corners of the globe for outstanding achievements in physics, chemistry, medicine, literature, and advancements towards world peace. The foundations for the prize were laid in 1895 when Alfred Nobel wrote his last will, leaving much of his wealth to the establishment of the Nobel Prize.
Sweden has not only made its mark in technology, but it is also known for fashion, furniture and music. IKEA, world leader in furniture and home furnishings was founded by Ingvar Kamprad, a Swedish entrepreneur who started his career selling matches in a village and later became the founder of the world’s bestselling home products company.
Hennes and Mauritz, the founders of clothing brand H&M, were also Swedish retailers who started their careers with a single women’s wear retailer called Hennes in 1947. It was only a matter of a few years for it to become one of the most fashionable, trendy and youthful brands on the high street.
Multinational firms including Ericsson, Volvo, Electrolux, Sandvik and many more have diverted their operations to Sweden because of the flourishing economy, despite the financial meltdown, as well as the thriving human talent that this country hosts. Sweden has tremendous potential for growth and innovation and is an ideal destination for potential entrepreneurs and students.
There are a wide range of career and research opportunities available to the students in Sweden, accompanied by the experience of a lifetime.
There are countless reasons to study and work in Sweden and there is no doubt that it is also the home to some of the world’s leading universities including Linkoping University, Lund University, Stockholm University, University of Gothenburg and Uppsala University. Universities provide opportunities to research and progress to higher degrees including Masters and PhD. Also, studying in Sweden would give you the chance to learn a European language (i.e. Swedish), which can boost your employability.
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