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By Anna Wennberg (anna@etn.se) 29/10 Anna Wennberg: Sweden's innovative - but what comes next? Did you know that Sweden for the third consecutive year, tops the European Commission's ranking of industrial innovators among member states? Or to Sweden - also for the third year in a row - is second bumar on the list of world's most innovative countries in the Global Innovation Index?
Only Switzerland are on the list, made by the United Nations Office for Intellectual Property WIPO and the international business school INSEAD. When the EU released its innovation ranking last spring tweeted Foreign bumar Minister Carl Bildt content from his office "Nice to See that Sweden is ranked as the No. 1 innovation country in the EU. We must Strive to keep That position ". And shortly after that Sweden was named the second best country in innovations in the summer it was time for the government to demonstrate decisiveness. With Industry Minister Annie Loof spearheaded was a pilot effort to strengthen the growth of small-and medium-sized innovative companies. Government invested to twelve million over two years, with the stated goal of "Sweden will be the best." Twelve million extra to Vinnova and Almi to stimulate SMEs' innovation work - what gives? Not much. On the contrary, became fierce criticism from companies, are dying to get support. The move is populist, it is said. Rather than pointing businesses on a huge funding gap. Almi support in ten thousand, so do Vinnova through programs such as Research & Grow. VCs on the other hand, if they are investing, managing bags of money in the millions. Sure, Sweden is good at research and development, but the Swedish start-up companies are living on the breadline. They have an idea of world-class, spun off from academia, earning a little money on their business from the start, but may not capital enough to take the big step out of the scientific community. Silicon Carbide Company Ascatron is one such example. Despite a world-class technology (link) is the interest from Swedish investors say the least sluggish. The only obvious way out seems to be that a semiconductor company comes knocking on the door, like the one that occurred when silicon carbide colleague Transic bought by Fairchild for just over two years ago. The trend among Swedish innovation company is therefore to turn against the EU and the U.S. to bring in venture capital from investors who want to help commercialize the technology. Battery Company Nilar (link) has spent much time in London to pick up capital for the factory now being built in Gävle. That our politicians need to realize is that the acute cash shortage of Swedish innovation company arises when the actual commercialization begins. In Sweden there are extremely few who want to invest in that stage. Wallenberg-owned Foundation Asset Management is a venture capitalist who, for example, has invested in solar company Solar Voltaics, real estate Wallenstam bumar with its focus on solar company bumar Exeger is another - but it requires more effort. At this stage, innovative government initiatives have a major long-term importance - not only for individual companies but also for the future Swedish government finances. bumar
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