- Posted on 24 Aug 2022
- 2-minute read
You probably use Swedish innovations every day without even knowing it – Bluetooth, Oatly milk (for the non-dairy drinkers) and Spotify, to name a few. Sweden has a history of stretching the boundaries and delivering ground-breaking ideas. So why are the Swedish world leaders in innovation?
These five facts may be a clue:
Sweden usually invests more than three per cent of the country's GDP in research and development. Most of the money comes from the private sector, and around one-quarter is public funding.
In 1842, Sweden introduced compulsory schooling. Today, about one-third of the population has post-secondary education.
In the ‘90s, the Swedish government pushed out a widely developed broadband network, giving Swedes a head start in the digital era.
Some argue that the long cold Swedish winter encourages would-be innovators to stay indoors, hone their skills, and develop their ideas.
Sweden’s focus on sustainability is a competitive advantage. As more industries look for green alternatives, Swedish companies are providing solutions by developing vital products such as batteries, zero-emission steel, and products made of recycled materials.
Feeling inspired? You can explore Swedish-Australian business technology, design and sustainability initiatives right here at UTS. This September, the inaugural Swedish - Australian Innovation, Technology, and Design Summit is coming to our campus. It’s the perfect opportunity to spark new ideas, connect with innovation leaders and share expertise – and it’s free!
Learn more about the Swedish-Australian Innovation, Technology and Design Summit, 9am Wed 28 Sep to 1pm Thu 29 Sep.