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- Facts
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- In 2007, just over seven billion euro was invested in Nordic startups. Then came the 2008 finance crisis, which saw investments fall by more than half, to three billion euro.
- In 2017 the level was nearly back to where it had been before the crisis.
- Around half of the investments were made in Sweden, where three billion euro were invested in 2017. This fell to one billion euro in 2019.
- In all of the Nordic countries there is a gap in the financing of newly established companies as they are entering the market. Surveys show that in Denmark the demand at that stage is one to five billion kronor, in Norway it is 20 million kronor while in Sweden the numbers vary from five to 50 million kronor.
- There are still major legislative differences between the Nordic countries. The taxation of stock optionsis an important issue for startups. Norway still has a high wealth tax rate, for instance. This makes it hard for smaller newly established companies that initially pay founders in stock options. As the company grows in value, the founders risk having to sell so many of their options in order to pay the wealth tax that they lose control over the company.
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Work Research Institute
OsloMet – Oslo Metropolitan University,
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