• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In IT, Innovation and Startups

Largest innovation hub in the Nordics launched in Stockholm

16th September 2018

Largest innovation hub in the Nordics launched in Stockholm Pin It

The largest innovation hub in the Nordic region was officially launched on Thursday morning in a suburb north of Stockholm, in a move it hopes will encourage more tech companies to venture beyond the city centre.

Swedish venture capital company Wellstreet announced its plan to build a new site for tech companies in Sollentuna, a municipality in Stockholm county about half an hour north of the city centre by train.

The tech and innovation hub, called The Factory, will fill a 14,000-square-metre building that has been empty for two years.

The move is planned for the first quarter of 2019, and it is expected to accommodate up to 100 startups along with larger tech companies and venture capital companies. A focus on work-life balance is also clear, and the hub will also have restaurants, a kindergarten and a gym.

A digital training company has already signed up to join them, as well as Sollentuna municipality which will have offices on the ground floor.

“What makes The Factory unique in the Nordics is that it’s the first property built on a proven process and methodology where you bring an idea to fruition, which can now be applied in startups, scaleups, and businesses,” co-founder Mikael Wintzell told The Local.

“In addition, it’s a physical ecosystem instead of the virtual ecosystems currently operating,” he added.

In a promotional video (below), the founders say they are “building the companies of the future”.

Wintzell and fellow tech entrepreneur Sïmon Saneback founded investment company Wellstreet in 2016, and today it boasts 17 portfolio companies and ten employees.

Currently Wellstreet has offices in central Stockholm, but the pair hope The Factory will help to counteract the current “inner city focus” of the Swedish startup scene.

The location in Sollentuna not only means more affordable office rent, but also that Swedish and international tech workers attracted by the companies will be able to live close to their office at an affordable price. The Swedish capital has a severe housing shortage that has seen rents rise dramatically in recent years.

The Factory also plans to offer a free shuttle service to and from Stockholm city centre, as well as carpooling services for workers who prefer to remain centrally based.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Bitcoin hotel hack victim…

In Money Matters

Bitcoin hotel hack victim speaks out

View Post

Next Post

Neglected and less reassured than…

In Foreign Affairs

Neglected and less reassured than ever: Brits in the EU face more Brexit anxiety

View Post

gambling_ukraine

In Money Matters

What we know about new online casino license holders in Ukraine

View Post

In Money Matters

The Worst year in history brought 7.1 billion in losses for AF/KLM

View Post

fb

In Foreign Affairs

No more news on Facebook for the Aussies

View Post

In Foreign Affairs

5,000 Hong Kong residents signed for British papers

View Post

Newsletter

Latest News

View

Moody’s expects lower bounceback for Eurozone and Britain

24th February 2021

Boris Johnson

View

Boris Johnson comes with the long roadmap from the lockdown

23rd February 2021

View

EasyJet wants to make COVID-19 test for the crew mandatory

22nd February 2021

View

British retail is hit harder than was expected

20th February 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]