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In 2014, startup funding in Sweden, Finland, Norway, Denmark and Iceland exceeded *** billion U.S. dollar. This was the highest funding during the period from 2012 to 2016. In 2016 funding had decreased to *** million U.S. dollar. The highest funding for startups among the Nordic countries was raised in Sweden, where it amounted to *** million U.S. dollar.

Sol Voltaics raised the highest funds

     Among the startup companies in the Nordic region in 2016, the Swedish Sol Voltaics from Lund raised the highest funds , which reached **** million U.S. dollar. The startup produces solar nanotechnology solutions that boosts the efficiency of solar panels, and are about to commercialize their patented products Aerotaxy® and SolFilm™ .

**** percent of 18-24 year olds involved in startups in Sweden

     When Global Entrepreneurship Monitor was released in 2019, it was revealed that **** percent of the Swedish respondents from 18 to 24 years were involved in business start-ups. This was the age group where it was most common to be involved in a business start-up, compared to the age group of 55 to 64 years, where *** percent were involved in start-ups.