Sweden will surprise many North American technology investors
WASHINGTON & STOCKHOLM, Sweden (PRWEB) March 5, 2008
Solutions provided by the presenting companies include:
-- A system that detects explosives at a safe distance
-- Software that cuts power requirements for computation by up to 95%
-- Fetal monitoring for cell damage due to asphyxia during child birth
-- A device for preventing hair loss during chemotherapy
-- Ceramic materials with remarkable properties for hardness, refractivity, thermal stability and biocompatibility
-- Environmentally friendly, waterproof materials based on modified cellulose
Seeking venture capital investment from US sources, these companies are now expanding their reach -- in development, through joint ventures and by marketing critical technologies to a global audience.
Sweden is a fertile environment for innovation and home to several thousand high tech companies -- from startups spun-out of university laboratories and garages, to global giants like ABB, AstraZeneca, Ericsson and Volvo. There are 40 science parks and incubators in Sweden, spawning an unprecedented number of new ventures. Ten of these incubators will be at House of Sweden for this event.
Tony Svensson, Executive Director of ISA North America comments, "Sweden has among the highest per-capita private equity investment in Europe with 80% of that capital from other countries."
"Sweden will surprise many North American technology investors," says Svensson. "There are 80 Swedish venture capital firms with 800 portfolio companies accounting for 10% of Sweden's GDP. Red Herring's list of top private firms has had five Swedish companies on it. Since 2000, investors in Swedish companies have had 196 successful exits, including 38 IPOs."
About Invest in Sweden Agency
ISA proactively facilitates foreign direct investment to Sweden and provides information, business and regulatory contacts, and help in sourcing Swedish companies for joint venture partnerships or venture capital investment. http://www.isa.se
About House of Sweden
House of Sweden, the venue for this investment event, opened in 2006 and is the crown jewel of the Swedish presence in the United States.
House of Sweden
2900 K Street N.W.
Washington, DC 20007