Stockholm actively supports young entrepreneurs


The Swedish capital Stockholm actively supports and invests in young entrepreneurs. This week, students from schools across Stockholm pitched their business ideas to a jury in the Blue Hall, the main hall of the Stockholm City Hall.

Mayor of Stockholm Anna König Jerlmyr stated on social media: ‘’Sweden and Stockholm need more entrepreneurs who are succeeding in starting, running and developing businesses! This year, we in Stockholm have made historically large investments in young entrepreneurship.’’

‘’We have abolished the fee for registering UF (“Ung företagsamhet”) companies, hired a special representative to work specifically with the cooperation between UF and the city, while we are working specifically to bring it to more primary and secondary schools,’’ mayor of Stockholm continued.

Ung företagsamhet is a part of Junior Achievement, one of the world’s most impactful youth-serving NGOs, active in over 100 countries. It is dedicated to building young people’s capacities and fostering self-confidence, as well as providing them with the tools they need to become financially self-sufficient adults and teaching them entrepreneurial thinking.

The international organization was created in the American state of Massachusetts in 1919. Through a national office and numerous local groups, the organization is presently active throughout Sweden. Students who visited the City Hall are among the hundreds of students in Stockholm who run their own businesses through Ung Företagsamhet.

‘’There is no shortage of creativity among Stockholm’s high school students. Books on mental illness, recycled herbs to reduce food waste and handmade bags made from waste fabric were just some of the business ideas presented today,’’ mayor of Stockholm Anna König Jerlmyr further stated.

Over the years, Stockholm has managed to build an extremely strong and welcoming business climate. The Scandinavian city has also become home to numerous start-ups and features a very high level of innovations. (photo credit: vectorjuice/Freepik)