GEM Sweden 2017/2018

  • Year of publication: 2018
  • Category: National Reports
  • Language: Swedish
  • Upload date: 2018-06-19

In 2017, Swedish entrepreneurship decreased, 7.3 percent of the Swedish population is active at an early stage or operates a young company. Even the growth ambitions, as well as the level of innovation, have decreased according to the entrepreneurs. The decline in entrepreneurial activity depends solely on a decline in women's entrepreneurship. This year's GEM report devotes special attention to serial entrepreneurs, i.e. entrepreneurs with previous experience of entrepreneurship. Experience have a positive effect on almost all indicators in the report: perceived capabilities, fear of failure, job creation etc. The best school for entrepreneurship seems to be trying their own business. Entrepreneurial experiences enhances future entrepreneurial ventures and appears to lead to more high-performance entrepreneurs From a policy perspective, it stresses the importance of creating good conditions not only for starting businesses but also for opportunities for a second chance. The proportion of individuals claiming that fear of failure prevents them from starting a business has increased from 29 to 37 percent over the past decade. If reconstruction is made easier and cheaper and bankruptcy does not involve lifelong debt, it helps to establish more growth-oriented companies. It also signals how society values risk taking and entrepreneurship.