7 Startup Hubs From Around the World to Watch in 2014

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Some notable Stockholm-based companies include Skype, Spotify and SoundCloud, plus 700 other high-tech companies located in the nearby neighborhood of Krista, also known as "Wireless Valley." Venture capital firm Creandum reported in 2011 that Nordic companies represented 9 percent of all global billion dollar technology exits between 2005 and 2009, and 33 percent of exits in the European market. Caroline Walerud, co-founder of 3D scanning startup Volumental, notes that despite Sweden's startup vigor, her countrymen tend to be risk averse.