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Start-Up Boom: Why India Must Take a Leaf Out of Sweden’s Book 

How can India transform into Asia’s ‘unicorn’ factory? First, it should look to Swedish model of start-up culture.

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The comparison of a sub-tropical country like India, and a Scandinavian city like Stockholm, almost possesses a picturesque spectrum of stark contrasts. The Nordic countries seem far away with their first-world tensions, and the squalor of developing countries muted in the splendour that is Scandinavia.

Except when it comes to their entrepreneurial zeal. India’s young demograph is well on its way to imbibe the ‘hustle’, just as cities like Stockholm achieve level ‘zen’ on the hustle-meter. Stockholm has been hailed as the next ‘Unicorn Factory’ for the steep rise of tech start-ups in the past five years which has seen the global limelight shift focus on the quaint yet bustling Swedish capital. The city has emerged as the ‘tech-aurora’ with more billion-dollar companies like Spotify, Klarna, iZettle, King per capita, after Silicon Valley.

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