Also in the news...
Norway's WTO Trade Policy Review: UK Statement
UK Statement at Norway’s World Trade Organization Trade Policy Review. Delivered by the UK's Permanent Ambassador to the WTO and UN, Simon Manley.
UK-Norway Iceland Liechtenstein free trade agreement
Business guidance, reports and other documents to help you understand the UK-Norway, Iceland, and Liechtenstein free trade agreement (FTA).
Essential Steps Before Launching an International Auction Business
Expanding a business internationally presents unique challenges, particularly when that business involves auctions. The global auction market continues to grow as more entrepreneurs see its potential for reaching new customers across borders. However, success in this specialised field requires careful planning and the right technological foundation.
Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts
UK Export Finance supports renewable energy tech company Dulas to deliver life-saving vaccine refrigerators to over 80 countries worldwide.
British aerospace manufacturers to benefit from UK-US trade deal
British aerospace manufacturers to benefit from UK-US trade deal as further details announced
Sweden: UK Science and Innovation Network
A summary from UK Science and Innovation Network (SIN) on science and innovation in Sweden including UK SIN priorities and successes.
1.Scienceand innovation landscape
Sweden, despite a population of just 10.5 million, is recognised as a world leader in scientific research, development, and innovation ( RD&I). Sweden is widely recognised for its excellent higher education system and open, excellent, and attractive research system. Sweden is home to five of the world’s top 200 universities in 2023 according to the Time Higher Education university rankings, with Karolinska Institute, Lund, and Uppsala universities at the forefront.
The country’s excellence in industrial research has been developed in parallel through leading technical institutes with strong industry-links such as Chalmers Technical University and KTH Royal Institute of Technology. Sweden has also been progressive as an early technology adopter and has defined itself as a test-bed for new and disruptive innovations. Sweden is ranked as one of the EU’s most innovative countries with several globally known “unicorn” start-ups such as Spotify, iZettle, Skype and Voi. Over the last decade, Sweden has ranked among the world’s leading countries in term of RD&I. The country has a high level of research and development ( R&D) spending in the business sector, which at 6.4% of GDP is twice the EU average. This is largely a result of significant government investment to R&Dand strong private sector R&D investment from several large international corporates (e.g. Volvo Group, SAAB and Ericsson).
Sweden’s innovation strategy is set out every four years in its Research & Innovation Bill, which provides the framework for RD&I priorities/activities; and outlines the overall budget. The science and innovation strategy is implemented by the Sweden’s RD&I funding bodies and research agencies. These include the Swedish Research Council, Swedish Government Funding Agency for Innovation System, Vinnova for applied research, alongside a host of other public/private institutes such as the Wallenberg Foundation.
Health and life science
Sweden has Northern-Europe’s most dynamic life science market. Sweden is a life-science hub for innovation with over 1000 companies in the sector. These include leading market players such as AstraZeneca, Swedish Orphan Biovitrum (SOBI) and Elekta.
Sweden is also home to the internationally renowned medical research university; Karolinska Institute, the synchrotron radiation source at the MAX IV Laboratory.