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Malmo located in skane county sweden has a thriving startup scene that has been gaining momentum in recent years the city has a rich history of entrepreneurship with notable companies such as ikea and hm originating from the region the areas geography with its proximity to copenhagen and access to the baltic sea has made it an attractive location for businesses looking to expand into the nordic region the population of malmo is around 340000 with a diverse mix of cultures and backgrounds the city has a strong focus on sustainability and innovation with a number of technological innovations emerging from the area including the worlds first electric road several companies have been founded in malmo including the gaming company king which was acquired by activision blizzard for 59 billion in 2015 other notable companies headquartered in the area include axis communications a global leader in network video surveillance and tetra pak a multinational food packaging and processing company malmo is home to several universities including lund university which is ranked among the top 100 universities in the world the living wage in malmo is around 21000 sek per month and the unemployment rate is currently at 82 the citys gdp is estimated to be around 120 billion sek with a rate of new companies starting and ending that is on par with other major cities in europe the startup scene in malmo is thriving due to a combination of factors including a supportive government access to funding and a strong network of entrepreneurs and investors overall malmos startup scene is a testament to the citys innovative spirit and entrepreneurial culture with a focus on sustainability and innovation the city is poised to continue attracting new businesses and entrepreneurs in the years to come