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BUSINESS

Uppsala network hosts entrepreneurship workshop

The Uppsala NFGL network recently held a workshop in entrepreneurship - and how to create a job instead of just looking for one. Network board member Maxim Vlasov explains what the team learned.

Uppsala network hosts entrepreneurship workshop
Photo: Mutasim Billah

It’s not a secret that finding a job in Sweden is not an easy task, especially for an international student without many contacts and with only foreign experience.

Imagine how instead of looking for a job, you could create a job for yourself and even for many others. The members of the Uppsala NFGL network took part in a creative workshop session on entrepreneurship led by Drivhuset, where they learned how to generate ideas and communicate them to others.


Photo: Mutasim Billah

Ideas are the root of any start-up. Ideas are everywhere – they come from research, news, books and even daily conversations, and success is in the ability to identify them. It’s not unusual that business ideas emerge from annoyance at certain routines like smelly clothes after a workout or ripped leggings, because there is room for improvement. 

Even more common are ideas that are just an addition to existing things. Remember – you don’t have to be unique, as long as you can detect existing problems and come up with an adjusted and superior solution.


Photo: Mutasim Billah

There are many ways to generate ideas. One of them is focused on problems: identify existing needs, narrow your target group and think of possible products and services that you might work with. Another way is to concentrate on yourself and see which experiences, interests, skills, resources and connections you have. If you are in a group, this technique can provide a precious pool of insights for generating new ideas.

Read also: Ten Swedish start-ups you haven't heard of

"The workshop helped me realize that it is not always big, new or unique ideas that make a successful entrepreneur," said participant Huda Muhammad Abdurahman, at Uppsala University. "From now on, I will be keeping my eyes wide open for even small things around me that can be turned into opportunities."


Photo: Mutasim Billah

Having a good idea is not enough though – you also have to get it across! A famous technique called pitching allows you to make an impression on listeners with a short (30 seconds to 2 minutes) message. Imagine you are in an elevator with someone important, and in a limited amount of time you need to convince this person to do the next step, be that exchanging business cards, booking lunch, or even buying your product.

A pitch consists of 6 steps:

1) Interest – create interest with a rhetorical question, metaphor, humor; good rhetoric is important

2) Problem – say what the problem/need is, what consequences and impacts it brings

3) Solution – offer your solution and say how it solves the problem

4) Benefits – elaborate on benefits/values that your solutions creates

5) Competition – show why competitors are inferior to your idea

6) Close – what has to happen after the pitch? (ex. sign-up for newsletter, visit your café)

The main rule is to stay clear and focused. It is important to create trust and to show your passion.


Photo: Mutasim Billah

Business is also about routines – how to protect your idea, secure funding, seek permits, choose a right corporate form and manage bookkeeping. We briefly went through these technicalities and learned about some recent start-up examples from Uppsala.

The entrepreneurship workshop was so inspirational, insightful and motivating," SLU student Jackson Musona said.  "We learned how one can start a successful business in Sweden and the likely sources of support for such.Thanks to SI and organizers, and I think that workshops of such nature should be organized more frequently."

There might be numerous realized ideas out there, but it doesn’t mean there is no place for you to enter the scene. Even if your first attempt fails, don’t give up. Never be discouraged and walk to your dream with your head up.

P.S. Did you know that as an international student you can get visa based on your own business? Read details here – Migrationsverket.

Text written by NFGL member Maxim Vlasov. All photos by NFGL member Mutasim Billah. 

ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

READ ALSO: 

The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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