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How Malmö University is creating the next generation of entrepreneurs

With more than seven start-ups created every day, there’s no denying that Malmö is one of Europe's most important innovation hubs. A leading tech-investor says he knows why.

How Malmö University is creating the next generation of entrepreneurs
Photo: Aline Lessner/imagebank.sweden.se

Honorary doctor at Malmö University, Hampus Jakobsson is a big name in the Swedish start-up scene. After co-founding a business that was sold to Blackberry for millions, he has invested in over eighty companies and runs several start-up incubators in Malmö. When it comes to entrepreneurship, he says, Malmö is where it’s at.

“Being close to the wharf, Malmö was never a trade city — it was where things got built. That means people here got really good at getting things done. This left-leaning way of looking at workers and sharing wealth, combined a tradition of flat hierarchies and the spirit of collaboration, is key to Malmö’s success.

Learn more about studying at Malmö University

“The thing I love about Malmö is that if you say ‘I want to try this, I want to see if this works’, people say, ‘Why are you talking about it? Let’s just do it’. The focus is less on making money and more on experimentation and creativity.”  

Jakobsson is all about experimentation. With an ever-expanding list of interests ranging from artificial intelligence to moral philosophy to gut biome, he gives off the impression that there is no time to lose.

“I am a strong believer in running experiments and think that the only way to solve problems is to just try. That’s why universities have amazing value. Universities are like playgrounds where testing things out is part of your tenure — there’s a great freedom in that.”

What’s more, he says, getting out of your comfort zone is a great way to get rid of complacency.

Photo: Malmö University

“I encourage everyone to stay curious and for god’s sake never become complacent. I think the best way to do that is to travel, engage with the community and broaden your horizons. Choosing to go get an education elsewhere means you are motivated and ambitious — it shows that you fought for what you wanted. That’s also one of the reasons why I am always interested in hiring expats.”

Jakobsson himself was recently awarded an honorary doctorate at Malmö University, and also collaborates with Drivhuset, the University’s centre for student innovation. Kim Gerlach, one of Drivhuset’s business developers, says that Malmö’s “thriving start-up ecosystem” is one of the reasons that she decided to study and stay in the city.

“After graduating from the master’s programme in Leadership for Sustainability, I landed this job helping students to kick-start their ideas. I wanted to stay in Malmö because of the focus on social innovation — entrepreneurship that helps solve social problems. The idea of social innovation and sustainability is understood here in a way that I don’t experience elsewhere.

Learn more about studying at Malmö University

“At Drivhuset we offer Malmö University students tools like one-to-one coaching, workshops, and the chance to share ideas with like-minded people. There is a supportive network in Malmö and we see that students really value this sense of community. Even if you’re not interested in creating the next billion-dollar start-up, I think entrepreneurial skillsets like problem solving and self-reflection are thinking patterns that help you develop as a person.”

Like Jakobsson, she says it’s all about taking the plunge.

“My advice to students is to have confidence that their idea is valid and not just a dream. Even if it’s just a seed, that’s where it starts. By working on it together we can make it grow.”

Want to be your own boss? Want to learn more about innovation and social change? Malmö offers English-taught master’s programmes in Interaction Design, Leadership for Sustainability, Computer Science and Media Technology, among others. Find a full list of programmes and courses here.

This article is sponsored by Malmö University

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.

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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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