Baillie Gifford
Tetra Pak , whose cartons are widely used in food and drink packaging , exemplifies Swedish companies ’ ability to turn inspiration and practical problem-solving into massively lucrative businesses
Paice highlights the factors that make the country so good at commercialising its bright ideas :
● High levels of secondary and tertiary education
● Good funding for start-ups
● Collaboration between businesses and academia
● Lots of patent applications are filed and scientific papers published
● High levels of taxation that feed into a broad and generous welfare system
It ’ s a family affair But Paice highlights another factor aiding the long-termism conducive to strong future returns . And that ’ s businesses still led by their founders , or by the next generations of the same founding family .
Issue 87 - September 2022 / 19 /