You might be the right person to tell me then why Scandinavian countries are not the Silicon Valley of Europe? They seem to have all the necessary ingredients i

You might be the right person to tell me then why Scandinavian countries are not the Silicon Valley of Europe? They seem to have all the necessary ingredients in place i.e. Wealth, Opportunity, Stable administration etc.? I've been searching for an answer, Closest I came to was that it had something to do with their philosophy of "Lagom - ‘not too much and not too little, just right,’" i.e. They aren't overambitious? I for one would love to see more products from small startups of Scandinavia or other EU countries with good democratic values which doesn't ask for pledging soul to provide services.