Switzerland is to set up a fund aimed at strengthening the country as a business location for start-ups, a major driver of the country’s dynamism. This fund will improve the financing of these young companies, particularly in the fields of decarbonisation and digitalisation. The idea of a Swiss innovation fund arose from an analysis carried out in the aftermath of the coronavirus crisis. The aim was to assess the extent to which such a fund would expand the venture capital market in Switzerland, thereby improving the growth prospects of innovative companies in the country. “The analyses showed that an innovation fund would improve the degree of maturity and the resilience of the venture capital market in Switzerland, thus helping to increase the attractiveness of Switzerland as a business location,” explains the Federal Council.
