Almost half of all Swiss startups surveyed (University of St. Gallen) faced falling sales during the COVID-19 global pandemic. The survey found 7% had to lay off employees, while some were agile enough to take advantage of new opportunities. The StartupBlink Ecosystem Report 2020 lists three Swiss cities in the top 80 ranking: Basel, Geneva and Zurich.
Some products from startups will prove quite useful in a post-pandemic world, such as CleanMotion’s self-disinfecting door handle, eliminating 99% of bacteria.
HM CARE has developed a mostly transparent surgical mask, HelloMask, and was one of the startups hiring during the pandemic.
Swiss researchers, using artificial intelligence (AI), were instrumental in developing several COVID-19 vaccines, while collaborating with other experts around the world.
Switzerland has a thriving startup ecosystem because of its location, regulations and taxes. The country ranked #8 for top countries for startups (StartupBlink Ecosystem Report), and Swiss startups employ some 50,000 people.
MindMaze, which builds intuitive human machine interfaces, was Switzerland’s first tech unicorn (valued at over $1 trillion). One of the most popular startups, Sportradar, collects and analyzes sports data.
Swiss startup CREAL (CES 2021 Swisstech Pavillion) is bringing some serious competition to the XR market (encompassing augmented, virtual and mixed reality technologies), as their light-field technology improves depth resolution of virtual objects, reducing the eye strain of traditional products.
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