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A new fund of 60 million for the Swiss Tech Start-up
Wingman Ventures, a new Swiss fund, founded by three experienced partners, invests exclusively in Swiss tech start-ups. The target size is CHF60 million. Over the weekend Wingman announced the first closing at CHF40 million. Wingman Ventures is backed by a large number of Switzerland’s most recognized tech founders - amongst others - the founders of Digitec/Galaxus, Bexio, Duolingo, U-Blox, Xovis, Netcentric, VIU, Doodle, GetYourGuide and Contovista.
The Swiss start-up sector is heading for a record high
Between the beginning of January and the end of October 2019, the Swiss Commercial Register registered a total of 36,590 new registrations, which represents an increase of 2.75% compared to the previous year. Entrepreneurs who work part-time are one of the drivers of this positive development, according to a survey conducted by startups.ch. The Lake Geneva region remains highly appreciated by young entrepreneurs, and more particularly the canton of Vaud, which continues to benefit from the arrival of young foreign entrepreneurs (3886 new registrations, +6.9%).
A €6.5 million investment to advance the seafood marketplace
Founded in 2016 by , ProcSea aims to address challenges faced in the complex and volatile seafood market and operates a B2B marketplace for seafood with an emphasis on total transparency. The start-up raises 6.5 million euros led by Serena capital with contribution from multiple investors. The funds will enable the company to extend its product offering and provide new technologies.
B-Corp certification for ecoRobotix
Ecorobotix has just obtained the B-Corp Certificate, an objective that the agritech scale-up has set for itself in 2018. Now that it has become global, the quality label makes it possible to develop partnerships between certified companies that have a triple mission: social, environmental and economic. To date, more than 3000 companies are certified worldwide, in 64 countries and no less than 150 industrial sectors.
EPFL is committed to trust in "fintech".
A new research centre aims to bring together the skills of the Swiss Finance Institute @ EPFL with those of the School's data science and "digital trust" specialists. Swissquote has committed to co-finance a new Finance and Technology Research Program called Fintech Lab. The tools developed will have a significant impact on many aspects of daily life, enhance transparency and create a sense of trust in the financial sector.
Droople offers a solution for better water management
EPFL-based startup Droople has developed a smart flow meter that can measure buildings’ water consumption and identify potential savings in energy. Thanks to smart meters installed at water consumption points, it is possible to know precisely the consumption, flow rate, temperature and times at which water is most used. The Montreux Jazz Café at EPFL has already tested the device and found a way to cut its energy bill.
Vaud based companies are on track
Vaud based companies are announcing an upward stabilisation in their business, despite a problematic international context. According to the autumn economic survey conducted by the CVCI, the business market is thus "good to excellent" for 43% of the CVCI members surveyed, compared to "bad to mediocre" for 13% of them. Although some clouds are looming, Vaud entrepreneurs remain generally confident about the medium-term economic trend.
Ce que des start-ups vaudoises ont appris de Slush
25’000 participants, 3’500 start-ups, 2’000 investisseurs : Slush, à Helsinki, est le rendez-vous de l’innovation en Europe du Nord. Innovaud a participé à la préparation, à l'accompagnement et à la promotion des start-ups vaudoises qui s'y sont rendues. Témoignage de ces dernières tout juste de retour de cet événement devenu incontournable.
EPFL spin-off GTX medical moves into the US market
GTX medical, an EPFL spin-off that has developed an implantable neuromodulation therapy to help people with spinal cord injuries walk again, merged today with NeuroRecovery Technologies, a US-based company, developing a transcutaneous stimulation therapy to improve upper limb function after a SCI. The combined entity, which retains the name GTX medical, is set to become the global leader in its niche.