Start-ups in Switzerland lack capital during the growth phase. A new fund provides relief.
The Swiss Entrepreneurs Foundation and the Swiss Entrepreneurs Fund promote start-ups and innovative SMEs in Switzerland and thus strengthen Switzerland's appeal as a business location. Credit Suisse contributes to the project – as a founding member of the foundation and co-initiator of the fund.
Supporting Swiss start-ups: the Swiss Entrepreneurs Foundation
Young Swiss companies often find more advanced innovation and start-up conditions abroad than in Switzerland. This includes the availability of growth capital – the fuel for success of young and innovative companies.
Even though the Swiss Confederation ranks among the world's leading economies thanks to a thriving SME landscape, it still lacks a well-established start-up ecosystem. The newly launched Swiss Entrepreneurs Foundation (SwissEF) wants to help change this.
Improved framework conditions for start-ups and SMEs in Switzerland
The SwissEF aims to support start-ups and entrepreneurship in Switzerland and to promote a Swiss innovation ecosystem with improved framework conditions. The foundation was established under the patronage of former Swiss Federal Councillor and current Honorary Chairman of the SwissEF Johann N. Schneider-Ammann. It is now under the patronage of Federal Councillor Guy Parmelin, head of the Swiss Federal Department of Economic Affairs, Education and Research (EAER).
The Board of Trustees is composed of a number of well-known Swiss companies, entrepreneurs, and politicians, including Credit Suisse, UBS, and the Mobiliar insurance company. They all want to strengthen Switzerland's position as an economic and innovation center in order to secure the basis for the creation of new jobs.
More capital for start-ups and innovative SMEs: the Swiss Entrepreneurs Fund
Together with SwissEF and Mobiliar, Credit Suisse and UBS are launching the Swiss Entrepreneurs Fund, a fund with a target size of CHF 500 million that will invest in start-ups and innovative SMEs that are in their growth phase both directly and via third-party funds.
Offering innovative companies the best possible framework conditions, including access to growth capital, is critical for Switzerland's success as a business location.
Didier Denat, Head of Corporate & Investment Banking at Credit Suisse (Switzerland) Ltd.
Credit Suisse is responsible for direct investments in companies. In the foreground are investments with a volume of more than CHF 5 million. As the "Bank for Entrepreneurs," the major bank considers providing companies with capital an absolute core mission. "Offering innovative companies the best possible framework conditions, including access to growth capital, is critical for Switzerland's success as a business location," said Didier Denat, Head of Corporate & Investment Banking at Credit Suisse (Switzerland) Ltd.
The Swiss Entrepreneurs Foundation and Fund are closely linked
As the first equity investor in the fund as well as a founding member of Swiss Entrepreneurs Foundation, Mobiliar contributed CHF 100 million. In addition to institutional investors, the fund also appeals to qualified private investors and family offices. That is because the fund is closely connected to SwissEF, despite the fact that it is legally independent of the foundation. The fund benefits from the foundation's projects by supporting the quality and growth of the selected companies. To this end, the foundation is supported by an annual contribution from the fees of the fund. This close connection clearly differentiates the Swiss Entrepreneurs Fund from similar investment funds and makes it unique.