In 2024, Switzerland recorded a record increase in the number of new startups. According to the Institute for Youth Policy (IFJ), nearly 53,000 new businesses were registered, representing a 2.6% increase compared to the previous year. Growth was particularly notable in the southwestern part of the country, where the number of startups rose by 6.3%.
However, despite the increase in new companies, the number of bankruptcies also grew in 2023. According to the analytics group Dunn & Bradstreet, 5,089 companies ceased operations, marking a 5% rise from the previous year. This highlights the need for careful planning and sustainable business models for new enterprises.
For example, in the innovation sector, the Swiss startup Sun-Ways has developed a mobile technology for harvesting solar energy using unused spaces between railway tracks. This solution effectively utilizes infrastructure to generate renewable energy.
Additionally, a Belarusian entrepreneur who relocated to Switzerland founded the promising AI startup Identic. The company is already valued at $4 million and is attracting investor interest in the field of artificial intelligence, with strong growth potential in 2025. Switzerland’s startup and technology ecosystem is well-developed, closely linked with universities and tech parks, and attracts project initiators from around the world.
Our editorial team is preparing an extensive review of this sector in Switzerland for the next issue—stay tuned, it’s going to be fascinating!
