Despite adverse circumstances, start-ups continue to develop products, investor funds close and scale-ups work on international expansion. Thus, they demonstrate the resilience of the Swiss start-up scene.
Dear reader
Currently, too few certified face masks are available with a protective function, but some astonishing solutions to the problem are appearing. Start-up Coat-X is working with a consortium to develop a coating that would give simple fabrics the desired protective function. The consortium is already looking for production partners.
SwissDecode, best known for its food safety tests, is in the process of developing a quick test for COVID-19. The project has convinced the European Innovation Council, and the start-up can now present it to European investors.
Although it is a time when problem-solving is required, if something is currently positive, it is the creativity of such solutions and the tenacity with which they are pursued that stand out. And not only with face masks and COVID-19 tests. Despite the difficult environment, Privilège Ventures has closed its second venture capital fund and is now starting to prepare for a third fund, which is intended to ensure, inter alia, that existing portfolio companies can continue to be financed.
The Swiss founders of Salesbee are also marching on. They sold their company to the Berlin-based agritech company Plantix and have already started a new fintech start-up, building on the experience they gained with their first company.
And even in the blockchain scene, already shaken by the ‘crypto winter’, founders are sticking to their international expansion plans. Crypto Finance AG collected CHF 14 million from Swiss investor Rainer Marc Frey and Asian investors, and Lykke was also able to get an Asian donor on board.
Exchange and sharing continue to take place online in the start-up scene. Our calendar currently contains more than 50 events that you can attend without leaving your home office, ranging from webinars to pitching events. Applications are open until Sunday for the first Joint Investor & Venture Day from Startup INVEST and SICTIC.
You have until Monday to apply for two scale-up bootcamps on the themes of enterprisetech and fintech & cybersecurity; both are organised by digitalswitzerland, Gebert Rüf Stiftung and Venturelab.
Finally, a note on two deadlines: the first F10’s fintech and regtech ‘Prototype to Product’ programme on 26 April, and the other the accelerator programme ‘BIC of CERN Technologies’ on 30 April.
Have a sunny weekend.
Stefan Kyora
Editor in Chief, Startupticker.ch
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