Establishing businesses is in the Swiss DNA. With 99% of all companies being SMEs or family businesses, they are the backbone of the Swiss economy and employ two-thirds of its workforce. However, Switzerland lags behind in entrepreneurship education for the youth and a start-up culture. As start-ups are crucial drivers of innovation and prosperity, Switzerland must do more to facilitate an innovative and globally competitive start-up scene by further dismantling regulatory barriers and integrating entrepreneurship more strongly in the education curricula. Companies can do their part by creating a culture of innovation, actively encouraging and learning from mistakes and failures and cooperating more closely with start-ups.
Here are what policymakers and businesses need to do to power up the entrepreneurial spirit and start-ups in Switzerland to drive innovation and the country’s growth in turn.
Family businesses are the backbone of the Swiss economy. Even among the largest companies listed at the Swiss stock exchange, you find many with significant family involvement. This is why we believe family businesses are key to powering up Switzerland.
99% of all companies in Switzerland are SMEs or family businesses. They are the backbone of the Swiss economy and employ two-thirds of its workforce. Start-ups have the entrepreneurial spirit which is necessary to foster innovation - not just in terms of R&D but also in terms management agility. This is why we believe entrepreneurship is key to powering up Switzerland.
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