Switzerland is renowned as a global leader in innovation – it has led the WIPO’s Global Innovation Index rankings for the last 14 years, and was recently described by Forbes as “Europe’s hottest tech centre.” While it excels in many sectors, the Swiss innovation ecosystem is particularly focused on solving technical problems in key deep tech sectors including biotech, climatetech, and quantum.
Switzerland’s deep tech ecosystem is built on its strength in fundamental research, led by its world-renowned universities and research institutes. It’s no surprise that Switzerland’s largest startups hubs are centered around its flagship technical universities in Zurich and Lausanne. ETH Zurich produces the most spin-outs of any university in Europe, as well as the most deep tech spin-out value, while EPFL (Lausanne) is ranked fifth. Among these spinouts are companies like Climeworks, the global leader in direct air carbon capture. In total, Swiss universities produce the third highest spin-out value in Europe, behind only the UK and Germany.
In recent years, the Swiss deep tech sector has seen significant growth in investment, nearly doubling from $351 million 2022 to $684 million in 2023, while total invested capital across all sectors decreased by 43% over the same period. Over the last five years, nearly one third of total VC funding in Switzerland has gone to deep tech companies.