Garaventa wins innovation award
Goldau SZ – This year’s main prize of the Central Switzerland Chamber of Industry and Commerce Innovation Award has been awarded to Garaventa AG. The ropeway manufacturer from Goldau impressed the jury with its cylindrical lift in Stoos.
Tamedia invests in Lykke
Zurich/Zug – Tamedia is investing in the Crypto Valley fintech startup Lykke. The media group also plans to make additional fintech investments in the future.
TOLREMO raises 9 million francs
Zurich – TOLREMO therapeutics AG has successfully raised 9 million Swiss francs in a Series A financing round. The biotech start-up from the Greater Zurich Area develops treatments to prevent drug resistance in cancer therapies.
Zug welcomes five new companies
Zug – Five companies have recently opened subsidiaries in the canton of Zug. They hail from sectors including life sciences, ICT and fintech, and were drawn by Zug’s business-friendly climate and well developed blockchain network.
New incubator for Crypto Valley
Zug – A new incubator has launched in Zug. Crypto Valley Venture Capital (CV VC), which was founded by Lakeside Partners and private investors, will offer seed money and an incubation programme to blockchain startups.
AdNovum launches mobile authentication solution
Zurich – AdNovum is extending its NEVIS Security Suite with a mobile authentication solution that uses fingerprint or face recognition to identify users. The innovation will make transactions via e-banking easier and more convenient.
ETH plans new professorships in future-oriented disciplines
Zurich – The Federal Institute of Technology in Zurich (ETH) plans to secure its leading position in the long term with new professorships in future-oriented scientific fields. Among them are cyber security, medtech and robotics.
Porsche and Hyundai invest in WayRay
Zurich – Porsche, Hyundai and Alibaba have invested in a startup company from the Greater Zurich Area. WayRay raised 80 million dollars in the investment round, with plans to channel the funds into its augmented reality technology for cars.
Auterion raises $10 million
Zurich – ETH spin-off Auterion, the world’s largest open-source drone software company, raised $10 million in seed funding earlier this month. The amount is well above the Silicon Valley average.
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