Korean Re to open branch in Zurich
Zurich – The reinsurer Korean Re intends to open a branch in Switzerland in a bid to expand its presence in Europe, according to a media report.
ETH again reports record number of spin-offs
Zurich – 25 spin-offs were founded at the Federal Institute of Technology (ETH) in Zurich in 2017, the same as 2016’s record level. Many of the spin-offs come from the ICT area.
Singularity Net raises $36mn in one minute
Zurich – Singularity Net raised $36 million in just 66 seconds with its Initial Coin Offering. The crypto firm is developing a marketplace for artificial intelligence.
Number of new companies reaches record high
Schlieren ZH – More companies were founded in Switzerland in 2017 than ever before. The largest growth was registered in the canton of Zug, but in terms of numbers, most companies launched in the canton of Zurich.
Switzerland looks to expand leading blockchain position
Bern – Switzerland is seen as the world’s leading location when it comes to blockchain, says Mathias Ruch from the investor group Lakeside Partners. Federal councillors Johann Schneider-Ammann and Ueli Maurer have now launched a taskforce to develop liberal regulation.
PwC cooperating with a start-up
Zurich – PwC is collaborating with the start-up F ECTIVE, which is based in the Greater Zurich Area and has developed a platform that connects buyer to suppliers directly on the basis of specific criteria.
University of Zurich enters partnership in Prague
Zurich – The University of Zurich and Charles University in Prague are entering into a strategic partnership. The aims are to promote cooperation in research and teaching and to strengthen student exchanges.
Multinational subsidiaries drive employment
Neuenburg – In 2015, 11,524 subsidiaries of foreign multinational companies were located in Switzerland and employed around a tenth of the population. Most of them are based in the Greater Zurich Area, according to government statistics.
Young people are moving to Zurich
Zurich – The canton of Zurich is growing, and a large part of that growth comes from immigration. Migration flows with the rest of Switzerland are more balanced. Young people are attracted to the city of Zurich in particular.
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