Swiss startups: thousands of jobs created
The Venture Kick Annual Report 2022 shows that the philanthropic foundation continues to contribute to Switzerland's leading position as a location for innovation. Since 2007, the startups supported by Venture Kick have attracted nearly CHF 7 billion in investment and created 12,000 jobs.
Venture Kick looks back on a remarkable 2022 in its just-published annual report: the philanthropic initiative received 712 applications and supported 89 new projects from universities across Switzerland with a total of CHF 6.11 million, and Venture Kick alumni raised over CHF 1.6 billion from investors around the world. Despite the unstable economic environment, startups continued to impress with large funding rounds, institutional partnerships, world records and awards. In addition, 52 Venture Kick Alumni are among the TOP 100 Swiss Startups of 2022. "It is amazing to see that Venture Kick startups continue to raise record amounts from investors, grow their companies and create skilled jobs - despite the difficult times we are experiencing globally," comments Beat Schillig, Co-Managing Director of Venture Kick.
Venture Kick leads 15 years of Swiss startups to success
Since its launch, Venture Kick has received nearly 6,000 applications. For every CHF 1 in seed funding awarded by Venture Kick, other investors followed with an average of CHF 150. The survival rate of Venture Kick-backed startups is an impressive 86%. The startups that won the third phase of Venture Kick and received the maximum funding amount raised a total of CHF 3.5 billion in follow-on funding, raising an average of CHF 17.46 million. This contribution to the continued growth of Swiss innovation has been in november with a special anniversary event and the publication of a Anniversary publication celebrated.
Looking to the future with ambition
For 2023, Venture Kick has increased its budget to CHF 6.3 million and plans to support more than 90 new spin-off projects from Swiss universities. Pascale Vonmont, Delegate of the Venture Kick Strategy Board, has a strong vision for the future: "In 2027, we want to celebrate 20 years of Venture Kick together with 1,000 active Venture Kick startups - including several unicorns and global market leaders - and their 20,000 employees."
More information can be found in the Venture Kick Annual Report 2022: www.venturekick.ch/AnnualReport2022
