Swiss Incubator kicked off in Tianjin

Source:Global Times Published: 2018/10/8 19:28:39

Guests and representatives at the event Photo: Courtesy of the Swiss Embassy in Beijing

The Swiss Incubator, a platform dedicated to high-tech startups which was initiated by the Embassy of Switzerland in China, drew a successful conclusion on September 19 on the sideline of the World Economic Forum's 12th Annual Meeting of the New Champions in Tianjin (WEF Tianjin). Attended by Swiss and Chinese government officials, 10 handpicked fast-growing high-tech companies from Switzerland presented their advanced technologies and potentials of their products. They showcased Switzerland's global leadership in bottom-up innovation at the nexus of industry, technology, art and design. The event, for the third time hosted during the WEF, is expected to strengthen the link between Switzerland and the WEF.

The 10 startups are engaged in different industries, in which Switzerland has leading advantages, including biotech, pharmaceuticals, electronics, mechanics, and clean technology. The startups are also in China for a 10-day road show within the framework of Venture Leaders China 2018, organized by Swissnex China and Venture lab. With business workshops, investor meetings and public events in Hong Kong, Shenzhen, Shanghai, Beijing and Tianjin. The road show offers the startups unparalleled exposure and insight into the Chinese market, along with learning about business opportunities, how corporate affairs work, pitching to investors and getting insights from experts.

During the pitch session, the startups competed with each other over ideas of innovation, technology and market potentials. GRZ Technologies was awarded the best idea.

"Switzerland is being known as the leading country globally in terms of innovation and technology. Originating from Switzerland, they have the strong desire to go abroad, especially China for big markets and collaboration opportunities," said the Swiss Ambassador to China Jean-Jacques de Dardel.


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