Zurich – Zurich University of the Arts (ZHdK) and the investor platform Fuelarts from the USA want to strengthen the growth of the Swiss creative tech sector. In future, they will compile an annual study on start-ups in the sector. The first “Swiss Creative Tech Startup Report” is now available.
The Zurich Centre for Creative Economies (ZCCE) at ZHdK and the Fuelarts investor platform from the USA want to help creative tech start-ups in Switzerland to expand their activities. The ZHdK announced in a press release that they will shed light on the creative tech sector in Switzerland on an annual basis. On June 19, the two partners presented the first edition of their "Swiss Creative Tech Startups Report" online.
In the press release, the ZHdK points out a number of important findings from the report. There are currently 277 start-ups in the Swiss CreativeTech ecosystem. With 1.75 billion dollars in financing since 1985, CreativeTech start-ups have raised around 13 percent of all Swiss financing for young companies.
A conservative business environment was named by 69% of respondents as one of the biggest challenges for start-ups in the sector. Almost half of Swiss creative tech start-ups cite difficulties after the pitch as the main obstacle to investment. Almost eight out of ten respondents felt that the teaching of creative entrepreneurial skills was missing from their training. In addition to such facts and figures, the report contains a series of interviews with personalities from the Swiss creative industries.
"We see this first report as an important contribution to the presentation of the creative tech ecosystem in Switzerland," ZCCE Director Christoph Weckerle is quoted as saying in the press release. "With such reports, we strengthen the argument for Switzerland to be a leader in the creative tech start-up sector." ce/hs