MindMaze, the first Swiss Unicorn, was founded in 2012 by CEO Dr Tej Tadi and has headquarters in Lausanne, Baltimore, London, Paris, and Mumbai. Its healthcare division, which has spent more than a decade working at the intersection of neuroscience, bio-sensing, engineering, mixed reality, and artificial intelligence, is tackling some of the most difficult problems in neurology, like stroke, Alzheimer’s disease, and Parkinson’s disease, by developing a universal platform for brain health and recovery along with novel digital therapeutic interventions. The MindMaze team, all of whom have a neuroscience background, set out to create a system that could quickly intervene in neurological rehabilitation. A mobile neurorehabilitation system for hospitals developed for early motor rehabilitation, along with a gamified neurorehabilitation system for both hospital and home, are among the unicorn’s services. The startup is a VR-based neuro-rehabilitation solution provider. Switzerland-based MindMaze is an international pioneer in digital neuro-therapeutics (DTx) solutions, with the purpose to help the brain recover, learn, and adapt more quickly. Key Investors- FIT, MedTech Innovator Venture Kick and Hambro Perks Products & Services- Digital Neuro-therapeutics Solutions Sector- Biotechnology Research, Healthcare, Therapeutics and Virtual Reality These are the Most Valuable Unicorns in Switzerland in 2022. Switzerland placed third, up from fourth in the last year’s research and further strengthening its standing as a desirable area to establish a business. Germany and the United Kingdom took first and second place, respectively. Switzerland has been rated as the third-best country in Europe for startups and unicorns. Their labour market’s durability is illustrated by its constantly low unemployment rate, which has stayed around 4% since 2000. Swiss cantons (the term used for member states of the Swiss Confederation) share economic power, and the country has one of the highest GDPs per capita in the world. Switzerland’s population has the second largest percentage of persons with tertiary education in Europe, making it an excellent place for attracting top talent. Proptech startup Hegias, which has developed a virtual reality CMS solution for the construction and property sector, DeepCode, which is represented as ‘Grammarly for developers,’ and Gamaya, which uses drone technology and analytics to help farmers improve efficiency and sustainability, are among the ones to watch.Ī company must have a competent and highly qualified group on board if it is to flourish. As a result, the country is home to a thriving tech startup sector along with a slew of pharmaceutical and biotechnology unicorns.Ĭredit Suisse Group, Zurich Insurance Group, and Novartis Pharmaceuticals are just a few examples of globally successful Switzerland companies. Furthermore, the country has business-friendly lawmaking, excellent infrastructure, and political stability, and non-Swiss residents can start up a business reasonably fast and easily. Geneva, the country’s second-largest city, is a global financial and diplomatic powerhouse, with the World Bank, the United Nations, and the International Olympic Committee among its many international organisations. Finally, watches account for 9.1% of Switzerland’s exports. Machines and electronics came in second and third, respectively (14.4 per cent).
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Swiss exports were predominantly chemicals and pharmaceuticals in 2019, according to the Federal Statistics Office (44.8 per cent). The main trading partner in Switzerland is the European Union (EU). The service sector of the nation accounts for roughly 74% of Swiss GDP, while the industrial accounts for 25%. To create a business in Switzerland as a foreigner, however, you must be a Swiss citizen or resident or have a Swiss legal partner. Because the country is home to some of the world’s most prominent colleges, attracting top talent is simple, especially in sectors like science, technology, and medicine. Switzerland is a developing startup scene and a world leader in innovation for entrepreneurs. Its central European location has made it a centre of business since the Middle Ages, and it is today the obvious choice for global companies to establish their headquarters.
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The business climate in Switzerland is acknowledged as beneficial to both new and established enterprises and startups. As a result, Switzerland’s cost of living is quite expensive.
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Although Switzerland does not have a minimum wage, its moderate remuneration is among the highest in the world.