Switzerland rank 15th in cleantech index

Denmark is top with Israel second, but Switzerland, manages only 15th place in the Global Cleantech Innovation Index 2012.

The report, “Coming Clean: The Cleantech Global Innovations Index 2012” by consultants Cleantech Group, was published on 27 February and mandated by WWF. It looks at 38 countries, seeking those that have been most innovative and those that promise to do well in this rapidly growing market over the next 10 years.
Despite its great innovation, Switzerland is ranked only 15th. The country’s score is average on all factors except general innovation drivers, where it is stronger. It is ranked highest for general innovation inputs, though this is tempered by its weaker entrepreneurial culture. Switzerland’s emerging cleantech innovation score is helped by strong environmental patent output. Although the country has only average VC activity, it sees more later stage deals, with private equity, M&A and IPOs all above average. However, the country’s commercialised cleantech score is held back by low consumption of renewable energy. Switzerland scores slightly above neighbours Austria and France, but below Germany.

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Swiss start-up turns to the Nasdaq

Last year Auris Medical raised more than CHF47 million in venture capital for further growth. This was the largest round of financing in Switzerland in 2013. The company has two drugs in development: an injection for tinnitus and a drug for hearing loss in the inner ear. The tinnitus medication has already started the third and most expensive stage of development, the phase III trial. The Basel company, which has its headquarters in Zug, intends to raise the necessary capital on the Nasdaq: the IPO should bring Auris a total of $95 million in new money.