The referendum on UK membership of the European Union that took place yesterday has brought great uncertainty. In such uncertain times, experience helps. This week we reported on numerous start-ups that have experienced people, or which have brought them on board.
Dear reader
The only certainty about the referendum on UK membership of the European Union is that much is now uncertain. However, the uncertainty has already dealt a severe blow to the economy. We provide an overview of the consequences of Brexit in an article, based on research from BAKBasel and in a Press Review, which we will complete in the coming days with references to articles related to start-ups.
One of the unresolved issues in connection with the referendum is what will happen to London as a fintech hub, and the consequences for Switzerland. Even more now, efforts are needed to progress. An important initiative in this area is the SICTIC Fintech Angels, which was launched this week and is aimed at improving the financing situation for Swiss start-ups
In addition, experience helps in situations characterized by uncertainty, whether it is founders that have great experience in the sector, as in the case of the very successful fintech start-up Investment Navigator, or start-ups that are increasingly getting people on board who have been involved in the sale of other start-ups.
The group of such people with exit experience is growing in Switzerland. Just this week, the young western Swiss laundry service On my way was sold to the French company Elis.
Another way to take advantage of experience is to seek a mentor; for example, via the network Womenway. The mentoring programme with experienced female and male mentors is particularly suitable for female start-up founders.
In addition, this week four young companies were awarded the CTI Startup Label. Even with these companies, which come mostly from the biotech sector, several highly experienced founders are active.
There was also good news in terms of medtech. The first closing of funds launched by Basel investment company MTIP at the beginning of 2016 took place with about CHF 30 million.
The CTI Micro Nano Event takes place next Thursday in Basel. Also on Thursday the public award ceremony of venture competition will be held in Zurich. Incidentally, Swiss television is reporting on the competition and SRF is having a focus week on start-ups, on, among others, ‘ECO’, ‘10vor10’ and Radio SRF 3.
You can meet me both at the Micro Nano Event and at the venture award ceremony.
Have a relaxing weekend.
Stefan Kyora
Managing Editor, Startupticker.ch
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