Nine new companies get the Scale-up Vaud 2024 Label

This week, 45 companies were awarded the Scale-Up Vaud 2024 label by Innovaud. Among these 9 are new. To be eligible for the label, a company must meet various criteria, including an annual growth of at least 20% in its workforce or turnover over the past three years and have at least 10 employees at the start of the count.

This status confirms the positive evolution of a company as explained by David Baur, CEO of Aeler: "Receiving the Scale-Up Vaud 2024 label is a great honor and an important step for AELER. This recognition reflects our growth and innovation and reflects the dynamic entrepreneurial atmosphere that prevails in the canton of Vaud."

The nine new Vaud Scale-ups are:

• AELER Technologies has designed and manufactured a next-generation shipping container called Unit One, using composites instead of steel for increased strength and insulation, and integrated with a real-time monitoring system and IoT technology.
• domo.health offers a unique approach to digital health, by improving patient quality of life, optimizing resources, and accelerating new discoveries. Its AI-based platform empowers both individuals and health professionals, fostering collaboration and innovation.
• EH Group's unique fuel cell technology focuses on decarbonizing heavy-duty mobility (marine, mining, aviation, etc.) and large stationary power.
• Flybotix develops a drone solution with advanced software to visually inspect, digitize, and analyze confined space data without human intervention. Its patented technology doubles flight time.
• Neural Concept enables engineers to extract maximum value from simulation data, allowing them to explore an infinite number of designs without the need for expensive simulator recalls, and to automatically optimize a part based on a set of performance goals. NCS now drastically reduces simulation time with similar accuracy.
• RigiTech Technologies specializes in integrated drone delivery systems, with network-centric drones and RigiCloud software for scalability. With BVLOS approvals on 5 continents, RigiTech globally delivers essential goods, prioritizing healthcare, offshore, and postal markets.
• Tipee SA develops applications that foster a seamless connection between individuals and the organization. Committed to minimizing their environmental footprint, tipee strives for a sustainable economic model, with all their activities localized exclusively in Switzerland, while prioritizing the well-being of their employees and the surrounding community.
• Tayo SA improves the day-to-day operations of property managers, tenants, owners, and service providers through the automation of low-value-added tasks and a 24/7 platform that fTaacilitates fluid interactions.
• Wiz-Team SA offers comprehensive event management solutions that integrate powerful event technology, dedicated event professionals, and innovative insights from our community to facilitate the evolution and optimization of event delivery.

A welcome return and a lot of enthusiasm

"This year, it is the first time that we have a scale-up - Domo Health - which had the label in the past, lost it due to a decrease in growth and which obtains it again in 2024. This is very encouraging for the 2023 scale-ups which experienced a slowdown due to economic conditions and lost the label, it is probably just a phase. This is also proven: the best indicator to become a scale-up is to have been one in the past" comments Charlotte Ducrot, co-responsible for the Scale-Up Vaud community.

"Convinced that sharing experience is one of the keys to success, we look forward to exchanging with other growing Vaud-based companies to prepare the future of Tipee," says Jean-Marc Fillistorf, CEO of Tipee SA.

Good indicators in 2023

Vaud-based scale-ups raised over 500 million in 2023 and 4 of them had an exit. A fact that reflects the good economic health of the canton of Vaud and indicates to investors that it is a good place to grow a company. Indeed, this figure is positive as Patrick Barbey, Director of Innovaud explains: "The acquisitions made in 2023 affected between 500 and 1000 jobs in the canton of Vaud." He added: "For most of the positions concerned, it is good news with a buyer who brings a certain stability as it is the case for Lunaphore whose workforce has increased from 140 to 160 people."

(PR - ES)