The Venture Kick Annual Report 2022 reflects the foundation’s contribution to Switzerland’s leading position as an innovation hub. Since 2007, the startups supported by Venture Kick have attracted nearly CHF 7 billion in investment and created 12,000 jobs – even with the recent unstable economic backdrop, startups have continued to thrive. Last year, the initiative supported 89 projects with 6.11 million and for 2023, it is increasing the budget to CHF 6.3 million.
Venture Kick looks back on another noteworthy year: The philanthropic initiative received 712 applications and supported 89 new projects from universities across Switzerland with a total of CHF 6.11 million, and the Venture Kick alumni raised over CHF 1.6 billion from investors around the globe. Despite the unstable economic backdrop, the startups continued to impress by raising large financing rounds, forming institutional partnerships, setting world records, and earning awards. Moreover, 52 Venture Kick alumni rank among the TOP 100 Swiss Startups of 2022.
“It's amazing to see that the Venture Kick startups keep raising record amounts from investors, growing their businesses and adding qualified jobs – despite the difficult times we are facing around the globe,” comments Beat Schillig, co-managing director of Venture Kick.
Venture Kick celebrated 15 years of “kicking” startups to success
Since its launch in 2007, Venture Kick has received almost 6,000 applications and supported 917 Swiss startup projects with CHF 44.85 million. The financial support, training, and network program have created 718 companies and 11,362 jobs. Venture Kick counts a portfolio of 554 active high-tech companies and 62 exits. For every CHF 1 seed money awarded by Venture Kick, other investors followed on with CHF 150 on average. Startups supported by Venture Kick have an incredible survival rate of 86%. Startups that won Venture Kick’s third stage and were awarded the maximum funding have raised CHF 3.5 billion of follow-up funding, raising CHF 17.46 million on average. Venture Kick alumni companies have attracted CHF 6.76 billion and represent 52 companies ranked in the TOP 100 Swiss Startups in 2022.
High ambition and more money for startups
For 2023, Venture Kick increased the budget to CHF 6.3 million with the plan to support more than 90 new spin-off projects from Swiss universities. Pascale Vonmont, Delegate of the Venture Kick Strategy Board, shares a strong vision for the future: “In 2027, we want to celebrate 20 years together with 1,000 active Venture Kick startups – among them several unicorns and global leaders in their markets – counting 20,000 employees.”
Download the Venture Kick Annual Report 2022 for more information.
(Press release)
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