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Leuthard wants to learn from Silicon Valley

Economics Minister Doris Leuthard said on Friday that Switzerland could learn from the United States about ways to finance green technology.

Speaking during a visit to Silicon Valley in California, she told journalists that Switzerland was well known as an innovative country, and that it was important to move further in the direction of new technology.

Switzerland is as advanced as the US as far as innovation and scientific knowledge is concerned, she added, but lags behind in investment policy.

“We have the potential,” she said, “but it needs to be better used, for example in improving the financing of young enterprises.”

She said she did not have a “magic recipe”, but called on the banking and academic sectors to work more closely together. She added that she was ready to help promote networking between them.

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