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CTI-coached firms raise SFr 90 million in 2003

This content was published on Dec 8, 2003 This number represents a significant share, some 60 per cent, of the total amount of venture capital raised in Switzerland by innovative firms. A total of SFr150 million has been recorded year-to-date by Tornado Insider’s Research database, which tracks funding of growing, high-tech startup firms in Europe. CTI Start-up is an initiative of the Federal…

Swiss jobless rate hits four per cent

This content was published on Dec 8, 2003 The data signalled that job insecurity would dampen consumer confidence during the festive season. The State Secretariat for Economic Affairs (Seco) announced on Monday that the number of registered unemployed had risen by 5,339 to 156,598. “What is positive is that for the first time since March 2001, we had a seasonally adjusted decline in…

EU rejects Swiss complaint over flight ban

This content was published on Dec 5, 2003 The European Union on Friday rejected Switzerland’s request to overturn the restrictions, saying they were neither discriminatory nor disproportionate. The European Commission said the restrictions did not violate an aviation accord between Switzerland and the EU, as the Swiss government had claimed. The measures were imposed unilaterally by Germany and effectively ban night flights into…

Erb folds under a mountain of debt

This content was published on Dec 5, 2003 It is the worst company collapse in Switzerland since the national carrier, Swissair, was forced out of business last year. Erb is indebted to around 80 banks. The secretive Erb conglomerate, which includes the world’s number two coffee trader, Volcafé, and Switzerland’s number two car importer, said it had suffered mainly from bad real estate…

Shoppers snap up off-the-shelf art

This content was published on Dec 5, 2003 The exhibition centre may only specialise in one line of product, but the store has all the characteristics of a modern supermarket – including trolleys. And like a chain store, it has many advantages. The artists see their works exhibited and sold to a wider public than normally frequents the smaller galleries. They also have…

ICTs give development aid a shot in the arm

This content was published on Dec 5, 2003 But they are hopeful that information and communication technologies (ICTs) could help turn this trend around. “For the first time, humankind now has the tools to redress the inequalities that divide us,” said Adama Samassékou, the president of the World Summit on the Information Society (WSIS). “ICTs also vastly increase the potential for learning and…

Stem-cell research approved – with conditions

This content was published on Dec 4, 2003 But the new law governing this controversial area of scientific research bans the production of human organisms from non-fertilised eggs. On Thursday, the Senate ironed out its differences with the House of Representatives to approve the draft law. It contains a prohibition on developing unfertilised human eggs for the purposes of stem-cell research. This was…

Swiss reject blackout criticism

This content was published on Dec 2, 2003 On Monday, Italian and French energy regulators issued a joint statement accusing the Swiss authorities of failing to cooperate with an inquiry into the power cut. The Swiss Federal Energy Office said it was “astonished” by the accusations – including the claim that Switzerland was making statements it could not verify. “There are several players…

Switzerland fails to tackle growing “digital gap”

This content was published on Dec 2, 2003 However, much of the population is still excluded, despite the strategy launched by the government to reduce the digital divide. In Switzerland, ICTs have become established practically by default, finding fertile soil in which to grow: advanced technical infrastructure, a favourable market and a high standard of living. “We can fairly claim that Switzerland is…

Dental implant innovator bites into market

This content was published on Dec 2, 2003 The young start-up joins a growing list of Swiss firms making headway in the emerging sector of medical technology. There are about three dozen firms active in this area around the world, according to the World Dental Federation – and a surprisingly large number are from Switzerland. The list of Swiss companies include Centerpulse, ITI…

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CTI-coached firms raise SFr 90 million in 2003

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Swiss jobless rate hits four per cent

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EU rejects Swiss complaint over flight ban

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Erb folds under a mountain of debt

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Shoppers snap up off-the-shelf art

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ICTs give development aid a shot in the arm

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Stem-cell research approved – with conditions

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Swiss reject blackout criticism

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Switzerland fails to tackle growing “digital gap”

More

Dental implant innovator bites into market

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