Switzerland, preparing to become a paradise for Indian startups, wants freedom from its identity about 'black money'!
A large number of Indian startups are preparing to take advantage of the startup ecosystem of Switzerland and start their new venture there. At the same time, this mountainous country is presenting itself as a preferred destination for startups. For this, Switzerland has taken many competitive steps at the global level. Switzerland is now desperate for its new identity and is working on developing an ecosystem to woo Indian startups. Till now it is recognized as a haven for black money. Now it wants freedom from this identity. On hearing the name of Switzerland, two things come to mind. The first thing is about the natural beauty there.
Everyone wants to visit there at least once in life. Apart from this, the name of Switzerland also comes as a safe haven for black money. The eyes of the government there are on Indian startups. It is making various efforts to woo these entrepreneurs. According to a statement issued by the Swiss government, the Federal Council, the apex decision-making body of European countries, had asked the Department of Economic Affairs, Education and Research (EAER) to review Switzerland's startup ecosystem. This review revealed the fact that Switzerland's ecosystem is in good shape, although there is room for improvement in many areas. These include technology transfer, internationalization, access to skilled labor and finance, etc.
The Federal Council has now asked the EAER and the Federal Department of Justice and Police to review further measures in these areas. Their findings can be presented in June 2022. The Swiss government has said that the role of startup companies in the innovation power of the country remains very important. The government has said that startup companies have made a significant contribution in harnessing the potential of innovation. Along with this, he has also made an important contribution in the development of innovation. India is becoming a major hub for entrepreneurs who want to move forward through the startup route. Industry experts say that in such a situation, Switzerland could be a prime destination for Indians who want to set up their new venture in the global financial hub. Several investment bankers and international law firms have said they have been asked by several Indian entrepreneurs to explore Switzerland's potential as a startup destination.
