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PARK INNOVAARE continues to grow

Six new startups moved into PARK INNOVAARE in 2017. A milestone was also achieved with the building application for the new campus. PARK INNOVAARE intends to develop into a location for high-tech startups in the coming year.

PARK INNOVAARE
Image Credit: PARK INNOVAARE

PARK INNOVAARE can look back on a successful year. Since the end of 2016, six more startups moved into the innovation park, bringing the total number of companies with a main or branch office in PARK INNOVAARE to 11. They have succeeding in raising 15 million Swiss francs in financing to date.

PARK INNOVAARE is currently present at three locations on the Paul Scherrer Institute (PSI) campus. However, construction of a new 36,000 square metre main floor space is already in planning, and a milestone was achieved when the building application for the new campus was submitted in March 2017.

innovAARE AG, the operating company of PARK INNOVAARE, brought in four new shareholders over the course of 2017, bringing the total number of institutional shareholders in the innovation park to 39.

Together with the Swiss innovation park Switzerland Innovation and the official Swiss foreign trade promotion agency Switzerland Global Enterprise (S-GE), PARK INNOVAARE held marketing events in the US, UK and China with the aim of making the region known internationally as a business location.

innovAARE AG has set itself the goal in 2018 of positioning PARK INNOVAARE as a location for startups in the acceleration technology field. This comes in response to developments within PSI, which in 2017 launched the PSI Founder Fellowship Program to support entrepreneurial scientists found their own company.

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