News

HSG spin-offs enjoy above-average success

Three quarters of all spin-offs affiliated with the University of St.Gallen (HSG) have recorded double-digit sales increases within the space of 12 months. They therefore display an above-average growth rate for start-ups. Moreover, HSG start-ups have helped to create around 3,500 jobs.

Up to March 2019, a total of 122 spin-offs have been awarded the HSG Spin-Off Label. Image credit: University of St. Gallen
Up to March 2019, a total of 122 spin-offs have been awarded the HSG Spin-Off Label. Image credit: University of St. Gallen

In 2017, HSG introduced a seal of quality, for which spin-offs that have been successfully established on the market can apply, as revealed by HSG in a press release. Up to March 2019, a total of 122 spin-offs have been awarded the HSG Spin-Off Label. Of these, 76 have now taken part in the latest “HSG Spin-Off Barometer 2019”, a survey conducted by the university.

According to the results of this survey, “the 76 spin-offs, most of which are start-ups” generated sales in a total volume of more than 150 million Swiss francs in the previous year. Furthermore, they have helped to create in excess of 3,500 jobs since being founded. In actual fact, three quarters of HSG spin-offs have increased sales by at least 11 percent within the space of a year. In contrast the average growth rate for spin-offs based in Switzerland in the first ten years is just 6.7 percent. Of the 76 companies included in the survey, an above-average number of 22 spin-offs have remained loyal to the St.Gallen region.

Nearly half of the founders of HSG spin-offs have also been involved in setting up at least one other company, as outlined by HSG in its press release. More than eight in ten of these additionally founded companies are still currently active. Moreover, HSG explained that four entrepreneurs in the form of Marc Degen of modum.io, Adrian Locher of DeinDeal and Merantix, Dorian Selz of Namics as well as Tobias Reichmuth of SUSI Partners, all of whom have founded HSG spin-offs, were included in the leading group of the most successful Serial Entrepreneurs among “Digital Shapers”.

Handbook for Investors

Our Handbook for Investors provides valuable information about technologies and production costs, taxes and financing, as well as the legal system and infrastructure in Switzerland. Browse through the complete handbook online or download the chapters most relevant to you.

Download
Read more
Recommend us
How should we contact you?

Premium Partner

Strategic partners

Institutional partner

Official program