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PARK INOVAARE celebrates ground-breaking ceremony

On Thursday, construction of a new innovation campus at PARK INOVAARE got underway. The high-tech campus in canton of Aargau is scheduled to be operational in four years’ time. It will be home to offices in addition to specialist research laboratories and clean rooms.

Inovaare
The construction of a new innovation campus at PARK INOVAARE has started. Image Credit: PARK INOVAARE

Approximately 200 guests from the worlds of economics, research and politics were invited on Thursday to celebrate the ground-breaking ceremony for the construction of a new innovation campus at PARK INOVAARE. Construction will take place over the next four years and the new site will cover a total area of 23,000 square meters. The aim is for this campus to become a development base for innovations in the fields of acceleration technology, advanced materials, human health and energy.

PARK INOVAARE will offer space for offices, vibration-free research laboratories and clean rooms. The aim is to connect innovative thinkers at large companies, start-ups and SMEs with research institutes. PARK INOVAARE will be situated adjacent to the Paul Scherrer Institute (PSI) in Villigen. The PSI is also the lead tenant for the first stage of the expansion.  

Since being founded in 2015, a total of 14 high-tech start-ups have moved into the existing office and lab space at PARK INOVAARE. By the end of 2019, this should increase to 16. “We will now be able to offer our existing tenants much more space for their planned expansion”, commented Benno Rechsteiner, CEO of PARK INOVAARE, in a press release, before adding: “By attracting domestic and foreign companies, SMEs and other start-ups, we are creating a really exciting mix of businesses here at PARK INNOVAARE”.

PARK INNOVAARE is one of five innovation parks connected to the national initiative Switzerland Innovation. The lead investor of the Aargau innovation park is the Coop Pension Fund, which has contributed 155 million Swiss francs to this project.

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