Helping Swiss start-ups go global

The Swissnex network supports innovative Swiss start-ups looking to expand their businesses internationally with various programs. Two of Swissnex’ Start-up Managers talk about their work supporting Swiss start-ups in the US and in the UK.

30.07.2024
Author: Tatiana Benavides Damm
A group of people pose for a picture in a courtyard in front of a brick wall and a Swissnex banner.
From 8 to 12 July 2024, the Swissnex Start-up Managers convened in multiple Swiss cities for the Internationalisation Roadshow.

For their Start-up Internationalisation Roadshow 2024, Swissnex and Innosuisse have joined forces to support innovative Swiss start-ups in scaling their businesses internationally. From 8 to 12 July 2024, Start-up Managers from all Swissnex locations met with stakeholders from the startup ecosystem in multiple Swiss cities. The Roadshow allowed start-up entrepreneurs to connect and explore possible international markets, besides marking the occasion for the Startup Managers to work on their global strategy alignment.

Swissnex and Innosuisse offer start-up internationalisation camps in Brazil, Boston, China, India, Japan, London, New York City, San Francisco, Seoul, and Tel Aviv. Other programmes available to start-ups include the Start-up Exchange Programs like the Climate Collider in Boston and New York and the Academy Industry Training in Brazil and India. Two of Swissnex’s Start-up Managers, Oriane Rütsche and Charlotte Chenu, talk about supporting young Swiss companies in scaling their businesses internationally.

How do you help Swiss start-ups?

Oriane Rütsche: We offer a variety of services, including cohort-based and individual support through programs including the Innosuisse Internationalisation Camps, Climate Collider, and Venture Leaders. Through these programs, we aim to help Swiss start-ups achieve their goals by connecting them with key resources such as lawyers, experts, opinion leaders, investors, and other start-up founders. During the programs, I help them understand the US business culture, legal and regulatory frameworks, and administrative requirements. I also aid in adapting the start-up’s pitch to the US market. When the start-ups arrive in the US, I help them organize meetings with local experts and stakeholders. We also host networking events to introduce them to the broader ecosystem.

Charlotte Chenu: We support and guide Swiss start-ups in their expansion to the UK, from understanding the UK regulations to meeting potential partners. Our programs are tailor-made for each company. This means that they can come whenever it suits them, and, depending on their needs, we will try to open doors for them. The UK is a very competitive and fast-paced market, no matter the sector. It is important for Swiss start-ups to come prepared with a clear idea of their competition and what makes them better. We usually start by introducing them to experts and corporates to enhance their knowledge of the UK market and eventually validate it. When Swiss start-ups have successfully validated their business in the UK, they can take on the next step where their goal will be more to establish business operations. We facilitate introductions as much as we can, but we also help them if they need guidance on hiring a local team, setting up a subsidiary or finding offices.

Oriane Rütsche

Portrait of a smiling woman with long blond hair and blue eyes, wearing a black top and red lipstick.

As the Innovation Lead for Swissnex in Boston and New York, Oriane Rütsche supports Swiss tech start-ups with their internationalisation and fundraising efforts. Each year, she assists 40 to 50 start-ups, primarily in the life sciences and climate tech sectors. 

What are some examples of successful projects?

Oriane Rütsche: In recent years, several of the start-ups have opened subsidiaries in the US, hired their first employees, and raised capital from US investors. Others have developed successful pilots and partnerships with hospitals in the US. We anticipate more US incorporations in the coming year. 

Charlotte Chenu: We recently hosted start-up cohorts in Fintech, with the Venture Leaders and in MedTech, with our Swiss-UK MedTech Mission. Both projects were a success: They answered specific needs from Swiss start-ups, while giving them exposure to potential partners and investors. 

Charlotte Chenu

Portrait of a smiling woman with long brown hair wearing a black top and red lipstick.

Charlotte Chenu is the Science and Innovation Project Manager for the Embassy of Switzerland to the United Kingdom. In this role, she is part of the Swissnex network and in charge of start-up related activities. Charlotte manages Innosuisse Internationalisation Camps in the UK, which supports Swiss innovative companies from a variety of sectors in their expansion abroad.

What challenges are there for Swiss start-ups in different markets?

Oriane Rütsche: In the US, the primary challenge is the highly competitive market, which means the start-ups have to work hard to stand out. The business culture differs from Switzerland, and investors expect a more dynamic, narrative-based pitching style. Despite these differences, the US market offers many opportunities for Swiss start-ups. In other Swissnex locations, stakeholders may be more excited to do business with Swiss start-ups, but cultural differences, especially language, pose bigger challenges.

Charlotte Chenu: Switzerland being a small market, it is crucial for Swiss start-ups to think about internationalisation early on, and make sure they allocate enough resources to their expansion. It’s important for them to stay focused and it takes time to understand all aspects of a new market (Business culture, regulations, competitivity, …). Programs like the Innosuisse Internationalisation Camps are a great help to them. They support them not only financially but also when it comes to deciding quickly if a market is for them or not.


Contact
Tatiana Benavides Damm, SERI Project Manager, Swissnex Network Unit tatiana.benavidesdamm@sbfi.admin.ch +41 79 288 34 96
Author
Tatiana Benavides Damm