Liechtenstein offers start-ups ideal conditions for their businesses. The country even has what it takes to become the Silicon Valley of the Alps, Minister of Economic Affairs Daniel Risch told participants at the eighth Investor Summit Liechtenstein, where start-ups from Liechtenstein and Switzerland presented their ideas to investors.

The eighth Investor Summit Liechtenstein took place in Schaan on Thursday. Deputy Prime Minister and Minister for Economic Affairs Daniel Risch told participants at the event that Liechtenstein is in a strong position when it comes to founding a company.

“Liechtenstein is a top-notch partner for companies, ideas and start-ups. All the pieces are in place to turn the Alpine Rhine Valley into the Silicon Valley of the Alps.”

Of the more than 50 start-ups that applied, 8 were selected by a jury to showcase their ideas to investors at the event. One of those selected was a local company, Cryptoz Liechtenstein. Founded in 2018, Cryptoz Liechtenstein operates an online platform that helps financial companies company with regulatory requirements.

Swiss start-ups also presented their ideas, including eMonitor from St.Gallen. Founded in 2015, it has developed software for real estate companies that digitalizes the process of finding tenants and renting apartments. Its current investors include venture capitalists and partners from the real estate industry, and the start-up is now seeking new funding to support its further growth. Exploris Health, a Zurich-based company, has set its sights even higher. It hopes to break into the billion-franc market with its artificial intelligence-based software that has the potential to revolutionize cardiovascular diagnostic testing with its 98 percent accuracy rate.

The event has a high success rate. Medtech firm Peripal from Zurich and OnlineDoctor from St.Gallen both presented their ideas at the 2018 Investor Summit Liechtenstein and succeeded in securing financing as a result. Liechtenstein fintech start-up Tradico, which participated in 2017, has since been acquired by Bank Frick.

Investor Summit Liechtenstein is under the patronage of the Liechtenstein government and the Liechtenstein Investment Market association.

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