Tokyo (SCCIJ) – The Swiss Federal Institute of Technology in Zurich (ETHZ) is the biggest start-up generating institution in Switzerland. A total of 43 new spin-offs were founded at ETH Zurich over the past year, a new record. A particularly large number of young companies were created in the areas of artificial intelligence and biotechnology.
The Swiss Federal Institute of Technology in Zurich set a new record for spin-offs in 2023; the picture shows the Hönggerberg campus (© ETH Zürich/Marco Carocari)
Strength in AI
One particular field of research that ETH Zurich is focusing on is also echoed in the number of new spin-offs in that area: artificial intelligence (AI). Of the 43 spin-offs founded in 2023, 12 have clear links to AI. One example is Quazel, an app for learning languages. An AI language tutor allows students to hold conversations on any topic, while the AI agent responds dynamically to everything that is said.
The team at BreezeLabs also uses AI software linked to standard headphones with a built-in microphone to monitor the wearer’s breathing rates. This allows personalized and targeted training recommendations to be given during sports activities.
As well as in AI, ETHZ has traditionally been very strong in the areas of biotechnology and pharmacy. This area had the biggest proportion of spin-offs in 2023. An example is the biotech spin-off ATLyphe. Their goal is to replace chemotherapy with antibody-based therapies to potentially make hematopoietic stem cell transplantation safer and more effective.
In 2023, 43 spin-offs were founded at ETH - 17 more than in the previous year (© ETH Zurich).
More female founders
The proportion of female founders of ETH spin-offs has increased compared to the previous year. In concrete figures, women were co-founders of eleven new ETH spin-offs over the past year. Vanessa Wood, Vice President for Knowledge Transfer and Corporate Relations at ETH Zurich is delighted: “The fact that we have managed to encourage more and more women to become entrepreneurs benefits Switzerland’s economy and society as a whole.”
A prime example is the spin-off apheros, where CEO Julia Carpenter and her team have created novel types of metal foams with diverse uses such as cooling and filtering. As the cooling required for electronic devices is often energy-intensive, the large surface areas and good conductivity of the foams produced by apheros provide an efficient cooling solution.
High levels of investment
2023 was also an outstanding year regarding grants received by ETH spin-offs. In 2023, CHF 47 million was made available, without the existing shareholdings of current owners being diluted.
There were also several substantial investment rounds. For example, the spin-off GetYourGuide, an online platform for travel activities, completed a new financing round of more than 70 million francs. The spin-off ANYbotics, which offers autonomous robots for inspections, received 50 million francs. The two drone technology companies Verity and Wingtra also benefited from new funding: Verity raised CHF 40 million for its self-flying inventory drones, while Wingtra received CHF 20 million for its drones, which are used for mapping and geodetic applications.
Text: ETHZ (Editing by SCCIJ)
