Switzerland wants to be a haven for Indian startups

Switzerland is looking to bolster its appeal as a preferred location for Indian startups through a number of globally competitive measures, even as it battles perception as a haven for alleged black money. The alpine nation, famous for its banks that are allegedly used to park ill-gotten wealth, is high on technology in various sectors, experts said. Startups then can be instrumental in charting the country's future economic growth trajectory.
According to a statement from the Swiss government, the Federal Council has asked the Federal Department of Economic Affairs, Education and Research to examine the country’s startup ecosystem. While this ecosystem is generally in good shape, there is room for improvement in a number of areas, including technology transfer, internationalisation, access to skilled labour and financing.