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Tech industry in Switzerland is one of the most developed in the world. In every city in Switzerland, there numerous companies that have been started all addressing various tech issues that the consumer needs. Just like the Silicon Valley in the United States, Switzerland is a hub of technological innovations. The digital startups have been very beneficial to the economy of the country. There is jobs creations as well as revenue creation in the economy. This is an advantage given that these are two critical aspects of any good economy. The growth in the tech industry has kept Switzerland in the list of top countries that are doing very well in terms of growth in Europe.
Startup usually operate in a different manner from the big corporations. Since the market is already dominated by the large corporations who are collecting huge revenues every year, there is a need for the startups to come up with original ways of doing things. Instead of dealing with the tried and tested methods of production, startups come up with their ideas that will be appealing to the consumers. This is the route that enables them to mount serious competition against the big corporations.
Although not many startups learn how to grow into bigger companies, there are those that will be able to grow and match up to the big corporations. When a majority of startup companies runs an economy, the big companies will put a lot of finances into research and development. The consumer is the ultimate winner of the competition between small and large companies. Consumers gets to enjoy great technology as well as job opportunities that are created as the tech industry grows.
The advantage of the startups is that they have the privilege of thinking outside the box; this is because they have a small field of coverage. Even with a small workforce, it is possible to conduct better research in a particular field and come with the best solutions. The idea of startups in a country is a great one. It will lead to more innovative ideas that can be built on to provide job opportunities to the people.
About Mike Baur
Mike Baur is the leader of a startups incubator known as Swiss Startup Factory. This is an incubator that works closely with digital entrepreneurs to enable turn their ideas into profitable businesses. With so many startups coming up, it is necessary that there be good access to information. Mike Baur, a former banker, is dedicated to the mission of training and mentoring digital entrepreneurs.