The Spin-off companies from ETH, EPFL and HSG in Switzerland, which active and operate in PropTech Industry
1995 – 2019
As you know ETH celebrated 25th year of Spin-off at the end of 2019. We have researched the Spin-offs from all universities in Switzerland, which is active in PropTech Industry. We are proud to announce that 99% of the founded companies are still active and operating . It is a success story from our universities. We already wrote about them in our PropTech 2020 Book, which published on 14th January 2020. Here we wanted show them to all PropTech community. There are 20 companies from three universities on the presentation.
Here are some definitions of Spin-off and where they come from. Spin-off firm is a generic term that refers to a new organization derived from an existing one. In business administration literature, we find two different phenomena: the creation of university spin-offs and corporate spin-offs. University spin-off firms have several definitions, which emphasize different aspects. A spin-off company is a new company created to commercially explore knowledge, technology, or research results developed at the university. This definition is in line with the most recent studies on academic entrepreneurship, where the presence of the inventor is not a necessary condition for its characterization. There are companies created from knowledge generated in a university laboratory or research group, that turn this knowledge or technology into goods or services of commercial interest, leading to positive economic and financial results. The key concept is knowledge created at the university, as well as its availability for the society through new companies.
Spin-off companies are one of the ways to transfer technology, expertise or knowledge from universities, as the new knowledge is incorporated into goods and services produced by these firms, which make them available to the public. The expected impact benefits the economy of a specific region in several ways: by promoting the increase of competitiveness of firms and competition between them, strengthening the entrepreneurial culture, creating qualified jobs and income, and spreading innovation, among others.