Trending Lugano, Ticino, Switzerland Startups

In a picturesque town where the alps meet the mediterranean luganos various companies are making waves in the swiss startup scene with a population of approximately 63000 people lugano may be small but its startup scene is anything but that with a longstanding tradition of entrepreneurship the town has seen many successful businesses being founded there over the years one notable example is the swiss luxury watchmaker franck muller which was founded in lugano in 1983 and has since become a globally recognized brand geographically its a beautiful town with a mediterranean feel surrounded by the stunning alps lugano is also known for its high quality of life and excellent infrastructure in terms of technological innovations lugano has seen a rise in startups focusing on fintech blockchain and artificial intelligence the town is home to several incubators and accelerators including the swiss startup factory and the fongit innovation center which provide support and funding to startups in the area there are several companies founded in the area that have made a name for themselves in the global market one such example is the fintech startup advanon which provides invoice financing to small and mediumsized businesses another notable company is helsinn healthcare a pharmaceutical company that specializes in cancer treatments many companies have also chosen to set up their headquarters in lugano attracted by the towns favorable tax system and businessfriendly environment one such example is banca zarattini a private bank that has been operating in the area for over 40 years lugano is also known for its cultural and historical significance the town has a rich history dating back to roman times and has been inhabited by many different cultures over the years additionally lugano has a thriving art scene and hosts several cultural events throughout the year lugano is home to several universities including the university of lugano and the franklin university switzerland these universities offer a range of programs and resources for students interested in entrepreneurship and innovation the living wage in lugano is relatively high with the average salary being around chf 85000 per year the unemployment rate in the town is also relatively low at around 35 the city level gdp of lugano is approximately chf 17 billion which is impressive given the towns small size the rate of new companies starting and ending is difficult to quantify but the startup scene in lugano is definitely on the rise overall luganos favorable tax system supportive infrastructure and cultural significance make it an attractive location for startups looking to make their mark in switzerland and beyond with a focus on fintech blockchain and artificial intelligence lugano is keeping up with the latest trends in the tech industry and is wellpositioned for future growth