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St gallen switzerland is a small city with a big entrepreneurial spirit the area has a rich history of entrepreneurs dating back to the 19th century when textile manufacturing was the main industry today the city is home to a diverse range of startups from fintech to biotech the geography of the area is unique with the city nestled in the foothills of the swiss alps the population of st gallen is around 80000 with a mix of locals and expats drawn to the citys high quality of life technological innovations in st gallen have been driven by the citys two universities the university of st gallen and the university of applied sciences these institutions have produced a steady stream of talented graduates who have gone on to found successful startups companies founded in st gallen include ava a femtech startup that has raised over 42 million in funding and scandit a mobile computer vision company that has raised over 80 million the city is also home to several large corporations including pharmaceutical giant novartis st gallen is known for its annual st gallen symposium a gathering of global leaders and entrepreneurs to discuss pressing issues facing the world the city also has a thriving arts and culture scene with several museums and galleries the living wage in st gallen is around chf 4000 per month and the unemployment rate is low at around 3 the citys gdp is around chf 10 billion and the rate of new companies starting and ending is relatively stable overall the startup scene in st gallen is thriving thanks to a combination of talented graduates supportive government policies and a high quality of life that attracts entrepreneurs from around the world while the city may not have the same level of funding as larger startup hubs like zurich or berlin its unique location and strong community make it an attractive destination for startups looking to make a difference