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Lausanne is a picturesque city that is known for its stunning views of lake geneva and the alps the city has a rich history of entrepreneurs highquality education and cuttingedge research institutions making it a prime location for startups geographically lausanne is situated on the shores of lake geneva with a population of over 140000 people the city is a melting pot of cultures with a significant portion of the population made up of expats and international students lausanne has been consistently ranked as one of the best cities in the world to live in thanks to its high standard of living excellent healthcare and low crime rate the city has a rich history of entrepreneurship dating back to the 19th century when the region became a hub for watchmaking the tradition of innovation has continued to this day with companies such as logitech mindmaze and bestmile all founded in lausanne making their mark on the global stage additionally lausanne is home to numerous research institutions such as the cole polytechnique fdrale de lausanne epfl which has been ranked as one of the top five technical universities in the world lausanne has a thriving startup scene with a high number of new companies starting each year especially in the fields of biotechnology medical devices and cleantech the city has a highly educated population with over 40 of residents holding a university degree and access to funding is relatively easy with a large number of venture capitalists and angel investors based in the city the city has also been at the forefront of technological innovations with a high level of investment in areas such as artificial intelligence robotics and renewable energy the city has been testing autonomous shuttles solarpowered boats and energyefficient buildings with companies like nestle and philip morris international headquartered in lausanne the city has a strong and diverse economy the living wage in lausanne is relatively high with an average monthly salary of chf 6400 6914 but the city has a low unemployment rate of around 45 however like many other cities lausanne has been affected by the covid19 pandemic which has led to a decrease in investment and the closure of some businesses lausanne startup scene is thriving with a highly educated population a supportive government and a strong tradition of innovation
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