Switzerland is one of the technologically advanced countries in the world. This scenario is attributed the high number of tech startups that are coming up every day in the country. The government has also made it easy for businesses to be operational by creating a favorable business environment. Switzerland has for a very long time enjoyed stable political and governance environment.
Governance has been a key factor in the growth of the country. The government in Switzerland has set a culture of investing heavily in the economy. There has been a huge investment in the supporting structures of the economy mainly in the transportation and educational facilities. These structures are supposed to boost productivity for all the people in society. They create a level playing ground fie anyone interested in utilizing them.
An improved educational system means that there is a huge number of skilled citizens who can be very productive to the economy. The educated population is also the one that is coming with the innovative ideas that we see today. The population which mainly comprises of the young people is coming up with new ideas which are creating solutions to some of the problems that affect the local people. Most big corporations do not have the basic needs of the end user; however, a startup can be able to address the needs of the people in a more customized manner.
The government has also invested in creating a minimum wage that assures every person in the country is able to live comfortably. This creates a situation where the people are able to concentrate on productivity without worrying much about how they will feed their families.
According to reports by world transparency international, Switzerland is among the least corrupt countries in the country. With low corruption, the government is able to direct its resources into projects that are more important to the country. While other corrupt countries drain their resources on corruption deals, Switzerland is investing heavily in projects that matter. It also makes the people believe their government is dedicated to improving their welfare.
About Mike Baur
Mike Baur is an experienced tech investor in Switzerland. He is the executive chairman of a startup factory he co-founded alongside his college friend Max Meister. The startup factory is known as Swiss Startup Factory. He founded the company in 2014 after leaving the banking sector.
He was working with UBS and Clariden Leu. He was in the banking sector for about 25 years.