Swiss start ups gain Covid-19 support
On 22 April the Swiss Federal Council enacted financial support measures for start-ups in Switzerland. Prior to this, most start-ups had no access to the government’s general financial measures set out in March, which was limited to financial support of up to ten percent of the sales generated in the preceding business year. Unable to present significant turnovers in their prior years, many start-ups found themselves ineligible for such credit. Furthermore, the pandemic has made raising start-up funds more complicated.