October 2024 Foundations Report: A Strong Autumn for Start-ups

Strong Central Switzerland

The growth of start-ups was particularly strong in Central Switzerland. A total of 648 new companies were founded, 20.45% more than in September. In October, the region registered 557 entries in the commercial register, 16.34% fewer than this month.

The trend was similar in Eastern Switzerland, where a total of 569 new companies were registered. The difference compared to the previous month is +14.72 percentage points and the year-on-year increase is 10.27%. In St. Gallen, the canton with the highest number of start-ups, 277 new companies were founded, which corresponds to an increase of 24.22% compared to the previous month.

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French-speaking Switzerland continues to grow

In the region with the largest number of start-ups, French-speaking Switzerland, 1309 registrations in the commercial register were counted. This corresponds to a growth of 4.05% year-on-year and 10.37% month-on-month. With 436 new start-ups in October, the canton of Vaud remains the canton with the highest number of start-ups in the region.

Zurich also excelled in October with 814 entries in the commercial register. This corresponds to an increase of 15.63% compared to September and a positive change of 2.13% year-on-year.

The increase was particularly strong in Ticino with 226 new registrations, which corresponds to an increase of 42.14 percentage points compared to the previous month.

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Northwestern Switzerland lags behind

The only region that did not follow this trend was Northwestern Switzerland. In October, 878 start-ups were registered, which corresponds to a slight change of +1.15% compared to September. In a year-on-year comparison, October 2024 lost 3.30 percentage points compared to October of the previous year.

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Outlook

As expected, there was an increase in start-up activity in October. The increase of 12.48% was particularly significant compared to the previous month. Since in previous years a further increase was recorded in November, it is expected that this will also be the case in the coming month.

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