© 2024 EPFL EPFL startups raised CHF 470 million in 2023 - a record figure if we exclude 2021, an exceptional year with three IPOs. A total of 23 startups were created in 2023, and over a third of them by women. Startups suffered a "crisis" last year for the first time in a decade. The amount of capital raised by new businesses fell 30% in the US, 35% in Switzerland and 38% in France, for example, on the back of a slowing global economy. But startups coming out of EPFL were undaunted, and even raised a near-record CHF 470 million. This strong performance is due partly to the fact that many of them are deep tech firms, and therefore less affected by the economic downturn. "These companies have developed products and services based on advanced technology, and are still very attractive to investors," says André Catana, the head of EPFL's Startup Launchpad.
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