Zug Cantonal Bank promotes young companies in Central Switzerland
Zug - Die Zuger Kantonalbank beteiligt sich am Aufbau von buildify.earth. Die Aktiengesellschaft wird in innovative Jungunternehmen im Switzerland Innovation Park Central investieren. Insbesondere sollen Early-Stage-Start-ups angezogen und in der Region gehalten werden.
The Zug Cantonal Bank wants to support young Central Swiss companies with sustainable product innovations. To this end, it is participating in the establishment of buildify.earth, the cantonal bank says in a statement. The newly founded public limited company plans to invest in young companies in the Switzerland Innovation Park Central.
The innovation park, located in the Suurstoffi in Rotkreuz, focuses on sustainable product innovations in the building and energy sectors as well as mobility. The investments of buildify.earth are intended in particular to attract appropriate young companies in early stages, so-called early-stage start-ups, to the innovation park and keep them in the region. The Zug Cantonal Bank will initially contribute one third of the share capital of buildify.earth. It is represented on the board of directors by Martin Neuhaus, head of corporate client consulting.
“Zuger Kantonalbank is the bank of entrepreneurs in the region,” Hanspeter Rhyner, CEO of Zuger Kantonalbank, is quoted as saying in the statement. “With our commitment to buildify.earth AG, we are advocating for the best possible framework conditions so that start-ups can develop successfully locally and bring sustainable product innovations from Zug out into the world.”