Stéphane Garelli at IMD: Innovation is good, but Swiss SMEs are not expanding

SwissInfo has posted a great interview with Stéphane Garelli (head of the IMD World Competitiveness Center) where he discusses innovation in Switzerland. (thanks to Andy Ryan at 3baysover for the pointer)

It’s really worth reading the whole interview, but here’s my summary:

1) lack of growth capital (he thinks there’s enough seed capital)

2) lack of ambition (focus on work/life balance)

3) small local market (compared to eg. the US) makes it difficult to get to critical mass to then go big

4) focus on small scale high added value & not big manufacturing

5) being risk averse is in Switzerland’s DNA

The interview is in response to the  recent KOF innovation study which show Swiss innovation as healthy but that other European countries are catching up (especially Findland & Belgium) or overtaking (Denmark).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s