As every year, confinis is at the National Regulatory Conference in Bern.
Some of you may remember that we had a very interesting panel discussion last year about the dramatic drop in startup fundraising in 2023 (-40%), and I think that what we all went through in the medtech and pharma industry over the last 12-18 months shows that it was not a simple VC problem, but rather a macroeconomical phase. Which we all hope will be over very soon.
Unfortunately, this year we did not have the chance to follow up during the annual conference about the status of Swiss innovation, but we are organizing an event with Swiss Medtech for the end of the year that will takle this topic directly. We will come back to this soon.
But let me use this occasion to give some previews: according to the Swiss VC Report 2024, investments further shrank by 10% with respect to 2023 figures. While early stage deals grew in number, companies raising Round B and beyond struggled to get capital. In my opinion, though, the worst sign that we should all reflect on is the very small number of exits for Swiss startups: 20 in a whole year, for the second year in a row.
The outlook for next 12 months seems more positive than the past, but we must all work towards a thriving entrepreneurial environment - this is an identity that is essential to ensure long-term prosperity in Switzerland. Entrepreneurs need exits!
#fundraising #innovation #startups #regulatoryaffairs #medicaldevices #deeptech #combinationproducts
🔍 Million dollar question: where should you launch a new medical device or combination product first, in the EU or in the US? What are the current challenges in both areas?
🤔 If you wondered abou that, come meet us at the Swiss National Regulatory Conference, and let's discuss the best approach together.
confinis will be engaging with peers and industry experts on the key regulatory challenges facing Europe today as part of Swiss Medtech. 🌍🩺
We’re excited to share insights and help you navigate these complex times.
#innovators #regulatory #compliance #andbeyond #SwissRegulatoryConference #MedTech #RegulatoryStrategy #EUvsFDA