The government said the aim was to facilitate cooperation between science and the market and to promote new small and medium-sized companies founded by entrepreneurs to develop a unique product or service.
In its bill to parliament, the government also plans to allow Innosuisse to grant more powers to young entrepreneurs and to pay for expenses covering administrative costs of state-subsidised technology centres.
Under current law InnosuisseExternal link can only grant financial support for training and international projects.
The government also wants third parties to contribute between 40% and 60% of a project, instead of a 50-50 funding scheme.
Innosuisse’s role is to promote science-based innovation in the interests of industry and society in Switzerland and to support projects that could not be implemented without funding or do not exploit their commercial potential.
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Switzerland launches Covid-19 liquidity fund for start-ups
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The Swiss government is launching a fund to help startups facing cashflow problems as a result of the coronavirus crisis.
Automated driving on Swiss motorways is theoretically possible from March
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It will be theoretically possible to hand over the steering wheel to technology but no such system has been submitted for official approval yet.
Heated atmosphere at Swiss rally against AfD politician Alice Weidel
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Around 250 people demonstrated "against the right" and the German AfD politician Alice Weidel on Saturday afternoon in Einsiedeln.
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The Ethos Foundation recommends that shareholders vote against all compensation-related items at the Annual General Meeting on March 7.
Top Swiss firms close to reaching gender quota in boards
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The proportion of women on the boards of directors of the fifty largest listed companies in Switzerland currently stands at 28%.
Swiss committee wants to end government resignations during legislative term
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Members of the Federal Council should no longer be able to leave office before the end of their term, according to a House of Representatives committee.
Swiss government seat: Ritter and Pfister nominated to succeed Amherd
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Markus Ritter from St Gallen and Martin Pfister from Zug were officially nominated by the Centre Party on Friday to succeed Defence Minister Viola Amherd.
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The Swiss government wants to spend an extra CHF2 billion for the promotion of education and research over the next four years.
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