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76 companies in whose foundation HSG members were involved participated in the study of the second HSG Spin-Off Barometer in spring 2019. The 76 mostly recent firms generated a turnover of more than CHF 150 m in 2018, the year under review, and have created more than 3,500 jobs since their establishment. In the region of St.Gallen, 21 companies bear the HSG spin-off label. The HSG spin-off label is in great demand: in the last two years, 126 companies were awarded the label. “21 of them are based in the urban region of St.Gallen, eight more are located in the Cantons of St.Gallen, Thurgau, Schaffhausen and the Grisons, 67 in the rest of Switzerland and 30 abroad,” explains Diego Probst, Head of Startup@HSG.
"Many spin-offs make a direct contribution to regional value creation."
In spring 2019, the CfE-HSG conducted the second survey for the HSG Spin-Off Barometer, in which 76 companies with the HSG spin-off label participated. The survey revealed that the largest group of HSG spin-offs (40) were based in the Zurich area. In addition, the number of HSG spin-offs located in the St.Gallen region, namely 22, is disproportionately high. “Research findings show that university spin-offs boost regional growth,” explains Dietmar Grichnik, Professor of Entrepreneurship. Since according to the current Spin-Off Barometer, an above-average number of HSG entrepreneurs settle in St.Gallen, their contribution to regional value creation is relatively high.
36 of the 76 HSG entrepreneurs who were interviewed indicated that they had founded at least one additional firm besides the company
with the HSG spin-off label. Thus almost half
of the spin-off founders are so-called “serial entrepreneurs” – and are successful, as a recently published ranking of the Bilanz business journal reveals: the top ten of the most successful “Digital Shapers” in the “Serial Entrepreneurs” category include four founders of HSG spin-offs, namely Marc Degen (modum.io), Adrian Locher (DeinDeal, Merantix), Dorian Selz (Namics) and Tobias Reichmuth (SUSI Partners). Also, the serial entrepreurs Lea von Bidder (Ava) and Dorina Thiess (Piavita) succeeded in getting into the top ten of the best Swiss start-ups at their second attempt. Ava was even able to defend her first place in the Handelszeitung ranking.
More than a third of the 76 spin-offs of the University of St.Gallen which took part in the survey made use of the assistance provided by Startup@HSG during their start-up stage. Other studies also demonstrate that early university support for start-ups contributes to their later success in the market. The services of Startup@HSG at the Center for Entrepreneurship include coaching, office premises, events and a great deal more for HSG start-ups.