Inventory of the blockchain cluster in Crypto Valley.
Switzerland's Crypto Valley is getting a face. Startup investors and advisors from Lakeside Partners and IT consultancy inacta have mapped and categorized more than 350 blockchain companies on the publicly available Crypto Valley Map. The directory also provides details on the companies' operations.
More and more companies are creating value with research and application of blockchain technology. They are thus becoming an important economic factor. Furthermore, a momentum has developed in Crypto Valley in Zug and Zurich that is also radiating to other regions. In French-speaking Switzerland and Ticino, there are more and more blockchain startups, so that Switzerland is indeed becoming a Crypto Nation.
Blockchain companies are becoming increasingly important for value creation
Now, for the first time, a comprehensive overview is available that shows the size, importance and diversity of blockchain companies in Crypto Valley. At the Internet address www.cryptovalley.directory lists more than 350 companies that develop and use blockchain technologies. The first inventory on Crypto Valley was compiled in meticulous detail by startup investors and consultants from Lakeside Partners and IT consulting firm inacta. For Mathias Ruch, founder and managing partner at Lakeside Partners, one thing is clear: "The numbers clearly show how important blockchain technology has already become for value creation in the Zug region." The ecosystem of these companies is becoming an increasingly important economic factor for the whole of Switzerland, he adds. The Zug company's figures show this: "We opened our second location, Crypto Valley Labs, three weeks ago and already count around 50 blockchain companies there. In total, there are now around 100 companies in our area alone," says the startup investor. That's remarkable, because a year and a half ago there were only about 20 companies.
Only a snapshot
Given the pace of development in this industry, it goes without saying that the map is a snapshot and is constantly changing. Daniel Rutishauser, Head Blockchain at inacta, says: "We see the map as an important tool and want to update it regularly." New blockchain companies can therefore register on the website if they want to be listed on the map. The map is tangible proof, even abroad, that Crypto Valley is one of the most important blockchain hubs in the world, he said. "This tool makes it easier for startups and investors to decide to base themselves in Switzerland," Rutishauser said.
Regular updates are also necessary because new companies keep appearing in Crypto Valley. Private and public contact points are still registering increasing numbers of inquiries. Well over 100 companies and founders per week inquire with them about how they can move to Zug in Crypto Valley. At the same time, interest from investors, crypto enthusiasts and established old economy companies continues to grow. Not a month goes by without a high-ranking foreign delegation visiting the Valley.
Crypto Valley radiates to other regions
The map shows for the first time how strongly the Valley is already radiating into the rest of Switzerland. The momentum has spread to French-speaking Switzerland and Ticino. There are more than 40 entries on the Crypto Valley Map in French-speaking Switzerland and already around 10 in Ticino. Ruch says, "What Economy Minister Johann Schneider-Ammann propagated in January is becoming apparent for the first time through the map: Switzerland is on its way to becoming a Crypto Nation."
