Zurich/Hinwil ZH - Procavea Biotech and Embotech have triumphed at this year’s Swiss Technology Award. The two spin-offs from the Swiss Federal Institute of Technology Zurich (ETH) won in the Inventors and Start-ups categories, respectively. The Innovation Leader award went to Belimo.

This year’s Swiss Technology Award was presented at the Swiss Innovation Forum in Basel on November 18. The award given by the Swiss Economic Forum aims to promote a culture of innovation in Switzerland. It recognizes excellent companies in three categories: Innovation Leaders, Start-ups and Inventors.

ETH spin-offs win Swiss Technology Award
Image: Startup ticker

The award for the Inventors category was won by Procavea Biotech. The start-up has developed a patented protein cage that can be used to transport pharmaceutical active substances within the body in a targeted way. The Swiss Innovation Forum writes that the development from the ETH spin-off Procavea Biotech has “the potential to set new standards in molecular medicine, improve existing therapies and address unmet clinical needs”.

Another spin-off from the ETH prevailed in the Start-ups category. Embotech AG uses artificial intelligence to develop software for autonomous systems. According to an appraisal of Embotech on startupticker.ch, “the start-up is successful on the market and on a growth course”. According to this, the start-up plans to provide transportation as a service in addition to software in future.

The winning trio was completed by Belimo Automation AG. The start-up with headquarters in Hinwil in the canton of Zurich rose to victory in the Innovation Leaders category with its Belimo Energy Valve. The smart valve controls water flow through heating, ventilation and climate systems in order to minimize energy costs and optimize the efficiency of a building.

Life sciences

Life sciences

Do you want to be close to major players, innovative start-ups and leading research institutes in the life sciences space? The Greater Zurich Area has evolved into a dynamically expanding life sciences hotspot, thanks to the region’s academic excellence, business-friendly regulations, IP protection, large international talent pool and R&D collaborations between universities and start-ups, as well as large multinational corporations.

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