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Members of the research institutions at ETH Zurich (ETH) and the École Polytechnique Fédérale de Lausanne (EPFL) launched 176 spin-offs between 2017 and 2020. This indicates a robust culture of innovation and entrepreneurship within these institutions. On an annual basis, ETH and EPFL launched 28 and 17 spin-offs, respectively, during the same period. Analyzing these numbers in relation to enrolled students, full-time equivalent professors, and the number of faculties reveals intriguing insights about the innovation dynamics at these prestigious institutions.
When we compare the number of spin-offs relative to the number of students, professors, and faculties, some interesting patterns emerge.
EPFL shows a higher number of spin-offs per student compared to ETH. This suggests that EPFL students are more likely to engage in entrepreneurial activities and establish spin-offs. The entrepreneurial culture and support mechanisms at EPFL might be particularly effective in encouraging students to translate their research into commercial ventures.
ETH has a higher number of spin-offs per professor, indicating that the professors at ETH are more actively involved in founding spin-offs. This could be attributed to ETH’s strong emphasis on translating research into practical applications and its extensive support system for faculty entrepreneurship.
The higher number of spin-offs per faculty at EPFL suggests that the institution’s faculties are highly entrepreneurial and may have more interdisciplinary projects that lead to spin-offs. EPFL’s concentrated faculty structure might also facilitate more collaborative and innovative projects, leading to a higher spin-off rate.
Both ETH and EPFL provide significant support to foster innovation and entrepreneurship. These include access to incubation centers, funding opportunities, mentorship programs, and networking events. This ecosystem is crucial for transforming research into viable commercial products and services.
Both institutions are renowned for their research excellence, which is a key driver of innovation. High-quality research often leads to groundbreaking technologies and solutions that can be commercialized through spin-offs.
A collaborative environment that encourages interdisciplinary projects can significantly boost the number of spin-offs. Both ETH and EPFL promote collaboration among different faculties and departments, leading to innovative solutions that address complex problems.
The entrepreneurial culture at both institutions plays a vital role in encouraging students and faculty to pursue entrepreneurial ventures. Workshops, seminars, and competitions focused on entrepreneurship are common, providing the necessary skills and motivation to launch spin-offs.
For those in the seed phase looking to enhance their spin-off’s success, consider focusing on the following points:
The innovation strength measured by spin-offs at ETH and EPFL between 2017 and 2020 reflects the robust entrepreneurial ecosystem at these institutions. While EPFL has a higher number of spin-offs per student, ETH excels in spin-offs per professor and faculty. Both institutions showcase a balanced and dynamic approach to fostering innovation and entrepreneurship. By leveraging institutional support, engaging in high-quality research, fostering collaboration, and cultivating an entrepreneurial culture, spin-offs from these institutions are well-positioned to succeed and drive forward technological advancements.
For more detailed analysis and insights into the spin-off ecosystem, stay tuned for our upcoming reports and articles.