How ZHAW is Driving Financial Business Innovation in the Swiss Market
Recent years have seen an explosion in technological advancement, leading to, among other things, significant disruption in the finance industry. ZHAW (Zurich University of Applied Sciences) is one institution that has taken the lead in driving innovation in the Swiss market, and in this article, we’ll examine how they are accomplishing this.
An Overview of ZHAW
ZHAW is a leading institution of applied sciences in Switzerland, with a mandate to provide research services and collaborate with industry partners to offer solutions for social and economic challenges. They are a key player in driving innovation in the country and have made significant contributions to the finance industry in recent years.
Collaboration with Industry Partners
ZHAW understands that innovation cannot be achieved in isolation, and as such, they have established collaborations with various industry partners to drive financial innovation. One example of this is their partnership with the Swiss Banking Institute at the University of Zurich, which has yielded significant research in the areas of banking and financial regulation.
They have also collaborated with Swisscom, a leading Swiss telecoms company, on a blockchain research project aimed at developing a secure, reliable and auditable means of transferring digital assets. This collaboration led to the development of a prototype digital asset management platform that has been lauded for its innovation and ability to promote trust in financial transactions.
Research and Knowledge Transfer
ZHAW has a comprehensive research unit that focuses on finance, economics, and banking. They actively conduct research on emerging issues and trends in the finance industry and disseminate their findings through various channels to inform policymakers and industry stakeholders.
They also have a Center for Innovative Finance and Risk Management that focuses on developing cutting-edge solutions to manage risks in the finance industry. This center collaborates with industry partners and utilizes an interdisciplinary approach to achieving their research goals.
Startup Incubation and Support
ZHAW has established a startup incubator to provide support for financially-oriented startups. The incubator offers services such as financing, mentorship, and office space to startups with innovative business models and potential for growth.
This initiative has been lauded for its critical role in promoting innovation and diversity in the finance industry. Some of the startups that have benefitted from the ZHAW incubation program include Bexio, a digital accounting platform for SMEs, and Advanon, a platform that enables SMEs to access working capital through the purchase of open invoices from their customers.
Conclusion
In conclusion, ZHAW is at the forefront of driving financial business innovation in the Swiss market. Through collaborations with industry partners, intensive research, and startup incubation and support, they have demonstrated their commitment to promoting innovation and building a vibrant finance industry that meets the needs of diverse stakeholders.
Their efforts are a testament to the importance of collaboration and knowledge transfer in driving innovation, and we can expect ZHAW to continue playing a critical role in shaping the Swiss finance industry for years to come.
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