5/6/2020

Financial support for startups and scale-ups impacted by COVID-19

Webinar on May 6, 2020, 9 a.m. - 10:30 a.m., with regards the financial aid granted by the Canton and the Confederation, for startups / scale-ups, impacted by COVID-19.

The measure

On the State level, requests will be reviewed and validated by a taskforce of representatives from SPEI, Innovaud and FIT. Companies will be notified and able to follow up their file on a digital platform. It is expected to take between 3 to 5 days to get an answer.

On April 17, 2020 the State Council of Vaud commited to helping early-stage companies that had been impacted by COVID-19 and allocated CHF 20 million to make up for the lack of support from the federal government but on condition of the subsidiarity principle.

On April 22, 2020 the Federal Council eventually came up with an additional measure for start-up/scale-up in the form of bank loans. This measure potentially allows you to get a credit from the bank of your choice to cover up to a third of your operating costs but to a maximum of CHF 1 million. If accepted by the bank, this loan will be fully guaranteed by the public authorities as 65% by the Swiss Confederation and 35% by the State of Vaud. As a result, the initial CHF 20 million announced by the State Council will be used to cover the share of 35% related to all loans requested.

WEBINAR

SPEI and its partners, Innovaud and the FIT, are hosting an online event in order to present you this measure and walk you through the steps in the best way possible.

WEDNESDAY MAY 6, 2020 between 9am - 10:30am via ZOOM

Please register to our zoom webinar with the link on the right.

PROGRAM

- Introduction & Moderation (5min)| Patrick Barbey - Innovaud Director

- Presentation of the measure (20min)| Raphaël Conz - Head of Companies Unit for SPEI

- Position of the cantonal bank(10min)| Didier Muller - Head of the SME's department for BCV

- Reminder of the FIT support (5min)| Julien Guex - General Secretary of the FIT

- Q&A (1h15)

The chatroom is going to be open up to 500 participants. For those unable to attend, this webinar will be broadcasted onInnovaud's YouTube channel (after the webinar).