{"id":4995,"date":"2020-04-29T11:30:44","date_gmt":"2020-04-29T09:30:44","guid":{"rendered":"https:\/\/blog.startups.ch\/en\/?p=4995"},"modified":"2020-04-28T18:58:15","modified_gmt":"2020-04-28T16:58:15","slug":"154-million-for-start-ups-what-you-need-to-know-about-the-federal-guarantees","status":"publish","type":"post","link":"https:\/\/blog.startups.ch\/en\/154-million-for-start-ups-what-you-need-to-know-about-the-federal-guarantees\/","title":{"rendered":"154 million for start-ups \u2013 What you need to know about the federal guarantees"},"content":{"rendered":"\n

On\nApril 22, 2020, the Swiss Confederation pledged CHF 154 million in financial\nsupport for start-ups. The new measure is a response to the call for help from\nstart-ups and builds on the existing guarantee system. But what exactly are\nguarantees and how does the path to a loan work? We answer your questions.<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Guarantees for\nstart-ups<\/strong><\/p>\n\n\n\n

Innovative\nstart-ups are key drivers of the Swiss economy. It is therefore even more\nimportant that they are supported in the ongoing corona crisis. Up to now,\nstart-ups haven\u2019t been able to benefit from the federal government’s aid\npackages because the emergency loans were tied to turnover or wage totals.\nEspecially for young start-ups, both numbers can be quite small. As a result,\nloans for start-ups were not approved at all or were very low. If at the same\ntime private investors withdraw their support, bankruptcy is imminent. This is\nabout to change! On April 22, 2020, the federal government responded to the\ncall for help from start-ups and issued a new support concept. <\/p>\n\n\n\n

Cantons\ncan decide for themselves<\/strong><\/p>\n\n\n\n

The new\npackage of measures for start-ups builds on the existing guarantee system and\nis designed to provide rapid support. By April 30, 2020, the Confederation will\ncreate a corresponding procedure, with the Confederation itself guaranteeing 65\npercent of the loan and the cantons 35 percent. In total, up to CHF 154 million\nwill be made available, CHF 100 million of which will come from federal funds.\nWhether the cantons will participate is still unclear, however, and is left to\neach canton to decide for itself. This is because many cantons have already\nadopted comprehensive packages of measures to support start-ups. Which cantons\nwill participate in the federal government’s plan will be revealed at the end\nof the month. <\/p>\n\n\n\n

How to\nget the loan<\/strong><\/p>\n\n\n\n

Start-ups\nwishing to take advantage of the aid must submit a guarantee application to the\ncantonal authority responsible by August 31, 2020. The latter may seek advice\nfrom a committee of the Swiss Agency for Innovation Promotion (Innosuisse) to\nassess the application. If Innosuisse supports the request, it will be\nforwarded to a guarantee organisation recognised by the Confederation, which\nwill issue a confirmation of the guarantee. With the latter, a start-up can\napply for an emergency loan from any bank.<\/p>\n\n\n\n

What\nexactly is a guarantee (Conrtract of Surety)?<\/strong><\/p>\n\n\n\n

A guarantee is a contract that serves to ensure the fulfilment of an obligation, such as the repayment of a loan. A distinction is made between various forms of guarantees, which are regulated in Art. 492 – 512<\/a> of the Swiss Code of Obligations. The normal case is the so-called simple guarantee. In the case of a simple guarantee, the guarantor promises to take over a claim if the debtor is not in a position to pay it himself. The guarantor is only obliged to pay if several promissory notes have already been issued against the principal debtor, if the debtor has fallen into bankruptcy, has received the debt-restructuring moratorium or has moved his residence abroad. In addition, the guarantor may demand in advance that any existing liens be realised.<\/p>\n\n\n\n

We are available for advice and support under the e-mail help@startups.ch<\/a>.<\/p>\n\n\n\n

Haben Sie eine innovative Gesch\u00e4ftsidee, die Sie gerne umsetzen m\u00f6chten? Die Experten von STARTUPS.CH stehen Ihnen gerne zur Verf\u00fcgung und begleiten Sie in berufliche Selbst\u00e4ndigkeit.<\/p>\n\n\n\n

<\/div>\u00bb Medienmitteilung<\/a>\u00bb Online gr\u00fcnden <\/a>\n","protected":false},"excerpt":{"rendered":"

On April 22, 2020, the Swiss Confederation pledged CHF 154 million in financial support for start-ups. The new measure is a response to the call for help from start-ups and builds on the existing guarantee system. But what exactly are guarantees and how does the path to a loan work? We answer your questions. Guarantees […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"154 million for start-ups \u2013 What you need to know about the federal guarantees #covid19 #corona #startupsch","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"aioseo_notices":[],"views":809,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p54Pb1-1iz","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4995"}],"collection":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/comments?post=4995"}],"version-history":[{"count":1,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4995\/revisions"}],"predecessor-version":[{"id":4997,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/posts\/4995\/revisions\/4997"}],"wp:attachment":[{"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/media?parent=4995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/categories?post=4995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.startups.ch\/en\/wp-json\/wp\/v2\/tags?post=4995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}