Under the auspices of Liechtenstein Impuls, the government is presenting four targeted measures to strengthen Liechtensteins capacity for innovation, one of which the Liechtenstein Venture Cooperative will provide a legal framework for creative minds.
The measures are designed to lay the groundwork for the best possible conditions for innovation in Liechtenstein, said prime minister Adrian Hasler in a government news release. First, the launch of the Liechtenstein Venture Cooperative (LVC) will provide a legal framework for creative minds in the development process. LVC founders would be able to involve their development teams in potential market success, and their job performance would be seen as an investment. Second, professionals will be able to test and implement their business ideas through a new degree programme at the University of Liechtenstein, thereby motivating more Liechtensteiners to become independent.
The proposal will strengthen the conditions for start-ups by granting restricted work permits to continuing education students. In addition, an award for start-ups in the form of a residence permit will be handed out. Finally, the government wants to promote innovative business models in the finance industry and tackle regulatory obstacles. To this end, a team within the Financial Market Authority (FMA) will serve as a point of contact and coordination for companies with innovative business models.