Liechtenstein has good prospects of becoming a centre for start-up companies, the German investor Frank Thelen has said. To do so, however, the principality must work on conditions for founders.
German investor Frank Thelen has paid another visit to Liechtenstein. Since his participation in the Impuls Liechtenstein Erfolgsfaktor Innovation event, Thelen has been in close contact with Prime Minister Adrian Hasler, reported the government in a statement. During a press conference as part of his visit, Thelen said that he sees great potential in the Prime Ministers proposal to position Liechtenstein as a centre for start-up companies. Thanks to its performance capacity and short distances, Liechtenstein offers big advantages, according to Thelen. However, the countrys greatest strength is its flexibility, he said, adding that in todays market, speed is among the most important requirements.
Thelen also praised Liechtensteins strategy to strengthen innovation in the country and region at the same time as attracting start-up companies to settle. However, the investor added that Liechtenstein must work on its conditions for founders. Competition is big, he said. Other countries and regions are also trying to position themselves as centres of innovation. Thelen remains convinced that Liechtenstein has the potential and power to perform well in this competition.
During his visit, Thelen also visited the Hilti AG Innovation Centre and gave a presentation at the University of Liechtenstein. He gave feedback on students business ideas and answered their questions on investment capital.
Frank Thelen is the CEO of venture capital company e42, which supports founders in the fields of technology and design. In 2012, he won the Microsoft Innovate 4 Society Award.