innovAARE AG, operator of Switzerland Innovation Park Innovaare, looks back on a successful first year of operation at its 10th General Meeting on June 17. With an occupancy rate of around 80 percent, the establishment of renowned deep tech companies, and close cooperation with the Paul Scherrer Institute PSI, the innovation ecosystem was able to further strengthen its position.

Strong growth in tenant structure

A total of six new companies were acquired in the 2024 financial year. Particularly noteworthy are the establishment of the European Space Agency (ESA) with the newly founded European Space Deep-Tech Innovation Centre (ESDI) and the fusion energy start-up Proxima Fusion. At the same time, established tenants such as Swiss PIC and VDL ETG significantly expanded their space. In addition to the tenant companies, PSI itself is the park's largest tenant, occupying around 14,400 m² and employing around 300 people.

Broader ownership base

Last year, the cities of Aarau and Baden and the consulting firm Helbling Technik were acquired as new shareholders. innovAARE AG now has CHF 2.4 million in share capital.

Personnel changes on the Board of Directors

Today, the Annual General Meeting elected the Board of Directors for another year as scheduled. Dr. Christian Brönnimann was confirmed as Chairman. In addition, Prof. Dr. Peter Flohr, Director of the FHNW School of Engineering and Environment, and Stefan von Bergen, Managing Director of Helbling Technik AG, were elected to the Board of Directors.

Looking ahead

For the current year, innovAARE AG is focusing on attracting more companies and strengthening its innovation hubs in the fields of photonics, quantum technologies, semiconductors, life sciences, and sustainable energy. CEO Robert Rudolph emphasizes: “Strong demand and close ties with PSI create ideal conditions for further expanding Park Innovaare as Switzerland's leading deep tech platform.

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