Switzerland holds a leading global position in basic research, but there is a long latency period between scientific discovery and its widespread application. Many scientific discoveries in research are not translated into practical applications because industry/investors typically prefer to invest in more advanced technologies. Owing to lack of funding, early-stage developments get stuck in what is often referred to as the "valley of death."
Swiss entrepreneur and philanthropist Dr. h.c. mult. Hansjörg Wyss wants to change this: "Breakthrough discoveries in medical and technological fields have to be made available as soon as possible for the benefit of mankind," he says. To attain this goal, Hansjörg Wyss asked ETH Zurich and the University of Zurich to join forces, and the joint Wyss Zurich Translational Center was launched in December 2014. Wyss Zurich began operations in March 2015.