Osec was founded as a non-profit, semi-state sponsored association in Lausanne in 1927. It informs, advises and guides SMEs from Switzerland and Liechtenstein in their international business ventures. It links companies, experts and private and public organisations around the world, thus facilitating efficient promotion of foreign trade. Apart from export promotion, Osec has also been responsible for promoting Switzerland as a business location abroad since the beginning of 2008, as well as for promoting imports from selected developing and transition countries. Furthermore, the organisation is using additional funding provided by the stabilisation measures approved by the Swiss government in 2009 to develop export platforms in selected sectors. In addition, Osec runs 18 Swiss Business Hubs abroad, most of which are based in Swiss embassies. These offices provide guidance to Swiss exporters on four continents and promote Switzerland as a business location abroad.