High-tech is the driving economic force in the Basel region and a guarantor of higher-than-average growth. And it will stay this way. Because a strong industrial backbone, an international business environment that attracts talent and specialists from all over the world, combined with the world-class Swiss educational system have rendered the Basel region an ideal biotope for innovation. Here, companies, in particular from medical technology, ICT, precision mechanics, as well as from chemical industries, will benefit from the following location features:
- The Basel region stands on strong industrial ground in the high-tech sector: 92% of the industrial value added in the canton of Basel-Stadt is created by high-tech companies. Similarly, in the more rural cantons of Basel-Land and Jura, it is well above 70% and hence above the national average of around 60%. And it’s this latter percentage that has lifted Switzerland into the ranks of the most innovative nations in the world.
- The Basel region is a front-runner in research and development: In Switzerland, the private sector is responsible for 69% of investments in research and development - a rather high ratio in global comparison – and 40% of which are generated in the Basel region, even though it holds only 10% of Switzerland’s population. Five of the 10 Swiss companies with the most patents registered are headquartered in the Basel region: Roche, Novartis, Clariant, Syngenta and Endress+Hauser. That’s why there simply is no other Swiss business location that employs a larger workforce in research and development.
- The Basel region is globally connected and attracts talents from all over the world: Approximately one out of five in the Basel region’s population of 700’000 hails from abroad; the expat community currently amounts to 36’000. Situated close to the borders of Germany and France, the Basel region also sees a daily influx of 70'000 cross-border commuters from these neighboring countries. It’s hard to think of another business location, where such intense international business dynamics are unfolding in so little space, to form a center of attraction for professionals and specialists from all over the world.
- World-class science and academic education: In addition to being a strong industrial research and development location, the Basel region is also perfectly positioned within the European world of academia. With its 2'000 professors and 12’000 students, the University of Basel is one of the oldest in Europe and ranks among the top 100 worldwide. Less than a two-hour train ride away are the Federal Institutes of Technology ETH Zurich (which has a life sciences department in Basel) and the EPFL Lausanne, both among the world’s absolute top-notch universities. In total, the Basel region (including its bordering countries) is home to no less than 167 research institutions in a perimeter of a few 100 kilometers. In addition, Switzerland’s dual education system and the University of Applied Sciences in Northwestern Switzerland provide a steady supply of highly trained professionals and skilled specialists.
Studies and surveys rank Switzerland year after year as one of the world’s leading location for innovation. Thanks to its strong industry backbone, a thoroughly international business environment that attracts talent from all over the world, and combined with the Swiss academic and dual education system, Basel has established itself as the innovation hub of Switzerland. The density of its offerings is truly unique: Maximum scientific performance, industry expertise and know-how, and a qualified labor force can be found within walking distance in the Basel region.