Science and Technology has always been the primary area of focus for the Swiss economy and strongly promoted by the government and the private sector. In fact, Switzerland tops the list when it comes to innovation. Furthermore, pharmaceuticals and MEM (mechanical or electrical/electronic engineering and metal) are, in the country’s leading exports.
Switzerland also leads the way when it comes to the highest ratio of European patent applications to population.
When a country faces a shortage in its natural resources, then the only way forward is to be proactively invest in education, innovation and training. That is exactly what Switzerland has been doing for decades. Information Communication & technology contribute nearly 8% to the country’s GDP and ranks third in the world, only behind Japan and Sweden.
Switzerland has some of the world’s best research institutions, these institutions play pivotal part in the development of infrastructure and economy. In the past research departments of universities have worked closely with the government on various projects such as Fribourg’s Innovation Park that aims to create 200 jobs as well as create a common meeting place for scientists and entrepreneurs.
Switzerland is truly a nation of inventors and innovators.