Companies must be able to make dynamic adjustments in order to survive in an ever-changing commercial climate. Innovation – the commercial implementation of new ideas and their impact on the business market – is one of the most important growth factors of a modern economy.
For several years, Switzerland has been one of the world’s most innovative countries. Thanks to cutting-edge innovation, Switzerland is a strong competitor in the international stakes. Particularly in knowledge-intensive sectors, capacity for innovation is an important factor when facing location decisions. Companies in the life sciences sector are therefore also interested in locations with a high innovation potential.
The framework conditions in the Basel Region cluster that influence the region’s capacity for innovation are shown on the following pages. Research and development expenditure, patent density, the quality of regional universities and the level of education of the workforce are analysed for this purpose.