Five reasons why Switzerland is top in innovations.
1 A nation of inventors
Switzerland is a global leader due to their level of scientific knowledge and their ability to launch technologies into consumables for the market. Switzerland has a commanding lead on the number of patents of inventions in relation to population. There were the most patent license applications per million of inhabitants in Switzerland back in the year 2015.
2 World-class research institutes
Swiss universities appear to be some of the leading institutions on a regular basis. For example, Lake Of Zurich High Technical School is just right behind Oxford, Cambridge and Imperial College London.
Switzerland also offers an opportunity to develop research and development, innovation centres and techno-parks throughout the country, because there is constant collaboration between educational institutions, universities and the private sector.
3 Transnational corporations provide sources of venture capital
Partnerships with small and medium-sized businesses promote innovation.Swiss industrial giants are some of the biggest research and development centres, spending huge budgets for Research and Development (R&D) aims. Keeping and developing close contact ties between business, authorities, venture capital, small and medium-sized business, innovational startups, universities and R&D establishments, Swiss companies appear to be the leading drivers of innovation development both in Switzerland and in the world.
4 Focus on green economy
The majority of Swiss technology companies place a great deal of focus on issues connected with the development of renewable energy resources. There is even a special reward in order to encourage innovations in this area in Switzerland. However, all these advanced technologies should, as a result, take on a form of products, outlets and technologies, commercially successful and in-demand.
5 Highly skilled employees
Switzerland ranked high for: knowledge-intensive employment. Perhaps this a result of their dual education system and the pull of Switzerland itself for highly qualified workers. Employees here really know their stuff.