Switzerland’s prosperity stems from its propensity for innovation. Swiss global corporations, as well as numerous small and medium enterprises, habitually strive to make improvements to their products, services and processes by investing heavily in research and development. This has meant that Swiss companies have been able to maintain their competitiveness over the last few years, despite the strong Swiss franc. This success is due, in part, to the presence of renowned research institutes and the ability to effectively turn research results into marketable products. Ideal conditions in the field of intellectual property and the availability of specialists in IP management also result in optimum conditions for protecting and harnessing innovation.
As a result of their innovative strength, Swiss companies have been competing successfully against international rivals in a range of industries for decades.