Creating frameworks and setting standards to be a leading business location
Switzerland, as a developed country, is faced with improving its productivity and competiveness. Innovation is more crucial now in the context of Covid-19, which has seen digital acceleration, (forced) adoption of digital channels and more data centricity. Innovation creates real value by discovering new commercially viable products and services whilst improving upon existing ones. By creating the necessary framework, setting new standards for data privacy and security and creating unparalleled open data collection, the government can secure Switzerland’s place as a leading innovative business location. Businesses need to innovate both in incremental and revolutionary ways, create a culture fit for innovation and manage their innovation portfolios to leverage ecosystems.
Here are how policymakers and businesses can drive innovation and create value to power up Switzerland’s competitiveness and productivity.
Dare to think big, and then dare to think bigger
"If there has ever been a year showcasing why we need to be innovative, then is has been this one. Companies had to adapt to the pandemic, and fast."
The public sector has made great strides, however, more needs to be done
“The pandemic in particular showed how important it is for Switzerland to be an innovative country. Many things went well, but others can be improved.”
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