Just like every prime business location, digital technologies and new business models are changing the Basel economy too. In addition, transformation areas are facilitating the rise of new economic fields. The Canton of Basel-Stadt supports the positive dynamics of digital change in its business and economy.
Sectors and Economic Areas
The Economic Development Unit is actively contributing to sustain and continue Basel's success story. It promotes cooperation between science and industry, offers infrastructure and services for technology start-ups and fosters a constant information exchange with Basel companies. Economic experts, such as the AWA’s sector managers for life sciences, finance, digital innovation and logistics/trade, offer and organise company consultations, roundtables and events on topical issues. The active dialogue with companies provides valuable feedback on location factors, which constitutes essential input for future economic policy decisions.
Branchen und Wirtschaftsflächen
Die Standortförderung trägt ihren Teil dazu bei, dass die Erfolgsgeschichte Basels in den kommenden Jahren weitergeht. Sie fördert Kooperationen zwischen Wissenschaft und Industrie, bietet Infrastruktur und Dienstleistungen für Technologie-Start-ups und pflegt den steten Austausch mit den Basler Unternehmen. Dank der Fachkompetenz des Verantwortlichen Wirtschaftsflächen, der Branchenverantwortlichen Life Sciences, Finanzwirtschaft, Digitale Innovation und Logistik & Handel können Firmengespräche, Roundtables und Veranstaltungen zu hoch aktuellen Themen durchgeführt werden. Ziel dieses Dialogs mit Unternehmen sind Rückmeldungen zu den Standortfaktoren. Diese sind eine wichtige Basis für die Gestaltung der Wirtschaftspolitik.
"We appreciate the expert advice provided by the Economic Development Unit and the personal relationship with our person of contact. Our concerns were addressed quickly and passed on directly to the right people – not only during the COVID-19 pandemic, but always."
The Economic Development Unit of the Canton of Basel-Stadt is committed to initiatives that maintain the high attractiveness of the location for existing companies and new arrivals alike. This includes, for example, the implementation of the OECD tax reform, the primary goal of which is to secure the location conditions and maintain tax revenues and jobs. Furthermore, joint efforts and additional instruments from the federal government and the cantons are needed to ensure the continued attractiveness of Basel-Stadt in a competitive global marketplace. Among those are contributions to research and innovation, funds to strengthen universities and cutting-edge medical science/technology, and to provide a highly attractive professional environment and quality of living for skilled workers.
In the past year, the Economic Development Unit supported the Head of the Department of Economic Affairs, Social Affairs and the Environment and the Cantonal Government in the following areas:
Basel is proud of its dynamic and forward-looking life sciences "ecosystem", home to leading global companies and a fast-growing community of pharmaceutical, biotech, medtech and digital health companies and start-ups from all over the world. A strong 'ecosystem' provides the key drivers for innovation and new technologies.
The Economic Development Unit supports cooperation between public and private research institutions and hospitals and local businesses.
The region forms the leading ecosystem for the life sciences industry in Europe, and our goal is to expand this position further. Together with the cantons of Basel-Landschaft and Jura, the Canton of Basel-Stadt provides funding for Basel Area Business & Innovation, the non-profit agency for economic development and innovation promotion for the Basel region.
In 2022, with the support of Basel Area Business & Innovation, 23 companies settled in the region, 19 of them from abroad. With 12 settlements, life sciences companies account for more than half of the newcomers. In addition, 63 start-ups were supported during formation.
Venture monitoring and funding as well as acceleration programmes such as BaseLaunch (biotech) and i4challenge (industrial transformation) also contribute to the region's attractiveness for start-ups. The Day One programme, launched in 2018, was extended in December 2022 for four more years and will be supported with a total of CHF 3.66 million until 2026 to continue promoting digital health activities in the future.
In addition to the innovation field of "Health", the Office of Economy and Labour (AWA) will also strengthen the ecosystems in the areas of "Digital Innovation" and "Sustainable Economy" in the future. These efforts are to be extended and furthered to take advantage of the opportunities that arise from the existing and new external impulses. During the year, a first step was already taken to establish the regional ICT ecosystem.
Digital Innovation and ICT
"Close cooperation with the sponsoring cantons is essential for us. This is the only way we can establish Basel and its life sciences cluster as a business and innovation centre of the future."