Innovation Park Zurich has billions of potential
On behalf of the Switzerland Innovation Park Zurich Foundation, BAK Economics examined the economic significance of the Zurich Innovation Park. Direct and indirect value creation could amount to 2.7 billion francs annually if fully expanded.
The Switzerland Innovation Park Zurich foundation commissioned the economic research institute BAK Economics to carry out a scientific study on the economic significance of the Zurich Innovation Park (IPZ ). The study comes to the conclusion that the direct and indirect added value of the IPS could add up to around 2.7 billion francs per year if fully expanded. With a share of 90 percent of the total value added, the canton of Zurich would benefit particularly strongly.
The extensive study is divided into seven sections, ranging from the motivation for the analysis, the importance of innovation for the economy and society, the position of the Canton of Zurich in the innovation competition, to a detailed evaluation of the role that the Innovation Park Zurich plays in promoting growth and Prosperity could play rich. The study confirms that the canton of Zurich is underrepresented in industry, particularly in the high-tech sectors. According to the study authors, the IPZ could make a decisive contribution to upgrading the canton as an innovation location.
According to the authors, the IPZ could form the “risk area” necessary for transformation innovations in addition to the corresponding risk capital. The park should position itself as a "link between universities, research institutes, the start-up scene and research-based industry", according to the study. Structures created there could enable “global players” to settle in innovative areas such as “mobility, space travel, aviation, robotics, greentech or new materials”.
The Zurich Chamber of Commerce ( ZHK ) sees the results of the study as confirmation of their longstanding support for the innovation park. They show how important this is for the business and research location, she writes in a statement on the study. The ZHK hopes that the added value of the innovation park will lead to an acceleration of the ongoing procedures.