infonet-economy

Innovation has become a key element of the economic growth of highly developed countries. Moreover, it is an undisputed fact that Switzerland needs to strengthen its efforts at innovation. This has become clear, among
other things in the message of the Federal Council, the Swiss government, which emphasises the promotion of education, research and technology for the years 2004 to 2007. Speedy implementation of technological and scientific potentials into innovative products and services is one of the primordial requirements to be competitive in the marketplace and, hence, to secure jobs. Primarily, this is a challenge to entrepreneurs. It is more demanding to launch into activities with innovative products and services, and greater risks are involved, than in the rationalisation of existing productions. Nevertheless, although entrepreneurial skills and qualities are at the fore with regard to successful innovative processes, the influence of the state with its framework should not be overlooked. It is well worth examining and reconsidering these factors from time to time.Comparing the Swiss innovation system with those of other countries can be a highly profitable exercise.