Business Seminar Canton of Vaud/Aeropole Competence Center in aviation and aerospace Wednesday, May 12th 2016
How can the Canton of Vaud support and boost the development of your business? Mr. Jean-Frédéric Berthoud, Director of Economic Development Canton of Vaud (DEV)
CANTON OF VAUD
SOME FACTS & FIGURES ABOUT CANTON OF VAUD 3 rd biggest canton in Switzerland 800 000 inhabitants / 32% of foreign residents (175 nationalities) More than 37,000 companies and 360,000 jobs GDP 2015 in CHF billions = 50 ; Switzerland (CH billions) = 600 Average annual GDP growth = + 2.2% ; CH = +1.9% A net job creation rate of 1.9% per year since 2001 (+ 70,000 new jobs) Exports : +7.8% per year since 2002 (CH = + 4.0%)
SOUND AND HEALTHY PUBLIC FINANCES Between 2004 and 2013, the Canton of Vaud reduced by a factor of ten its debt ; in 2013, the Canton of Vaud received a «AAA» debt rating by Standard & Poors As a result, the Canton of Vaud has room to strengthen its general economic conditions Corporate taxation reduced down to 13.8% by 2019
INVESTING FOR THE FUTURE University and R&D facilities Science & Technology Parks Investments 2012-2020: CHF 15 billions to develop the Canton City transportations CHUV: 800 mios Technology Cleantech/Renewable Energies New art museum
«EUROPEAN HUB» FOR TECHNOLOGY, INNOVATION & BUSINESS 70 000 students, professors and researchers = 10% of the population!
ECONOMIC DEVELOPMENT POLICY Strategic Economic Sectors Life Sciences (pharma, biotech and medtech) Micro and Nanotechnologies & Engineering Precision Industry Information & Communication Technologies (ICT) Cleantech (Renewable Energies & Environmental Technologies) Food & Nutrition Industry Luxury Goods Industry Tourism (Business & Leisure) International Sport Business All together, these sectors represent more than 2 500 companies and 70 000 jobs!
DIVERSIFIED AND TECHNOLOGY-DRIVEN ECONOMY 1,900 businesses and 52,000 people are engaged in high technology and leading industry clusters Since 2000, around 100 multinational companies have decided to establish their European or EMEA headquarters in the Canton of Vaud
CANTON OF VAUD FINANCIAL AND TAX INCENTIVES (1/2) Guarantees for bank loans Coverage of bank interests Investment Support Max. 50% of bank interests Max. 50% of bank loans and max. CHF 5 millions Training for technical and scientific staff Tax holiday on income and capital (canton and municipality) Max. 100% for 10 commercial years Max. 50% of the salary during 6 months, max. 15 KCHF per new hired employee
CANTON VAUD FINANCIAL INCENTIVES (2/2) Innovation and Commercialisation Support R&D projects Training for technical & scientific staff Mandates for business opportunities Development of new products & means of production Intellectual property rights Participation in business convention & trade shows Certification & homologation Market surveys Max. 50% of the total costs Budget of CHF 4 millions / year
INNOVATION & TECHNOLOGY TRANSFER Swiss Innovation Promotion Agency (CTI) Co-financing of R&D projects managed jointly by companies and universities labs >>> 50% of the total R&D costs Assistance in raising venture capital (CTI Invest) Facilitating access and participation to international R&D programs
DEV - ECONOMIC DEVELOPMENT CANTON OF VAUD Public/Private funding association: official partner of the Department of Economy & Sports of Canton of Vaud One-stop-shop to assist foreign companies in their establishment in our region 10 people team 450 members Hundreds of local partners Thousands of open doors
DEV : «ONE-STOP SHOP» Project Analysis Business Plan Company Creation Taxation Public Administration Process Guidance Partner Introduction Real estate Network Work and residence permit Schools
ECONOMIC DEVELOPMENT POLICY A Full Range of Support Financing Cluster promotion Infrastructure Coaching / Innovation/ Technology Transfer Office for Economic Affairs (SPECo)
AEROPOLE COMPETENCE CENTER
THANK YOUR FOR YOUR ATTENTION! RINGRAZIAMO PER LA VOSTRA ATTENZIONE!