Basel Area a magnet for life sciences and start-ups
In 2023, the Basel Area economic region once again demonstrated high attractiveness for foreign companies and startups, with a remarkable number of 34 new establishments, predominantly in the life sciences sector. Additionally, Basel Area Business & Innovation recorded nearly a record high with 86 new company formations.
Under the aegis of Basel Area Business & Innovation, the tri-cantonal agency for location promotion and innovation promotion, the region has achieved impressive results in terms of both company relocations and start-ups, which, although slightly below the previous year’s level, are well above the multi-year average. The life sciences sector in particular is showing a strong commitment to the region, which emphasises its position as the leading Swiss location in this sector.
The Basel Area is characterised by a highly networked ecosystem that provides the basis for the development of innovative solutions. The newly established and founded companies are planning to create around 700 new jobs over the next few years, which will further strengthen the region’s economic dynamism. Companies from 17 different countries, including major biotech start-ups from the USA, have decided in favour of Basel, attracted by the region’s high quality of life and international orientation.
The Basel Area is thus continuing to establish itself as an attractive destination for future-oriented industries, with the consulting, life sciences and construction sectors standing out in particular. The commitment of Basel Area Business & Innovation is making a significant contribution to positioning the region as an innovative and forward-looking location both nationally and internationally.