Basel increasingly promotes the circular economy


Basel – The canton of Basel-Stadt is strengthening its innovation promotion with a new program. By 2030, 42.5 million Swiss francs are to be invested in this. In addition to life sciences and digital innovation, the circular economy is also a particular focus.

The canton of Basel-Stadt is among the most competitive in Switzerland, according to a media release. According to this, the government council wants to expand this position even further in the future. To this end, location promotion is to be consistently focused on innovation in life sciences, digital innovation and sustainable business. The government council has drawn up a corresponding program and is now submitting it to the Grand Council for a vote. The 2023 to 2030 funding project is to be endowed with 42.5 million francs, the release said.

In the field of life sciences, research and work projects of the Basel universities and the university hospital are to be promoted as well as start-ups in the sector. In the area of digital innovation, he said, the “entire field of innovation” should be significantly strengthened. So this applies both to startups and to collaboration between companies and universities.

A total of new programs are intended to serve the goal of a sustainable economy. The five existing programs are now joined by four new ones. “The priority of the measures is, among other things, the strengthening of the ecosystem in the field of circular economy, the networking of the many individual initiatives as well as the promotion of cooperations between research institutions, companies and financiers,” the canton states. Start-ups are to be promoted, but also established Basel companies are to be supported, also in line with the goal of net zero by 2037, which was already defined in 2022.

The projects are submitted individually to the Grand Council for decision-making in accordance with the Location Promotion Act. ce/ww