Skip to main content

Basel-Stadt expands innovation promotion

| News

Basel-Stadt expands innovation promotion

18.01.2024

The canton of Basel-Stadt is increasing its innovation funding to a total of 67 million Swiss francs by 2030. Existing programs such as BaseLaunch and DayOne will be complemented by initiatives such as BaselCircular and FoodHealth.

The canton of Basel-Stadt is increasing its innovation funding by 42.5 million Swiss francs to 67.3 million Swiss francs for the period up to 2030. This was decided by the Grand Council on 17 January. The decision marks the canton’s commitment to continue supporting five programs and introduce four more. The programs are divided into three fields of innovation: life sciences, sustainable economy and digital transformation.

The canton already finances the BaseLaunch program to promote biotech startups and DayOne for local innovation at the intersection of life sciences and digital health. The HealthTechParks program for the promotion of low-cost infrastructure for startups such as laboratories, congress funding and rent relief for startups will also continue. Among others, the canton intends to launch the BaselCircular program to promote the circular economy. A total of 9 million Swiss francs will be made available for the program until 2030. The canton wants to strengthen local production and value creation while promoting innovative ideas from existing companies and startups. In doing so, it aims to play a pioneering role in Switzerland.

Remain an attractive business location in the future

The new FoodHealth program aims to contribute to the diversification of life sciences by promoting agri and foodtech. Cooperation with neighboring cantons is also planned. Basel2037 promotes economic measures aimed at achieving the goal of net zero by 2037. BaselTech aims to promote the digital sector in the canton.

Kaspar Sutter welcomes the cantonal parliament’s decision. “In order to remain an attractive business location in the future, we are focusing our location promotion on innovation,” writes the cantonal councillor on LinkedIn.

Share this article

Sign up to receive our newsletter in your inbox.

You may also be interested in

Nouscom secures 67.5 million euros in financing

Biotech company Nouscom has raised 67.5 million euros in a series C financing round. The Basel-based firm intends to use...
Read More

Celebrating six months of innovation: i4Challenge accelerator New Ideas 2022/2023

On the 5th of July 2023, the 3rd iteration of the i4Challenge accelerator program New Ideas came to its conclusion....
Read More

How open innovation in healthtech hubs is fueling the rise of digital healthcare

How the ever-increasing uptake of digital solutions is enhancing patient engagement, increasing access to care and lowering the cost of...
Read More

How to access the U.S. market with your medical device

In one of our latest Venture Mentoring events by Basel Are Business & Innovation, we invited Nila-Pia Rähle to speak...
Read More

Paradigm shift in pain management

Pain is a crucial sensation for survival, but it can also drive us to depression and long-term suffering if not...
Read More

BOOM Summit in Basel accelerates health technology

The BOOM Summit at Messe Basel in April 2024 will be a completely new kind of healthcare conference. The first...
Read More

Do you have a question? We'd like to hear from you.