Friday, 09 June 2023 05:33 GMT

Research Spending Remains Stable In Switzerland

(MENAFN- Swissinfo) Fewer academic funds flowed abroad after Switzerland was downgraded in the EU's Horizon Europe research project. © Keystone / Christian Beutler

Companies and universities spent CHF24.6 billion ($27.2 billion) on research and development (R&D) activities in 2021, according to the latest figures.

This content was published on May 25, 2023 May 25, 2023

A total of 140,000 people were involved in innovation projects, says a bi-annual survey by the Federal Statistical Office (FSO).

“By international comparison, Switzerland is one of the economies with the highest R&D intensity,” ranking fourth behind Israel, South Korea and the United States, the FSO said on Thursday.

R&D spending rose 4% since the last survey in 2019 with the lion's share (68%) performed by companies or by universities (28%).

The remaining R&D spending was by federal and non-profit bodies.

The government contributes CHF6.6 billion to fund educational research.

As a result of Switzerland being demoted in the European Union's Horizon Europe research programme, fewer academic funds flowed into international research projects than in 2019.



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