The Zurich Innovation Park? It is already worth 2,6 billion

The Zurich Innovation Park? It is already worth 2,6 billion

The operation of the IPZ, according to BAK Economics, will guarantee a turnover of nine figures and 14.000 new jobs between Dübendorf and the Limmat

The various stages of implementation of the Switzerland Innovation Park Zurich
The various stages of implementation of the Switzerland Innovation Park Zurich

La Zurich Innovation Park Foundation commissioned the independent Swiss Institute for Economic Research BAK Economics, with offices in Basel, Manno and naturally on the banks of the Limmat, to study theeconomic importance of new infrastructure for the region in which it is located, the Canton of Zurich andwhole Switzerland.
Analysts have come to speculate impressive figures: they estimated the only direct and indirect added value of the structure at full capacity in approx 2,6 billion francs Swiss a year.
The one of BAK Economics it's the first one complete analysis of the potential ofZPI. The study, titled in English “The Economic Significance of Switzerland Innovation Park Zurich”, also examines the role of Switzerland and the Canton of Zurich as a place in the international innovation competition.

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Night rendering of the Switzerland Innovation Park Zurich pavilion
Night rendering of the Switzerland Innovation Park Zurich pavilion

In related industries there will be at least four thousand more workers

Lo Zurich Innovation Park could create 10.000 new jobs directly, while another 4.000 locations would be generated in immediate vicinity of the technology park.
The researchers show that, even if the territory of the city ​​on the banks of the Limmat has a above-average added value compared to the rest of the Swiss Confederation, it still has a lot to recover, especially in the high-tech sector.
Innovation and the technological progress are recognized as the most important engines of growth and of prosperity. From the point of view of the researchers, it is therefore worth the Zurich region you strengthen these sectors, creating more favorable conditions.

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The pavilion of the Switzerland Innovation Park Zurich under construction
The pavilion of the Switzerland Innovation Park Zurich under construction

Future trends triggered by the many research clusters

For BAK Economics, the reference clusters of the IPZ, defined in English in the study “Robotics and Mobility, Aerospace and Production Technologies”, also correspond to the most important global technology trends. Looking at patent development, for example, these incubators have shown a above-average dynamism just in the last twenty years.
Il Canton of Zurich stands out as one excellent university location and leading a international level, which also has a excellent score in most of the flocation actors.
With the making of the Zurich Innovation Park, the existing ecosystem can be significantly improved and used in a targeted way to strengthen the most populous Swiss city as a knowledge capital and research. Experts therefore attribute a strategic importance to the local establishment of the IPZ.

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Rendering of the Switzerland Innovation Park Zurich campus
Rendering of the Switzerland Innovation Park Zurich campus

The regional industry will benefit from carryover effects

I potential economic effects direct and indirect of the IPZ they are considerable. Depending on the activity and the number of companies that will settle there, they will be created around 10.000 new jobs directly and others 4.000 through the mechanism of the inductor, which will generate a additional tax revenue of different tens of millions of francs for the cantonal and municipal administrations.

Scientific innovation runs between Switzerland and Liechtenstein

View from the terrace of the Swiss Innovation Park Zurich
View from the terrace of the Swiss Innovation Park Zurich

Resources galore will fall on the Canton and on the Municipalities

Economists estimate thecumulative economic effect for the canton in approx 2,5 billion francs a year, which corresponds to1,7 percent of the Gross domestic product of the Canton. For the Switzerland, the total effect is estimated at 2,6 billion francs.
The figures show that the 90 percent of the added value of the IPZ is generated in Canton of Zurich, which is partly due to the fact that most of the business inputs and services come from the regional and urban environment of the city ​​on the banks of the Limmat.

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Rendering of the Switzerland Innovation Park Zurich hangars
Rendering of the Switzerland Innovation Park Zurich hangars

The levels of positive impact on the territory will be three different

Experts assume there are three different levels of impact.
- primary effects, which are generated by operation of the Zurich Innovation Park on an ongoing and value-added basis by companies and universities who will find a home there;
The side effects, which are generated by orders made to suppliers and service providers in the construction and operation of the IPZ and from the demand for employee consumption;
finally, the macroeconomic multiplier effects, which are generated throughout the value chain as a whole: the same development of the site of theDubendorf airport, which is already underway, has beneficial economic effects for several hundreds of millions of francs.

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Rendering of the Switzerland Innovation Park Zurich pavilion
Rendering of the Switzerland Innovation Park Zurich pavilion

The economic and tactical importance of the futuristic Park

The study thus impressively shows that the development of the Zurich Innovation Park and of immense strategic and economic importance for the canton of the same name and for the whole country.
Strengthen the territorial competitiveness through one greater dynamics of innovation and the improvement of research and development efforts (industrial and not only), in which Zurich has a considerable growth potential in national and global comparison.
I technological clusters of the IPZ I am in line with the global trends long-term and show a above-average dynamics.
The IPZ benefits fromoutstanding international position of the universities located in Zurich as well as the right to fill the gap between science and industry in a place with excellent transport links as well as in the best conditions work and test.

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View of the Saentisblick area of ​​the Swiss Innovation Park Zurich
View of the Saentisblick area of ​​the Swiss Innovation Park Zurich

The “IPZ project” explained in detail… “infrastructural”

Lo Switzerland Innovation Park Zurich (IPZ) is part of the national initiative Switzerland Innovation. Focuses on research and development at the interface of science and business in three clusters: robotics and mobility, aerospace e production technologies.
the accent ofinteresting project is placed ondirect integration and without complications of research, development and practical applications in a single place common to universities international companies.
Prefinanced by private investors, the park is currently under construction on Düb airport site

endorf. The institutions already active in theZPI include theETH (the famous local Polytechnic) and theUniversity of Zurich,EMPA (Swiss Federal Laboratories for Materials Science and Technology) e numerous companies.
Il Federal government he put the land available of the Canton of Zurich through the mechanism of building rights, provided that it Switzerland Innovation Park Zurich is really accomplished.

The report 'Economic Footprint Switzerland Innovation Park Zurich' by BAK Economics (in German)

The logo of the Swiss Innovation Park in Zurich
The logo of the Swiss Innovation Park in Zurich