Vaud

Vaud Economic Promotion, through its agency Innovaud, plays a pivotal role in fostering economic growth and innovation in the canton of Vaud. The organization provides a comprehensive suite of services aimed at supporting the creation and development of local businesses, as well as assisting foreign companies in establishing themselves in the region. By focusing on high added value businesses, Vaud Economic Promotion seeks to create new job opportunities and enhance the local economy.

Innovaud, as the innovation agency, offers tailored support to tech-oriented companies, including startups, scale-ups, SMEs, and corporates. The agency facilitates the development of business and innovation projects by providing access to financing, helping recruit staff, and offering guidance on the local tax system and its advantages.

The organization operates through a network of 10 regional associations, each serving as a local support hub for businesses. These regional organizations are composed of private sector representatives and municipal financiers, ensuring that businesses receive relevant and practical advice.

Vaud Economic Promotion's business model revolves around providing these services to stimulate economic activity and attract investment to the region. By leveraging its extensive network and resources, the organization helps businesses navigate challenges such as sustainability and decarbonization requirements, ultimately contributing to a more robust and sustainable local economy.

Keywords: economic growth, innovation support, business development, job creation, tech-oriented, regional associations, financing, sustainability, local economy, investment.