Zürich – ’s Business Metropolis

JETRO Seminar 14. November 2006

Office for Economy and Labor of the Canton of - Economic Development Walchestrasse 19, 8090 Zürich, Switzerland, Phone: +41 (0)43 259 49 86, Fax: +41 (0)43 259 51 71, E-Mail: [email protected], www.location.zh.ch, www.awa.zh.ch Agenda

¢ Did You Know That…? ¢ Zürich: Home to… ¢ Quality of Living ¢ Purchasing Power ¢ Infrastructure ¢ Life Science landscape ¢ Zurich – Location of Excellence Did You Know That…?

85 of the 100 3.7 million people The financial center largest companies within one hour’s drive of Switzerland

180 km from 45 minutes Science City Mediterannean sea to a ski resort ETH Zürich N° 1 Zürich: Home to...

…Internationally Known Global Companies Highest Quality of Life

Zürich offers an Outstanding Quality of Life ¢ Zürich ranked 1st for the fifth consecutive year Index 2006 for categories included: Rank City (New York = 100) overall quality of life • politics 1 Zurich 108.2 • social environment • economics 8 Munich 106.8 • socio-cultural environm. • medical & health 13 Amsterdam 105.7 • schools & education 14 Brussels 105.6 • public services • transportation 33 Paris 102.7 • recreation 39 London 101.2 • consumer goods • housing 46 New York City 100 • natural environment Source: World-wide Quality of Life Survey 2006, William M. Mercer: The study (next in Fall 2006) is based on detailed assessments and evaluations of 39 key quality of life determinants. Highest Quality of Life

A Vibrant International City with Quiet Retreats ¢ James Schiro, CEO, Zürich Financial Services “The nice thing about Zürich is that I can get up at 6 am, work out in the neighbourhood park, take a walk with my dog, have breakfast with an astonishing view over the lake – and still be at my office at 7.30 am. In New York, this would be impossible.” Highest Purchasing Power

Zürich - Highest Purchasing Power Worldwide

City Hourly pay net* (Zürich = 100)

Zürich 100.0 92.5 Frankfurt 76.3 New York 75.2 Amsterdam 73.7 Tokyo 66.0 London 65.3 Singapore 39.2

*Net hourly pay divided by the cost of the total basket. Highest Purchasing Power

High Disposable Income ¢ Example - In order to receive net EUR 100,000 a gross income of only EUR 130,000 is needed

Place Net Income (EUR) Gross Income (EUR)

Zürich € 100,000 € 130,000 , & France € 100,000 € 200,000 USA (Massachusetts) € 100,000 € 153,000 Outstanding Infrastructure

nd Zurich - 2 Best European Airport (Airport Council International) Direct Flights to Asia

Bangkok ZH Colombo Dehli Hong Kong Karachi Kuala Lumpur Mumbai India Seoul Korea Singapore Taschkent Tokyo Outstanding Infrastructure

Commutes seldom exceed 30 min. door-to-door 60 km City

45 km Education

International Schools Canton of Zürich Lycée Français de Zürich Gockhausen International School Dayschool (ISW) Ages: 3-18 Dayschool SIS – Swiss International Ages: 3-15 School at Institut Minerva Zürich Bilingual/English College with Swiss Matura or IB-Diploma Swiss International School – Zürich North, Wallisellen (Z&I) Ages: 12-18 International School Winterthur , Winterthur Dayschool Hull’s School Zürich Ages: 3-15

th British Matura, 10 school year Wallisellen International School, Wallisellen Japanese School Ages: 15-90 LycéeFrançais de Zürich, Gockhausen Uster

/ Zürich International School (ZIS) Japanische Schule , Uster Dayschool

Kilchberg/Horgen/Wädenswil Inter-CommunitySchool Ages: 3-15 International School, Zürich, Zumikon Horgen / Wädenswil Dayschool Ages: 3-18 In addition more than 10 Bilingual Schools and Pre-

ZürichInternational School, Inter-Community School of Zürich Schools Kilchberg/ Horgen/ Wädenswil (ICSZ), Zumikon Ages: 3-18 Dayschool Ages: 3-18 Attractive Taxation

Corporate Income Tax

Source: KPMG’s Corporate Tax Rates Survey - 2003 Taxation System

IB taxation index – highly qualified manpower Effective average tax rate in percent for a highly qualified employee (available income after taxes: 100‘000 EURO; single)

70%

60% 1990 2003 50%

40%

30%

20%

10%

0%

Paris Milan Zurich Boston London Oxford Vienna Munich Øresund New York Cambridge New Jersey SF Bay Area (BS,BL) Geneva Region

Southern California Life Science Switzerland

Biotech Medtech Medtech Industry

Swiss Biotech vs. Medtech industry

Biotech 1) Medtech 2)

Unternehmen 229 500 Mitarbeiter 14'400 40'000 Umsatz CHF 6 Mia. CHF 6.5 Mia. F&E-Quote 15 - 18 % 8 - 12 % Marktpotential >$ 600 Mia. >$ 250 Mia.

1)Swiss Biotech Report 2006 2)Swiss Medtech Database Powerhouse Zurich

ETH N° 1 University Life Science R&D hot spot in Continental Europe Competence Center

Scientific Expertise Science City 12 “Technoparks” 21 Nobel Prizes Campus Tradition and Vision

Zurich - Prime Life Science Location

¢ Traditional Swiss field of precision mechanics ¢ Global Medtech Players - Nobel Biocare - Phonak Hearing Systems - Zimmer (ex Centerpulse)

Biotech 1) Medtech 2) Unternehmen 50 120 Mitarbeiter 1'200 10'000 Umsatz CHF 150 Mio. CHF 3.5 Mia. Medtech Industry I

Supporting location factors

¢ Research excellence and practice related education ¢ High qualified recruiting pool, strong work ethik ¢ Firstclass research environment ¢ Clusterinitiative - toolpoint - industrydriven Association network– 20+ member companies - 40 % global market share in liquid handling - Members like Mettler-Toledo, Tecan, Qiagen, Hamilton - Joint knowledge transfer, R&D projects, recruiting talents - Close collaborations with different universities Medtech Industry I

The National Centre of Competence in Research ¢ Co-Me network of 30 leading clinics / engineering sites ¢ Strong links to industry and international partners ¢ The leading house ETH Zurich University of Applied Sciences Winterthur ¢ Institute for Mechanic Systems ¢ Traditional (Precision)-Medtech Location Global Medical Forum in Rueschlikon-Zurich ¢ Annual core meeting of Global Health Care Leaders Thank you

Further Information about Zürich

¢ Canton of Zürich - www.location.zh.ch ¢ Zürich Tourism - www.zuerich.com ¢ Work Permits: - www.workpermits.zh.ch ¢ Handyguide to Zürich – www.welcome.zh.ch ¢ Greater Zürich Area - www.greaterzuricharea.ch