Liechtenstein and the Rhine Valley are among the most highly industrialised regions in Europe and home to very innovative companies. In order to maintain this in the future, Liechtenstein supports new developments and has tax laws with special provisions for income generated from intellectual property.
With its Europe 2020 strategy, the European Union aims, among other things, to increase the speed of innovation and the productivity of its member states. Goals include investing 3% of the EUs GDP in research and development. Liechtenstein invests double this amount: in 2011 around CHF 370 million, equivalent to over seven percent of GDP. The majority of this investment in research and development was carried out by companies based in Liechtenstein.
The government of Liechtenstein and the regional government of the Swiss canton of St. Gallen founded the «RhySearch» research and innovation centre in 2013 with the aim of strengthening innovation in the Rhine Valley. The main focus is on creating closer connections between the research institutions and the real economy, thereby boosting the competitiveness of local businesses.