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Promoting the economy, assisting the development of new businesses, and creating new jobs – that is the role of Economic Development – Canton of Vaud (DEV).

DEV is a private non-profit association financed by the canton of Vaud and its members. It essentially works as a host and support organization for foreign businesses that are in the process of establishing their activities in Vaud.

In detail, DEV fulfills the following four specific roles:

Annual report 2018


Providing of a specific desk for foreign companies


Accompanying and supporting companies after they have signed up with the register of commerce

Targeted prospection

Taking part in targeted prospecting around the world in collaboration with the representations of the Greater Geneva Bern area and Switzerland Global Enterprise


Offering local businesses help in establishing themselves internationally, most notably via missions abroad

DEV operates in close consultation with both private partners (i.e., banks, notaries, lawyers, and trustees) as well as public partners. In particular, it works with the Department of Economics, Innovation, and Sport (DEIS) via the Office for Economic Affairs (SPEI), and with the Department of Finance and External Relations (DFIRE) via the Cantonal Tax Administration (ACI).

It also has strong relations with the regional associations for economic development under the aegis of the Vaud Economic Development Coordination Agency (CODEV). Furthermore, it works in conjunction with Innovaud – the dedicated innovation platform – and has close ties to the universities and institutes of higher education, including the School of Management and Engineering Vaud (HEIG-VD), the École Polytechnique Fédérale de Lausanne (EPFL), and the University of Lausanne (UNIL).

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