The beating heart of technology
US giant Medtronic chose to set up business in the canton of Vaud in 1996. It now employs some 750 people there and works hand in hand with various health and higher education institutions in the region.
This US medical technology giant set up its regional head-quarters and a production unit in the village of Tolochenaz, near to Lausanne, in 1996. Since then, its activities have gone from strength to strength in the canton of Vaud. Some 750 people currently work there, while the firm has 85,000 employees worldwide with a turnover of almost 30 billion US dollars in 2016–17.
In its 20 years in the canton, the company has set up collaborations with the local economic and scientific community, including technical development projects with the Ecole Polytechnique Fédérale de Lausanne (EPFL) and the Yverdon Engineering School, research collaborations with the University Hospital Centre in Vaud (CHUV), the sponsoring of a chair at the EPFL, the recruiting of engineers, and of course its relationship with various suppliers of goods and services.