Switzerland’s most important exports are machines, chemicals and pharmaceuticals, and jewelry. Leading companies in mechanical engineering, pharmaceuticals, bio- and medical technology, and computer sciences are headquartered in Switzerland. Over 500 medical technology companies employ a workforce of 40,000 people. They invest about USD 500 million annually in R&D, and export goods worth of nearly USD 5 billion per year. Switzerland is a first-class location for life science companies and is home to one of the world’s leading biotechnology clusters. World-renowned life science companies combined with first-rate universities and institutes of technology offer a dynamic biotech industry. Switzerland has also become an excellent location for medical, micro- and nanotechnologies.