The economic fabric of Vaud is made up largely of SMEs but also numerous startups, scaleups and multinationals. These companies often choose to create or settle their business here due to the excellent industry, government and academic relations.
The canton of Vaud is home to excellent tertiary education institutions such as the Swiss Federal Institute of technology, Lausanne (EPFL), the University of Lausanne (UNIL), the School of Business and Engineering Vaud (HEIG-VD), the International Institute for Management Development (IMD) and the EHL Hospitality Business School. In addition, the Lausanne University Hospital, CHUV, has been ranked in the top 10 best hospitals in the world numerous times.