This lecture discusses the importance of innovation and partnerships in various sectors, such as research institutes, companies, and finance. It explores the potential for Switzerland to reinvent its financial position in the global market, focusing on future carbon tax implications. The speaker emphasizes the need for public-private partnerships and the balance between respecting principles and being pragmatic. The conversation also touches on the role of engineers in society, the challenges of attracting talent to engineering fields, and the significance of fostering a culture that embraces risk-taking and learns from failure.