The World Intellectual Property Organization – WIPO (INSME Member) has recently released the 13th edition of the Global Innovation Index (GII). The report ranks the innovation performance of 129 economies around the world based on 80 different indicators including money spent on R&D, number of international patent and trademark applications and others.
The report identifies top three innovators by income group:
- Switzerland, Sweden and the United States of America are the best performers of the high-income group
- The upper middle-income group top innovators are China, Malaysia and Bulgaria
- Vietnam, Ukraine and India registered the best performances in the lower middle-income group
- The low-income group’s best innovators are Tanzania, Rwanda and Nepal.
The GII also confirms that the geography of innovation is continuing to shift towards Asia. China, Vietnam, India and the Philippines are registering significant progress over the years and are now in the top 50.
With regard to the innovation clusters, the U.S. continues to host the largest number of clusters (25), followed by China, Germany and Japan; while the top performing clusters are 1) Tokyo-Yokohama, 2) Shenzen-Hong Kong- Guagzhou, 3) San Jose-San Francisco (the Silicon Valley).
The report is downloadable at this page.