The top ten of innovation
The Global Innovation Index (GII) is compiled by the World Intellectual Property Organisation (WIPO), Cornell University and the INSEAD business school. In the 2014 report, the Netherlands ranks 5th. The top ten of the index is relatively static in regards to previous years – the countries represented in it mostly remain the same, although their positions have shifted. It’s not an uncommon occurrence, which the researchers explain with the fact that the most innovative countries share roughly the same traits.
Dynamic innovation hub
A defining trait possessed by all of the top countries is their “ecosystem” approach to innovation, meaning they have developed their innovation policies across all pillars, including business climate, business sophistication and the creativity and enablement of the younger generation. Furthermore, the Netherlands ranks particularly high in patent filing and scores first place in e-participation, reflecting the widespread adoption of the internet in the country.
Global Innovation Index
The GII 2014 used 81 indicators to examine 143 national economies around the world. This year, the GII paid special attention to the human factor in innovation, looking at education, availability of talent and labour mobility. By using indicators such as the quality of leading universities and availability of microfinance and venture capital deals, the GII both gauges innovation capabilities and lists measurable results. Published annually since 2007, the GII has become a major benchmarking tool for business executives, policymakers and other parties seeking insight into the state of innovation around the world.