Dynamic innovation hub
The top 10 countries in the index are the same as last year but their positions have shifted. Singapore dropped out of the top 3 while the USA and the Netherlands both climbed the rankings. In a press release, WIPO Director General Francis Gurry comments: “Dynamic innovation hubs are multiplying around the world despite the difficult state of the global economy. These hubs leverage local advantages with a global outlook on markets and talent.”
Increase in international filings for patents
The Netherlands’ significant climb on the Global Innovation Index can be explained in part by the sharp increase in international filings for patents in the Netherlands. WIPO report that international patent applications filed under the Patent Cooperation Treaty (PCT) increased by 6.6% compared to 2011 figures. The Netherlands reported the fastest growth in filings, reflecting the innovative resilience of the country.
The Netherlands also climbed to 5th place on the Innovation Union Scoreboard (IUS) 2013 and as such, is now only one spot away from becoming an ‘innovation leader’ within the EU.
Global Innovation Index
The GII 2013 used 84 indicators to examine 142 national economies around the world. By using indicators including the quality of leading universities, availability of microfinance and venture capital deals, the GII gauges both innovation capabilities and 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.