Japan having slipped from the top 15 in 2019, has now regained its spot on the top 15 league The Republic of Korea has seen an acceleration in innovation activity and associated investments upgraded their ranking from 10th in 2020 to 5th in 2021 Switzerland, Sweden, United States of America and United Kingdom have retained the top four positions respectively Key observations from this year’s report include: The global innovation landscape is seeing a slow change, and the GII rankings are dominated by North American and European countries. Such insights and trends are relevant for businesses, government, investors, and academics.
The newly launched innovation tracker in the 2021 publication focusses specifically on Science and Technology Investments, Technological Progress and Socioeconomic Impact. The report provides investment insights based on innovation trends using trend analysis. And a few of the key Orbis variables used in the analysis for the GII rankings include the R&D expenditure data, using the global standard format for firm level financial statements. The Orbis entity datasets contributed to the computation of some of the 80+ indicators used in ranking the economies based on the innovation measure.
This will enable firms to identify and benchmark innovation performance, as well as the associated economic impact of innovation. The 14th edition of the Global Innovation Index (GII) published by the World Intellectual Property Organisation (WIPO) tracks over 130 economies across the globe to identify the investments into R&D, and in turn the impact of innovation through detailed and robust metrics. By Santhosh Metri, Director of Product Strategy - Intellectual Property and M&A Solutions, Bureau van Dijk.
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