Switzerland, the United Kingdom and Sweden topped this year's Global Innovation Index (GII): Sub-Saharan Africa posted significant regional improvement.
The Global Innovation Index 2014 (GII), in its 7th edition this year, is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization(WIPO, an agency of the United Nations, UN).
The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. Over the last seven years, the GII has established itself as a leading reference on innovation. Understanding in more detail the human aspects behind innovation is essential for the design of policies that help promote economic development and richer innovation-prone environments locally. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development.
With the support of the Australian Government, the GII 2014 was launched on July 18, 2014 in Sydney, Australia. The launch was associated with the meeting of international business leaders (known as B20) which is part of Australia’s preparations to host the annual Group of Twenty (G20) Leaders Summit on November 15-16, 2014, see https://www.g20.org/australia_2014. In addition, regional launches will take place throughout the year in Asia, the Middle-East, North and Latin America.
The theme of the 2014 GII, the ‘Human Factor in Innovation’, explores the role of the individuals and teams behind the innovation process. Statistically capturing this human contribution to innovation is a daunting challenge. Even more complex are the challenges faced by all those who try to properly nurture the human factor in innovation. The importance of both individual and collective efforts of creators and scientists in the innovation process has been well documented in the literature. The results of the GII provide additional evidence of this significance.
A rich collection of analytical chapters within the GII 2014 shed light on different aspects required of human capital in order to achieve innovation, including the presence of skilled labour, the necessity of skills for successful innovation, higher education, the intersection of human capital, financial capital, and technological capital, retention of talent, and the mobilization of the highly educated.
The Confederation of Indian Industry, du, and Huawei collaborate as Knowledge Partners in 2014.
Knowledge Partners believe in the role of innovation in increasing the competitiveness of nations, enabling economic growth, driving societal changes and building the foundation of a country’s future.
They are committed to producing a valuable and non-partisan resource. Knowledge Partners support the elaboration of the GII; contribute analytical chapters or case studies to the GII Report; and participate in the discussion and dissemination of the GII results.
The Global Innovation Index GII) relies on two sub-indices, the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars.
Five input pillars capture elements of the national economy that enable innovative activities: (1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication. Two output pillars capture actual evidence of innovation outputs: (6) Knowledge and technology outputs and (7) Creative outputs.
Each pillar is divided into sub-pillars and each sub-pillar is composed of individual indicators (81 in total). Sub-pillar scores are calculated as the weighted average of individual indicators; pillar scores are calculated as the weighted average of sub-pillar scores.
The framework is revised every year in a transparent exercise to improve the way innovation is measured.
When: Friday 18 July
Time: 12.15pm for 12.30pm lunch, panel discussion 1.00pm til 2.30pm
Where: The Cambridge III Room, Shangri-La Hotel, 176 Cumberland St, The Rocks, Sydney
Chair: Dr. Francis Gurry
World Intellectual Property Organization
Report presenter: Dr. Bruno Lanvin
Executive Director for Global Indices, INSEAD and Co-Editor of the Global Innovation Index
Panelist 1: Dr. Yuko Harayama
Executive Member, Council for Science and Technology Policy,
Prime Minister Cabinet Office of Japan
Panelist 2: Dr Alan Finkel
Chancellor of Monash University
President of the Australian Academy of Technological Sciences and Engineering (ATSE)
Panelist 4: Ms Futhi Mtoba
Former Chairman of Deloitte Southern Africa,
Chairperson of Council of the University of Pretoria