GII: Global Launch
London, United Kingdom
September 17, 2015
The launch of the Global Innovation Index (GII) 2015 took place on September 17th in London, United Kingdom. For the fifth consecutive year, Switzerland led the global rankings, followed closely by the United Kingdom, Sweden, Netherlands, and the United States of America.
GII 2015 Top 10 Rankings:
Emerging Innovators: Closing the Gap
A major theme emerged in the 8th edition of the GII: innovation-driven growth is no longer the prerogative of high-income countries alone. This year’s research on global innovation showed new ways that emerging-economy policies can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment.
Differences are eroding between the middle-income countries and the lower tier of high-income countries. China (29th in the GII 2015) and Malaysia (32nd), for example, displayed performance similar to that of the top 25 ranked economies in areas such as general infrastructure, and knowledge diffusion. Elsewhere among middle-income economies, Viet Nam (52nd) and the Philippines (83rd) saw gains with particular strengths in knowledge & technology outputs, as well as creative outputs.
Innovation Quality Matters
Measuring an economy’s level of innovation is not only about volume: quality counts, too. As measured by university performance, the reach of scholarly articles, and the international dimension of patent applications, innovation quality within an economy advances insights into the impact of education.
The United States of America holds the top spot globally in terms of innovation quality in the GII 2015, followed by the United Kingdom, Japan, and Germany. Among top scoring middle-income economies, China leads the group, followed by Brazil and India, fueled by an improvement in the quality of higher-education institutions.
Innovation holds far-reaching promise for spurring economic growth in countries at all stages of development. However, realizing this promise is not automatic,” said WIPO Director General Francis Gurry. He added: “Each nation must find the right mix of policies to mobilize the innate innovative and creative potential in their economies.”
The GII 2015 panel discussion revolved around: Effective Innovation Policies for Development. Collaborating with the Confederation of Indian Industry, du, A.T. Kearney and the IMP³rove – European Innovation Management Academy as Knowledge Partners in 2015, the GII found that a well-coordinated innovation plan with clear targets and a matching institutional establishment have proven to be a tool for success.
Highlights from the GII 2015 launch may be found below:
Ø GII 2015 Press Conference
Ø GII 2015 Panel Discussion
The Global Innovation Index is in its 8th edition this year, and co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO).
For more information, visit the Global Innovation Index website or follow the GII on Twitter.