Innovation – Swiss remain no. 1, Europe strong

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Innovation hubs, such as EPFL in Lausanne, are part of the Swiss success story

GENEVA, SWITZERLAND – Europe is holding its own in the innovation stakes, with eight of the top 10 places in the Global Innovation Index 2013, published this week by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO). Switzerland remains in first place. The UK, Netherlands and the US jumped at least two places, while Singapore, Denmark and Ireland slipped.

The top 10 innovation countries

  1. Switzerland (Number 1 in 2012)
  2. Sweden (2)
  3. United Kingdom (5)
  4. Netherlands (6)
  5. United States of America (10)
  6. Finland (4)
  7. Hong Kong (China) (8)
  8. Singapore (3)
  9. Denmark (7)
  10. Ireland (9)

Wipo, in a statement, notes that “The GII 2013 looked at 142 economies around the world, using 84 indicators including the quality of top universities, availability of microfinance, venture capital deals – gauging both innovation capabilities and measurable results.”

The rankings have been published since 2007.

Swiss, Swedish strengths

Wipo explains the strengths of the two leaders: “Switzerland and Sweden’s performance reflects the fact that both countries are leaders in all components (pillars) of the GII, consistently ranking in the top 25. The United Kingdom has a well-balanced innovation performance (ranking 4th in both input and output), in spite of a relatively low level of growth in labor productivity. The United States continues to benefit from its strong education base (especially in terms of top-rank universities), and has seen strong increases in software spending and employment in knowledge-intensive services. The US was last in the GII top 5 in 2009, when it was number one.”