Switzerland is the World’s Most Innovative Country
For the third time in a row, Switzerland leads the world’s ranking on innovation. With a clear lead, Switzerland maintains the top position, according to the ranking based on the Global Innovation Index (GII), which measures the capacity for innovation of the 142 most important global economies. The GII index is published by Cornell University, together with INSEAD, the World Property Management and in collaboration with Booz & Company.
The podium is shared by Sweden (second) and UK, who showcases a good performance, rising from the fifth to the third place. The top-10-positions are dominated by Northern Europe, with 7 entries out of ten, with the US (5), Hong Kong (7) and Singapore (8) completing the list.
The GII index is measured using 84 criteria, assessing different facets of innovation performance. Switzerland has a clear lead on most of the points analyzed, showing to be especially strong in innovation output (measured as the number of high-tech companies, start-ups and patent applications). High level of investment in R&D by Swiss companies, and the close ties between industry and universities are crucial factors for Switzerland’s success.