WIPO Releases 2018 Global Innovation Index

The World Intellectual Property Organization (WIPO), together with INSEAD and Cornell University published the 2018 Global Innovation Index (GII) 1. This is the 11th edition of the index which is to serve as a tool to assist decision makers with understanding innovative activity that propels economic and human development.

The study ranks 126 economies, and the results are based on 80 indicators which include Intellectual Property filing rates, mobile application creation, education spending and scientific and technical publications.

As in 2017, Switzerland is again top of the list as the most innovative economy and other countries to make the GII 2018 top ten include Netherlands, Sweden, United Kingdom, Singapore, United States of America, Finland, Denmark, Germany and Ireland. China entered the world's top twenty most innovative economies by moving from a 22nd position to number 17. Australia also joined the top 20 by moving from number 23 to number 20. The United States dropped two places from number four to number six.

An expanded look was taken at economies that are regarded to innovate efficiently, translating investments in education, research and R&D expenditure into high quality innovation results. The leaders are Switzerland, Luxembourg, China, Netherlands, Ukraine, the Republic of Moldova, Malta, Hungary Germany and Sweden.

A new indicator has been added, namely in mobile application creation and the leaders were Cyprus, Finland and Lithuania with the most mobile applications relative to GDP. Companies striving for digitalization, for example, new business models based more on data than on hardware, are invited to have a closer look at the recent IP landscape developments in these countries.

Another feature is the "ICP Green Inventory" which reflects a declining growth rate in environmentally friendly energy related patenting with green patent publishing rates peaking in 2012. "Energizing the World with Innovation" was...

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