Global Innovation Index 2012

by | Jul 17, 2012

Business think tank INSEAD, in conjunction with the World Intellectual Property Organization, has released its findings for this year: Global Innovation Index 2012: Stronger Innovation Linkages for Global Growth.

The thorough report includes the Global Innovation Index rankings of 141 different countries. The countries are given a score out of 100 based on their merits in the innovation, research and development spheres.

At the top of the list is Switzerland, with a score of 68.2. Sweden is next, with a score of 64.8. Rounding out the top five countries are Singapore (63.5), Finland (61.8) and the United Kingdom (61.2).

The United States comes in at number 10 (in a tie with Luxembourg) on 57.7. Australia did not even make it in the top 20, with a ranking of 22 on a score of 51.9.

The authors of the report worked alongside an advisory board which was set up in 2011. The board is made up of leading practitioners and experts in innovation from all over the world. The board is also comprised of representatives from international organizations, the public sector, non-government organizations and the academic world.

Several components come together to form the Global Innovation Index, which the authors acknowledge is not an exact science or a definitive list. It considers innovation input from institutions (political, regulatory and business), human capital and research (educational facilities and research & development), infrastructure (information communications technology and ecological sustainability), market sophistication (trade, investment and competition) and business sophistication (knowledge workers and absorption).

Innovation output is measured in terms of knowledge and technology (creation and impact) and creativity (goods and services, intangibles and in the online world).

We encourage you to take a look at the report if you can. We will be taking a closer look at it in the next few days.

Global Innovation Index 2012: Top 10 countries

  1. Switzerland (68.2)
  2. Sweden (64.8)
  3. Singapore (63.5)
  4. Finland (61.8)
  5. United Kingdom (61.2)
  6. Netherlands (60.5)
  7. Denmark (59.9)
  8. Hong Kong (China)(58.7)
  9. Ireland (58.7)
  10. United States (57.7)
    Luxembourg (57.7)
Jeffrey Tobias

About Jeffrey Tobias

Dr Tobias is an accomplished innovation consultant and entrepreneurship strategist, drawing expertise from the academic, entrepreneurial and corporate worlds. Jeffrey’s commercial and business experience is particularly focussed on lean startup, design thinking and leadership. Prior to The Strategy Group, Jeffrey was Cisco’s Global Lead for Innovation in the Internet Business Solutions Group helping Fortune Global 500 companies improve customer experience and grow revenue by transforming how they do business.
Jeffrey is a professor of innovation and entrepreneurship teaching MBA students at the Australian Graduate School of Business at the University of New South Wales. An active angel investor, Jeffrey is on the board of various well-known startups.

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Managing Director, The Strategy Group

Dr Tobias is an accomplished innovation consultant and entrepreneurship strategist, drawing expertise from the academic, entrepreneurial and corporate worlds. Jeffrey’s commercial and business experience is particularly focussed on lean startup, design thinking and leadership. Prior to The Strategy Group, Jeffrey was Cisco’s Global Lead for Innovation in the Internet Business Solutions Group helping Fortune Global 500 companies improve customer experience and grow revenue by transforming how they do business.
Jeffrey is a professor of innovation and entrepreneurship teaching MBA students at the Australian Graduate School of Business at the University of New South Wales. An active angel investor, Jeffrey is on the board of various well known startups. Jeffrey’s corporate background includes leading global innovation strategy at Cisco, working with large corporates such as Adobe, Westpac, Telstra, Woolworths, and Perpetual.

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