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Switzerland Tops Global Innovation Index

Mark Marich on July 11, 2011 Source: Policy Dialogue on Entrepreneurship

According to the latest Global Innovation Index, Switzerland tops a list of 125 economies around the world as the most innovative—up three spots from last year’s rankings. The study is conducted by INSEAD, one of the world’s most well-known business schools, and evaluates economies based on their scientific and creative innovation outputs, as well as innovation inputs in five categories: institutions; human capital and research; infrastructure; market sophistication; and, business sophistication.

The US finished in 7th overall—11th in innovation inputs and 5th in outputs. The 2011 ranking is up four spots from last year’s index, but down from its #1 ranking in the first GII survey (2008-2009). Other countries in the top 10 include: Sweden (2); Singapore (3); Hong Kong (4); Finland (5); Denmark (6); Canada (8); the Netherlands (9); and, the United Kingdom (10).

Interestingly, the GII also tracks the same economies based on their “Innovation Efficiency Index”. The top 10 who do the most with the least are (in order): Côte d’Ivoire; Nigeria; China; Pakistan; Moldova; Sweden; Brazil; Argentina; India; and, Bangladesh.

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