Global Innovation Index Rankings
Posted in UK Intellectual Property October 12, 2015
The United Kingdom has been ranked second in the Global Innovation Index (GII) for 2015, with Switzerland coming in top position. The GII is co-published by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD (l’Institut Européen d’Administration des Affaires) and assesses 141 national economies on the basis of contributory environmental factors required for innovation, as well as actual national innovative outputs. For example, the overall rankings take into account such diverse factors as political stability, secondary school pupil-to-teacher ratios and the ease of getting financial credit, as well as more obvious direct measurements of innovation such as the numbers of national and international patent and trade mark applications filed.
In addition to its overall global second place ranking, the UK has been ranked 7th in terms of knowledge creation. This strong position in knowledge creation is mainly due to securing 2nd position for the strength of its citable scientific and technical publications. In contrast, the UK ranks 13th for numbers of national patent applications filed. In terms of patent applications per se, the big five of Japan, Germany, South Korea, the United States (US) and China dominate the GII tables. These results correlate with statistics by the European Patent Office (EPO) which show that the top European patent application filing states are, in order, the US, Japan, China, Germany and South Korea. The UK accounts for only 2% of patent applications at the EPO, whereas Germany accounts for 11%. This result may reflect the dominance of service provision, rather than the manufacture of goods, in the current UK economy. Combined, these statistics indicate that while the UK is punching above its weight in terms of innovation and knowledge creation, there is still more work to be done in helping UK researchers and businesses convert their technical developments into enforceable intellectual property rights.
To view the Global Innovation Index report in full, click here.
To view the latest European Patent Office statistics, click here.