global innovation competitive index (innovation capacity of 22 major economies)

34
Global Innovation Competitive Index Innovation Capacity of 22 major economies This report aims at studying innovation capacity of major economies. A country needs resources, infrastructure support, and efficiency to innovate. Using a list of 16 indicators in three categories, we define a country’s capacity and competence to innovate. This index does not reflect absolute capacity but a capacity normalized to its economy (GDP, GNI) and population.

Upload: innovaccer

Post on 10-Mar-2016

216 views

Category:

Documents


0 download

DESCRIPTION

Global Innovation Competitive Index (GICI) is a holistic index comprised of 16 indicators categorized into 9 sub-categories and 3 major categories namely resources for innovation, infrastructure for innovation, and efficiency of innovation. GICI presently analyzes innovation competency and competitiveness of 22 major economies

TRANSCRIPT

1 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

KANAV Grizli777

[Pick the date]

Global Innovation Competitive Index Innovation Capacity of 22 major economies This report aims at studying innovation capacity of major economies. A country needs resources, infrastructure support, and efficiency to innovate. Using a list of 16 indicators in three categories, we define a country’s capacity and competence to innovate. This index does not reflect absolute capacity but a capacity normalized to its economy (GDP, GNI) and population.

2 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

EXECUTIVE SUMMARY

Innovation is an overly talked about term in today’s globalized and inter-

connected world. Credit goes to the nations which aligned innovation

strategies to benefit their economic growth and competitive advantage.

We at INNOVACCER closely work with innovation stakeholders

including professors conducting research on innovation, governmental

organizations associated with innovation, technology corporate and

start-ups. Working towards our vision of assisting in India’s and global

innovation ecosystem, we provide the world with a series of reports and

data on innovation. This report happens to be one of them.

Here, we try to analyze Innovation Competitiveness of a country by

providing a holistic index of 16 indicators categorized into resources for

innovation, infrastructure for innovation, and efficiency of innovation.

Global Innovation Index developed by INSEAD and BCG were attempts

to understand innovation as a whole. With this Global Innovation

Competitive Index developed by INNOVACCER, we try to understand

resources, support system, and efficiency of innovation for a country.

Being more specific to technology innovations, this index will support

policymakers and strategists to devise strategies in aligning their

technology innovation, intellectual property laws, research expenditure

and research institutions for benefit of the economy.

We promise to contribute further in this research, improve with every

attempt, and come closer to understanding innovation and economic

dynamics. We also hope that researchers benefit from this research

and take a lead forward to develop more sophisticated tools to

understand innovation.

Kanav Hasija

Chief Research & Strategy Officer

INNOVACCER

© INNOVACCER 2011-12. All

Rights Reserved.

For queries, please

visit our FAQ page

http://www.innovacc

er.com/reports/faqs/

For media, data requests,

recommendations, suggestions,

or feedbacks, please e-mail at:

[email protected]

+91 (11) 40537968

DISCLAIMER

Public Data: Use of publically

available data or data collected

from external sources without

the permission of

INNOVACCER is not prohibited.

Copyright Work:

Graphs, Charts, Tables,

Representations, and matrices

introduced in this report are

rights of INNOVACCER. Using

any of above mentioned items

without consent of

INNOVACCER is prohibited.

Academic Domain:

Academicians for the purpose

of academic awareness or

research can use data available

in this report provided they

properly cite this report and give

credit to INNOVACCER.

3 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

TABLE OF CONTENT

Executive Summary …………… 2

Introduction …………… 4

Innovation Ecosystem …………… 5

Global Innovation Competitive Index (GICI) …………… 6

Data and Methodology …………… 7

GICI at a Glance (2003-2008) …………… 8

GICI 2008 Top 5 Countries indicator-wise …………… 9

Use of GICI …………… 10

Country Profiles - GICI …………… 11

Austria, Belgium, Brazil, Canada …………… 12 - 15

China, Denmark, Finland, France …………… 16 - 19

Germany, Hungary, India, Ireland …………… 20 - 23

Japan, Korea, Norway, Poland …………… 24 - 27

Russia, Singapore, Spain, Sweden …………… 28 - 31

United Kingdom, United States …………… 32 - 33

About INNOVACCER …………… 34

INNOVACCER Research …………… 34

4 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

:

INNOVATION has been the buzz word

globally since the past decade after empirical

evidence of innovation’s contribution to economic

growth for some countries. Also, 80% of total assets

of S&P 500 companies are intangible in nature.

There are many definitions of innovation in the

marketplace. We define innovation on similar lines to

Vijay Govindrajan and Chris Temple, two great

scholars & leaders in the field of innovation

management. According to them, Creativity is about

coming up with a big idea, but Innovation is about

executing the idea. That’s what differentiates

Inventions (new idea) and Innovation (Use of new

idea).

Use of new idea or method

to improve or create new or

more effective products,

processes, services,

technologies, or ideas.

CAN WE MEASURE INNOVATION? This would be one of the most controversial questions of this era and the answer

is yes and no. Firstly, Innovation is a random process and you don’t know when

the next innovation is going to happen. Thus, we for sure cannot predict the time

for next big innovation. Now, can we measure innovation outputs and growth? The

answer is yes, but with some limitations. We cannot measure all innovations as

some of them take place at a very micro level which is either undetectable or

information regarding those inventions do not enter the public domain. Whereas,

technological innovations that are likely to be patented are under the radar of

published patent applications or annual patent filing trends.

Best way to measure a country’s innovation is not measure innovation itself, but

its drivers, support system, and efficiency or output generated from it

5 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

1

1 Porter, Michael E. & Stern, Scott (1999), The New Challenge to America’s Prosperity: Findings from the Innovation

Index, Council on Competitiveness, Washington, D.C., Mar 1999.

WHAT DRIVES INNOVATION?

Measuring innovation output is one way of measuring

innovation success for a nation. Though, policy

makers and corporate are more interested in what

drives innovation and how to improve their support

systems for such a drive? The answer lies in the

competitiveness report on Innovation by Porter and

Stern in 1999.1 They found a direct correlation of these

factors with success of nation’s innovation system:

Size of R&D labor force

Amount of R&D investments

Resources devoted to higher education

National Policy on Innovation

Sustainable Innovation Ecosystem is required for a

nation to prosper with its innovative activities. The

most simplistic structure of an innovation ecosystem

which can be sustainable over a period of time is

depicted to the left. Commercial Economy pulls out a

share of its revenues or profits to spend in Research &

Development which in turn generates innovation that

is economically beneficial, and a sustainable

innovation ecosystem is one in which economic

benefits of innovation surpasses the expenditure on

research and development.

6 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

GLOBAL INNOVATION COMPETITIVE INDEX

(GICI)

A country is competitive to innovate if it has a rich resource of researchers and R&D

expenditure at the very first instance. Then, it needs education system to generate a

continuous quantity and quality of researchers. Support system from the government

like energy, information & communication technology, and economic freedom plays an

important role in research support and infrastructure ecosystem. Finally, efficiency and

outputs of innovation also depicts competitiveness of a country to innovate. Keeping all

these indicators and measures in mind, we have designed a Global Innovation

Competitive Index (GICI) as illustrated below. GICI has 3 major categories and 9 sub-

categories totaling to 16 innovation indicators.

7 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

DATA AND METHODOLOGY

Most of the indicators were taken from World Bank Indicators database.2 Data relating

to number of resident patent application was extracted from WIPO Patent Statistics.3

While economic freedom was extracted from Heritage Foundation Index of Economic

Freedom.4

All indicators were normalized between 50 and 100. Weighted average of these

indicators in their major category gave us final index of that major category. Each of the

three major categories: Resources, Infrastructure, and Efficiency carried equal weights

in our analysis and thus their average gives us final GICI Index. Weights of each

indicator are mentioned below.

INDICATOR WEIGHT

Resources 1

Enrollment % (Secondary School) 1

Researchers per million people 2

R&D% of GDP 2

Adjusted Savings: Education Expenditure (% of GNI) 1

Infrastructure 1

Energy Use (kg. oil equivalent/population) 1

Telephone Lines (per 100 people) 0.33

Internet Users (per 100 people) 0.33

Mobile Users (per 100 people) 0.33

Innovation Economic Freedom 1

Efficiency 1

Patent(Resident) per Researcher 3

S&T Journal Articles per Researchers 1

S&T Journal Articles per R&D (in million US$ PPP) 1

Patent(Resident) per R&D (in million$ PPP) 3

High Tech Exports (% of Total Exports) 2

GDP Growth Percentage 2

2 http://data.worldbank.org/indicator

3 http://www.wipo.int/ipstats/en/statistics/patents/

4http://www.heritage.org/Index/Explore?view=by-region-country-year. For economic freedom, we choose Fiscal,

Business, Investment, and Financial Freedom as relevant indicators developed by Heritage Foundation for innovation. Economic

Freedom used in this index is average of these above mentioned four indicators.

8 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

GICI AT A GLANCE

(2003 – 2008)

Country 2003 2004

2005

2006

2007

2008

Austria 71.43 71.74 72.03 72.91 73.14 73.24

Belgium 71.12 71.85 71.78 72.48 73.15 72.89

Brazil 59.96 61.19 60.99 60.91 60.80 61.05

Canada 74.56 74.98 74.96 75.28 75.67 76.09

China 58.01 58.70 59.61 60.10 60.80 60.68

Denmark 76.56 76.78 76.79 76.52 76.35 76.54

Finland 80.19 79.88 79.27 80.17 80.11 79.46

France 68.68 69.64 69.64 69.87 70.29 71.00

Germany 71.49 72.06 72.22 73.53 73.40 73.07

Hungary 67.85 67.97 68.18 68.00 67.09 68.01

India 56.31 56.21 55.98 55.98 55.95 55.54

Ireland 71.74 72.41 72.93 73.50 73.47 72.40

Japan 74.69 74.34 74.57 76.13 75.69 74.63

Korea 73.46 75.01 75.46 76.66 77.04 77.07

Norway 73.36 73.84 73.61 73.07 72.83 73.48

Poland 65.17 65.27 64.52 65.50 65.01 64.24

Russia 69.00 68.75 68.24 68.64 68.35 68.00

Singapore 71.42 73.40 73.06 73.92 73.33 73.01

Spain 67.20 67.46 68.04 68.32 68.75 68.46

Sweden 80.05 79.11 79.06 79.12 77.63 77.54

United Kingdom 74.16 74.06 74.76 75.10 74.40 74.06

United States 77.16 77.43 77.52 77.77 77.67 77.41

1 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

GICI 2008 TOP 5 INDICATOR – WISE

50 60 70 80 90 100

Ireland

Sweden

Belgium

Norway

Denmark

Education

50 60 70 80 90 100

Norway

Japan

Denmark

Singapore

Finland

Researchers

50.0 60.0 70.0 80.0 90.0 100.0

United States

Korea, Rep.

Finland

Japan

Sweden

R&D Expenditure

50 60 70 80 90 100

Austria

Norway

Finland

United States

Canada

Energy Use

50 60 70 80 90 100

Norway

United Kingdom

Denmark

Sweden

Germany

ICT

50 60 70 80 90 100

Russia

United States

Canada

United Kingdom

Ireland

Economic Freedom

50 60 70 80 90 100

United Kingdom

Hungary

Poland

Japan

Korea, Rep.

Patent Efficiency

50 60 70 80 90 100

United Kingdom

Ireland

Korea, Rep.

Sweden

Canada

S&T Journal Efficiency

50 60 70 80 90 100

United States

Brazil

Korea, Rep.

Singapore

China

Innovation Economic Efficiency

10 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

USE OF GICI

Global Innovation Competitive Index at a broader level can be used to track a country’s

innovation capacity and competency. Also, it gives a deeper understanding on

performance of innovation drivers and support system.

Government

Keep track of all nine sub-categories over the years and make policies to

improve condition of any indicator which is performing poorly for more than two

consecutive years

Find Correlation between each indicator in their own jurisdiction. Growth or fall

of an indicator might be affecting other indicator’s growth or fall over the years in

a particular country and these correlations will not be uniform for all economies,

thus have to be performed country-wise.

National Innovation Strategy roadmap for a country takes into account current

short-term and long-term goals and benefits for a country. It must also take into

account strategies to improve conditions of these indicators over time for creation

of an inclusive and sustainable innovation ecosystem.

Corporate

Location of Global Research Centers is a strategic decision for corporate

based on many factors including tax, economic freedom, political & legal

environment. Research Centre’s location must also be based on some of the

GICI indicators like Energy Use (for energy use intensive research), researchers,

patent efficiency and economic freedom.

Become a part of Country’s Innovation Ecosystem. Become proactive in

contributing or taking part in efforts to improve poorly performing indicators in

GICI.

11 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

COUNTRY PROFILES

22 Countries. 6 Years.

12 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

AUSTRIA

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 73.24 2008 Rank 10

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy …

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy …

13 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

BELGIUM

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 72.89 2008 Rank 13

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

14 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

BRAZIL

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 61.05 2008 Rank 20

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

15 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

CANADA

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 76.09 2008 Rank 6

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

16 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

CHINA

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 60.68 2008 Rank 21

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

17 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

DENMARK

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 76.54 2008 Rank 5

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

18 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

FINLAND

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 79.46 2008 Rank 1

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

19 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

FRANCE

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 71.00 2008 Rank 15

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

20 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

GERMANY

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 73.07 2008 Rank 11

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

21 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

HUNGARY

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 68.01 2008 Rank 17

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

22 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

INDIA

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 55.54 2008 Rank 22

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

23 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

IRELAND

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 72.40 2008 Rank 14

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

24 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

JAPAN

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 74.63 2008 Rank 7

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

25 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

KOREA

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 77.07 2008 Rank 4

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

26 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

NORWAY

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 73.48 2008 Rank 9

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

27 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

POLAND

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 64.24 2008 Rank 19

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

28 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

RUSSIA

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 68.00 2008 Rank 18

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

29 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

SINGAPORE

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 73.01 2008 Rank 12

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

30 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

SPAIN

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 68.46 2008 Rank 16

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

31 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

SWEDEN

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 77.54 2008 Rank 2

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

32 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

UNITED KINGDOM

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 74.06 2008 Rank 8

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

33 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

UNITED STATES

2003 2008

50

60

70

80

90

100

2003 2004 2005 2006 2007 2008

Resources

Infrastructure

Efficiency

GICI

GICI 2008 77.41 2008 Rank 3

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

50

60

70

80

90

100Education

Researchers

R&D Expenditure

Energy Use

ICTEconomic Freedom

Patent Efficiency

Journal Efficiency

Innovation Economy Efficiency

34 INNOVACCER GLOBAL INNOVATION COMPETITIVE INDEX www.innovaccer.com

ABOUT INNOVACCER

INNOVACCER (Innovation Accelerated) is an innovation

management and acceleration company focused and dedicated

to provide high quality innovation management services to

accelerate every step of an innovation life-cycle. InnovAccer was

founded with a vision of three people in the fields of Intellectual

Property, Business Innovation, and Social Innovation to change

and accelerate the creation of innovation ecosystem in India.

INNOVACCER RESEARCH

InnovAccer Research is an India based unit of INNOVACCER

focused at conducting and assisting world class Research. Our

teams of top technology, business, and law graduates are

committed towards creating knowledge, establishing novel facts,

solving new problems and proving new theories.

For queries regarding this report, please visit our FAQ page

http://www.innovaccer.com/reports/faqs/

For media, data requests, recommendations, suggestions, or

feedbacks, please e-mail at: [email protected]

+91 (11) 405 37968

© INNOVACCER 2011-12. All

Rights Reserved.

DISCLAIMER

Public Data: Use of publically

available data or data collected

from external sources without

the permission of

INNOVACCER is not prohibited.

Copyright Work:

Graphs, Charts, Tables,

Representations, and matrices

introduced in this report are

rights of INNOVACCER. Using

any of above mentioned items

without consent of

INNOVACCER is prohibited.

Academic Domain:

Academicians for the purpose

of academic awareness or

research can use this data

provided they cite this report in

proper fashion giving credit to

the authors and INNOVACCER.