For the tenth consecutive year, Switzerland has been crowned champion in terms of innovation according to the ranking established by the World Intellectual Property Organization (WIPO).
Switzerland is, for the tenth consecutive year at the top of the ranking establish by the World Intellectual Property Organization (WIPO).
Published annually by WIPO, the Global Innovation Index (GII) assesses the innovation performance and capabilities of 131 countries. This ranking is based on nearly 80 multidisciplinary indicators designed to assess innovation in all its aspects.
Once again this year, Switzerland is ranked first on all counts, maintaining good results across all GII indicators.
We should highlight that Switzerland is the home of 122 of the world’s top 5,000 brands and is in the top 3 in many areas. This is the case for high quality manufacturing, intellectual property recipes, or patent applications filed by origin.
And the pandemic ?
The impact of the pandemic on Research and Development cannot yet be quantified. The GII encourages companies to continue their R&D and states that “the largest and most R&D-intensive companies would be unwise to abandon R&D, intellectual property and innovation in their quest for future competitiveness”.
The report also notes the lack of contingency plans developed by states to support start-ups and more generally innovation, with the exception of companies in the medical field.
What’s next ?
Despite the crisis, innovation is a pillar of recovery for the economy. The process of innovation is a necessary but not always easy process to start. Think2make supports you in this process, whether you are developing a new product or service or rethinking your internal organization (see our services).