The International Innovation League Table
Friday, February 22nd, 2008For the past 7 years the European Commission has compiled an assessment of the
innovation competitiveness of all the EU states and some other countries as comparisons. The 2007 report has recently been published and you can read the full report. The key factors that are used to compare the performance of countries are as follows:
Innovation drivers measure the structural conditions required for innovation potential, Knowledge creation measures the investments in R&D activities, Innovation & entrepreneurship measures the efforts towards innovation at the firm level, Applications measures the performance expressed in terms of labour and business activities and their value added in innovative sectors, and Intellectual property measures the achieved results in terms of successful know-how.
There are some 38 countries listed. Here are the top 20:
- Sweden
- Switzerland
- Finland
- Israel
- Denmark
- Japan
- Germany
- UK
- USA
- Iceland
- Ireland
- Austria
- Netherlands
- France
- Belgium
- (EU Average)
- Canada
- Estonia
- Australia
- Norway
The report states that the innovation gap between the EU and its two main competitors, the US and Japan, has been falling but remains significant. The US keeps its lead in 11 out of 15 indicators and Japan keeps its lead in 12 out of 14 such indicators. A comparison over time shows that the EU is experiencing an increasing lead over the US in Science and Engineering graduates, employment in medium-high and high-tech manufacturing and Community trademarks, and a stable lead in Community designs. The EU is experiencing a declining gap with the US in broadband penetration, early-stage venture capital, ICT expenditures and triad patents. But the gap with the US is increasing in public R&D expenditures and high-tech exports.
The report is rather dry and it involves some estimates that can be challenged. It would be better if China, India, Brazil and some other countries were included but their data is not available. However, it is the best comparison we have and contains some very revealing data.
Paul Sloane
employees. Despite some scorn in the press it was a big success and reduced absenteeism by 26%. Robin shared some other examples including their driver risk assessment scheme and some highly innovative direct mail initiatives. Among the issues he discussed were inertia, risk aversion and insularity.