Switzerland and Sweden are world’s most innovative countries

According to a study by the UN and the international business school INSEAD, Switzerland and Sweden are world’s most innovative countries.

In 2013, Switzerland and Sweden top the list of the most innovative countries in the Global Innovation Index 2013 (GII). The index is a chief benchmarking tool for business executives, policy makers and others seeking insight into the state of innovation around the world.

Both Switzerland and Sweden reach high results in all 84 investigated parameters. Some of the investigated parameters are number of prominent universities, access to micro financing and venture capital, political stability, infrastructure and investment in R&D.

-       Sweden has spectacular results without any major weaknesses, and is one of the world's most innovative countries. The country is one of best students in the class who sits in front and keep up with everything, said Bruno Lanvin, Managing Director of INSEAD at a press conference in Geneva on July 1.

-       The opportunities to start new businesses are also very good in Sweden, and the high-tech development is seen as very high.

The GII 2013 shows a striking pattern of stability among the most innovative nations. Whether we look at the top 10 or top 25 innovators in the world, GII rankings show that that while individual countries swap their respective rankings within these groups, not a single country moved in or out of such groups in 2013. 

One interpretation of this is that innovation success leads to the emergence of a virtuous circle: once a critical threshold has been reached, investment attracts investment, talent attracts talent, and innovation generates more innovation.

TEN 2013 RANKING

1.     Switzerland (Number 1 in 2012)

2.     Sweden (2)

3.     United Kingdom (5)

4.     Netherlands (6)

5.     United States of America (10)

6.     Finland (4)

7.     Hong Kong (China) (8)

8.     Singapore (3)

9.     Denmark (7)

10.  Ireland (9)

Source: http://www.svd.se/naringsliv/nyheter/varlden/sverige-i-topp-pa-innovationsranking_8310540.svd