New Zealand’s Ranking On The Global Innovation Index

webmaster Posted on March 10, 2014

The Global Innovation Index (GII) is jointly published by the World Intellectual Property Organization (WIPO), Cornell University, and the graduate business school INSEAD. The 2013 report is a weighty tome at 417 pages so here’s a short summary of some of the salient points, courtesy of ClearPoint (owned by Phil Pietersen, an EO Auckland member), focusing on technology outputs. Summary of Global Innovation Index (GII report) 2013 We’re the 17th most innovation nation in the world but we still need science graduates. New Zealand has been ranked as the 17th most innovative nation in the world in this year’s Global Innovation Index of 142 economies. We were ranked as third in the SEAO (South East Asia Oceania) region, behind only Hong Kong and Singapore and ahead of Korea, Australia (at number 19), Japan and China. Switzerland ranked as number one while Sweden and the United Kingdom ranked as numbers two and three. New Zealand’s highest ranking was achieved in the area of political, regulatory and business environments where we were given 95%. Market sophistication was given 70.7%. So, we’ve got a great infrastructure to support innovation along with healthy conditions for lending, investment, trade and competition. However, the report also identified weaknesses in other areas, including low levels of research and development financed by local businesses and foreign sources, and a low score in high-tech manufacturing.