WIPO releases 2022 Global Innovation Index
WIPO released the 2022 Global Innovation Index (GII) on September 29, 2022. Switzerland, the United States, Sweden, the United Kingdom and the Netherlands ranked among the top 5 most innovative economies in the world, with China ranking first. 11. India and Turkey both entered the top 40 for the first time, and other emerging economies also performed well.
The 2022 GII shows that the top companies with the highest global R&D expenditures increased their R&D expenditures by nearly 10% in 2021, which is higher than before the COVID-19 outbreak. There are four main industries with R&D expenditure growth: information hardware and electromechanical equipment, software and communication services, pharmaceuticals and biotechnology, construction and industrial metals. Venture capital (VC) transactions will explode by 46% in 2021, with Latin America, the Caribbean and Africa showing the strongest growth in venture capital. In 2022, venture capital investment will slow down due to the impact of monetary tightening and risk capital.
In 2022, GII focuses on innovation-driven growth. The new focus of the innovation wave is:
1. Digital Age: Based on supercomputing, artificial intelligence and automation, it has a wide-ranging impact on productivity in almost all scientific research departments and fields.
2. Deep Science: Based on breakthroughs in biotechnology, nanotechnology, new materials and other sciences, it triggers breakthrough innovative changes in important fields such as health, food, environment and mobility.
The top 20 countries in the innovation index are:
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