EPO releases 2023 Global Innovation Index GII report

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The Global Innovation Index GII report released by WIPO on September 27, 2023 was downloaded more than 120,000 times in the first week of release, and more than 1,700 articles around the world reported on the GII. The theme of the 2023 GII is - Innovation in the Face of Uncertainty . The report points out that the global innovation landscape is mixed, and emerging technologies continue to provide major opportunities for global innovation; on the other hand, geopolitical and economic turbulence and high inflation rate, but also plays an important role in hindering global innovation.

This year's GII report highlights that under the global situation where the global innovation financing environment is deteriorating, the number of scientific publications and international patent applications continues to grow, technological progress continues to promote new breakthroughs in computer efficiency, the cost of renewable energy continues to decrease, and the cost of DNA sequencing continues. Further reductions have created new opportunities for global development.

The top five technology clusters in the world are all located in Asia. The top one is still Tokyo-Yokohama, followed by Shenzhen-Hong Kong-Guangzhou, Seoul, Beijing, Shanghai-Suzhou. Among the top 100 global technology clusters, There are 37 in Southeast Asia, East Asia and Oceania, of which China occupies 24 seats, surpassing the ranking of 21 seats in the United States. Europe has 29 technology gathering places, and North America has 25. Taipei Hsinchu in Taiwan, China is among the top 100 technology gathering places, ranking 27th in the world.

2023 Global Innovation Index Ranking:

  • Switzerland, Sweden, the United States, the United Kingdom and Singapore are the world's most innovative economies in 2023, with Europe accounting for 16 of the top 25.
  • Latin America has the largest number of middle-income economies with unicorn companies, including Argentina, Chile, Colombia, Ecuador and Mexico.
  • China, Turkey, India, Vietnam, Philippines, Indonesia and Iran continue to rise in the ranking of middle-income economies.
  • India, the Republic of Moldova and Vietnam have posted higher-than-expected GDP for the 13th consecutive year.
  • There are 651 unicorn companies in the United States, followed by China and India. New startups that have become unicorns in the past 10 years, such as SpaceX, Bytedance and Open AI, have now become giants in their respective industries.
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