The UK has been ranked as the second most innovative country in the world. The Global Innovation Index has placed the UK above the USA, Singapore and Germany for the third year running, recognising the UK’s standing in the field of innovation.
The GII highlights the key role innovation plays as a driver of economic growth and prosperity. The UK has risen from tenth on the GII in 2011 to second in both 2014 and 2015. This is the most rapid increase among the top 10 GII-ranked innovation nations. It is the result of a well-balanced performance in terms of infrastructure, market sophistication, knowledge, technology and creative outputs.
The announcement came as the Intellectual Property Office published its annual report on innovation and growth. The report sets out how the government is developing the UK’s intellectual property regime to support innovative and growing businesses in the delivery of services including patents, copyright, trade marks and design, in enforcement in the digital marketplace and international policy making.
Comment