July 18th, 2014

Sweden ranked third in global innovation index

Switzerland, the United Kingdom and Sweden topped this year’s Global Innovation Index, which is published by Cornell University, INSEAD and the World Intellectual Property Organization.

The Global Innovation Index (GII 2014) is regarded as one of the leading benchmarking tools for business executives, policy makers and other stakeholders. 143 countries are indexed on their performance (support and investment) on innovation.

This year’s index has the theme of “The Human Factor in Innovation” and explores the role of human capital in the innovation process. The theme reflects the growing interest that firms and governments have shown in identifying and energizing creative individuals and teams.

Sweden does well on the expenditure on R&D, the number of researchers and in knowledge and technology outputs i.e. patent applications. Sweden has been ranked second in the index since 2010.

Innovation in Gävleborg
In Gävleborg, innovation is actively promoted by a variety of regional actors, which provide advice, create networks, build competence and offer financial support to promote regional innovation.

Several regional industry-specific innovation and R&D clusters have been established, such as Fiber Optic Valley, Future Position X (Geographical Information Systems), FindIT (Industrial IT) and Triple Steelix (Steel). In addition, there are several Gävleborg-based research institutes that promote innovation, such as the Centre for Logistics and Innovative Production (CLIP) based at the University of Gävle, and ACREO, which researches fiber optics in Hudiksvall. Movexum is Gävleborg’s business incubator, and Technology Parks in the region, such as those in Gävle, Sandviken and Söderhamn, also act as meeting places and incubators for innovation.

News source 1 (external website)
News source 2 (external website)