Ireland has jumped three places in the Global Innovation Index (GII) 2015 coming in at position 8 overall.
The GII 2015 looks at “Effective Innovation Policies for Development” and shows new ways that emerging-economy policymakers can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment.
“Innovation holds far-reaching promise for spurring economic growth in countries at all stages of development. However, realizing this promise is not automatic,” said WIPO Director General Francis Gurry. He added: “Each nation must find the right mix of policies to mobilize the innate innovative and creative potential in their economies.”
Commenting on the recently published 2015 Global Innovation Index* (GII) Simon Harris TD, Minister of State for International Financial Services said:
Ireland’s rise three places into the Top 10 is a welcome acknowledgement that our hard won recovery is recognised internationally, and speaks to this Government’s commitment to rebuild our reputation on the global stage. A continued focus on innovation-supporting policies is key to translating our recovery into a sustainable economy and prosperous society into the future.
The GII, co-published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), surveys 141 economies around the world, using 79 indicators to gauge both innovative capabilities and measurable results.
As a whole, the group of top 25 performers – all high income economies – remains largely unchanged from past editions, illustrating that the leaders’ performance is hard to challenge for those that follow.