The Global Innovation Index is a global study and accompanying ranking of countries in the world in terms of innovation development level. Calculated according to the methodology of the International Business School INSEAD, France. The study has been conducted since 2007 as part of a joint project of the INSEAD International Business School, Cornell University and the World Intellectual Property Organization (WIPO) and currently represents the most complete set of indicators of innovative development in different countries of the world.
The Global Innovation Index is composed of 82 different variables that characterize in detail the innovative development of countries around the world at different levels of economic development. The authors of the study believe that the success of the economy is associated with both the availability of innovative potential and the conditions for its implementation. Therefore, the Index is calculated as a weighted sum of assessments of two groups of indicators:
Disposable resources and conditions for innovation (Innovation Input):
- human capital and research;
- development of domestic market;
- business development.
Achieved practical results of innovation (Innovation Output):
- development of technology and knowledge economy;
- the results of creative activity.
Thus, the final Index is a cost-benefit ratio, which makes it possible to objectively assess the effectiveness of efforts to develop innovation in a particular country.
1) Cornell University (https://business.cornell.edu/)
2) INSEAD (https://www.insead.edu/)
1) The Confederation of Indian Industry (CII) - (https://www.cii.in/)
2) Strategy & (https://www.strategyand.pwc.com/)
3) The Brazilian National Confederation of Industry - (http://www.portaldaindustria.com.br/cni/en/)