Canada Makes the Top 10 in Global Innovation Rankings July 22, 2011 RICCentre With heavy investment activity by the Canadian government in moving forward the innovation agenda, it’s useful to note where Canada sits on the global stage when it comes to this topic. INSEAD released the Global Innovation Index 2011 (GII) in conjunction with Alcatel-Lucent, Booz & Co., the Confederation of Indian Industry (CII), and the World Intellectual Property Organization (WIPO). GII relies on two sub-indices, namely the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars. The GII has evolved into a benchmarking tool to encourage dialogue between key stakeholders, such as policy makers and business leaders. Key highlights include: When looking at the top ten economies in the GII 2011 rankings, Switzerland ranked 1st while Sweden and Singapore followed in 2nd and 3rd positions Canada’s strong performance resulted in it ranking in the top 10, at 8th place Canada’s top strengths are in joint ventures/ strategic alliances deals, venture capital deals, government online services, cost to start a business Click here for the complete report. The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers provide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.