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
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