INDIAN BUSINESS REVIEW Global Innovation Index 2013 India ranked 66th… — Volkswagen Worker

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Global Innovation Index India ranked 66th 142 economies

India ranked in the Global Innovation Index published by Cornell University, the World Intellectual Property (WIPO) and the Confederation of Indian (CII) as a knowledge partner. The ranked 142 economies across the on their innovation capacity and

This year’s report additional light on the local of innovation, an area which has under-measured globally. It shows the of original innovation eco-systems and a needed shift from a tendency to try and duplicate previously initiatives.

“The local of innovation varies considerably the globe and influences innovation at the unit level. Learning the local innovation systems newer dimensions to existing approaches and challenges. The focus of year’s GII makes it a valuable for the policy makers to develop strategies relevant to their Innovation eco-system,” said CII General Chandraji Banerjee, General, CII.

India 1 in the Central and South Asia followed by Kazakhstan and Sri Lanka, and the overall in the innovation efficiency (innovation efficiency reflects the output per unit of innovation in the economy).

The strength áreas for India been its gross capital (Rank: 9), investment in new business 20), industrial cluster (Rank: 29), growth of PPP GDP/Worker (Rank: 14), info. services exports 1), creative goods exports 11).

India ranked in áreas such as political (Rank: 123), ease of business (Rank: 128), life expectancy (Rank: pupil-teacher ratio (Rank:108), absorption (Rank: 122) and

Despite the economic crisis, is alive and well. Research and spending levels are surpassing the levels in most countries and local hubs are thriving. A of dynamic middle and low-income including China, Costa India and Senegal, are outpacing peers, but haven’t broken the top of the GII 2013 leader board.

several of its analytical chapters, the edition of GII explores how innovation has from ‘local specifics’ in parts of the world. One key message is too many innovation strategies been focused on trying to previous successes elsewhere, the Silicon Valley in California. fostering local innovation strategies that should be rooted in local comparative history and culture. They be combined with a global to reach out to foreign markets, and overseas talent.

The GII 2013 looked at 142 economies the world, using 84 indicators, the quality of top universities, availability of and venture capital deals, both innovation capabilities and results. Published annually 2007, GII has become a chief tool for business executives, makers and others seeking into the state of innovation the world. This year’s benefits from the experience of its Partners: Booz Company, du and Huawei, as well as of an advisory of 14 international experts. United Secretary-General Ban Ki-moon joined the of the report and its Knowledge Partners in the GII 2013 findings at the High-Level of the United Nation’s Economic and Council (ECOSOC).

Top Ten 2013 Switzerland (Number 1 in 2012), (2), United Kingdom Netherlands (6), United of America (10), Finland Hong Kong (China) Singapore (3), Denmark and Ireland (9).

Swiss and Sweden’s performance the fact that both are leaders in all components (pillars) of the consistently ranking in the top 25. The UK has a well-balanced performance (ranking 4th in both and output), in spite of a relatively low of growth in labor productivity. The US to benefit from its strong base (especially in terms of universities), and has seen strong in software spending and employment in services.

“The results of GlI testimony to the global nature of today. The top 25 ranked countries on the GII are a mix of from across the world – America, Europe, Asia, and the Middle East. While income economies dominate the several new players have their innovation capabilities and On average, high-income countries developing countries by a wide across the board in terms of a persistent innovation divide stressed Prof. Soumitra co-editor of the report and Anne and Lindseth Dean, Samuel Johnson Graduate School of Cornell University.

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Among the encouraging signs by GII 2013, 18 emerging economies are other countries in their income groups in order of the Republic of Moldova, China, Uganda, Armenia, Viet Malaysia, Jordan, Mongolia, Kenya, Senegal, Hungary, Montenegro, Costa Rica, and Latvia. All of them demonstrate levels of innovation compared their peers. Even if is not uniform, this is a result of the formulation of a good policy-mix on all fronts: institutions, skills, integration to global markets and with the business community.

By and Latin America is the region has seen the most significant in GII rankings, with Costa taking the lead regional

On the RD front, GII 2013 brings a of cautious optimism: despite and tightened budget policies, RD have grown since On the business front, the RD expenditures of top RD spending companies have between 9 and 10 per cent in 2010 and A similar pattern has been in 2012.

A most remarkable characteristic of trend is that emerging have increased their RD than high-income countries. the last five years, Argentina, Brazil, Poland, Russia, Turkey and South (in that order) have at the forefront of this phenomenon. markets, and notably China, are largely driving the growth in filings worldwide.

To address the challenges in India CII is working on the

CII Start-up Platform: CII, as a industry association, is working on a national-level platform for Indian from where India’s enterprises and business leaders emerge. The aim is to create a unified will trigger India’s entrepreneurial spirit and also solve employment issue. An mechanism needs to be in place to the policy and manage the fund.

window to support entrepreneurs: All the Governments have high on supporting entrepreneurships in the states and good amount of money. is no institutional mechanism in this where end-to-end support incubation, mentoring, funding and access is provided. Entrepreneurs to run to multiple organizations. CII feels, window support system to in the states is worth exploring and Start-up platform will towards this goal.

Innovations driven by business CII has launched this year a competition to invite innovative to industry’s business challenges. To with some select firms have provided challenges inviting innovations Indian individuals from all of life. These companies select winning innovations and sign agreements with innovators for further development/adoption of the

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