The launch of the 16th edition of the WIPO Global Innovation Index, for the year 2023, took place in hybrid mode online and in Geneva on September 27th 2023, organised by WIPO.
The Global Innovation Index 2023 (GII) assesses the state of innovation in a world marked by economic and geopolitical uncertainty. Essentially, GII 2023 unveils global innovation leaders by ranking the innovation performance of 132 economies and highlighting their strengths and weaknesses. It also pinpoints the world's top 100 science and technology hubs. Since 2019, the United Nations General Assembly has recognised the GII as a standard for measuring innovation, particularly in the context of the Sustainable Development Goals (SDGs), a recognition that continues in the post-pandemic era.
In a momentous gathering of global leaders, the World Intellectual Property Organization (WIPO) convened a high-level ceremony to kickstart the discussions on innovation and intellectual property by launching the Global Innovation Index (GII) report for the year 2023.
The event featured prominent figures from around the world and unveiled the latest insights from the 2023 Global Innovation Index.
Mr. Daren Tang, WIPO's Director General, provided insights on intellectual property. His Excellency Mr. Ferdinand R. Marcos Jr., President of the Philippines, discussed innovation in the Philippines. Her Excellency Ms. Kaja Kallas, Prime Minister of Estonia, explored Estonia's innovation landscape. H.E. Mr. Ulf Kristersson, Prime Minister of Sweden, highlighted Sweden's innovations.
Under the guidance of Mr. Marco M. Alemán, WIPO's Assistant Director General, the 2023 Global Innovation Index results were unveiled via a compelling video and Q&A session.
Distinguished ministers included H.E. Mr. Mmusi Kgafela, Botswana's Minister of Trade and Industry, and H.E. Ms. Raquel Buenrostro Sánchez, Mexico's Minister of the Secretariat of the Economy.
The "Innovation in the Face of Uncertainty" panel, chaired by Mr. Daren Tang, featured experts like Mr. Soumitra Dutta from the University of Oxford, Ms. Cecilia Zhao from Kinnevik AB, Ms. Maria Fernanda Garza from the International Chamber of Commerce (ICC), and Mr. Tonny K Omwansa from the Kenya National Innovation Agency. This gathering sets the stage for robust discussions on innovation, intellectual property, and global uncertainty.
The GII serves as a practical tool for shaping innovation policies, aiding governments worldwide in evaluating innovation performance, refining innovation metrics, and fostering evidence-based policymaking.
Some of the key takeaways are as follows:
1. Mixed performance in innovation investments (2022):
- Despite numerous challenges and a decline in innovation finance, 2022 witnessed a diverse performance in innovation investments.
- The outlook for 2023 and 2024 remains uncertain.
2. Technological progress and adoption:
- Technological progress continues to surge forward with few setbacks.
- While technology adoption is on the rise, its socioeconomic impact remains relatively weak.
3. Leading innovators and emerging players:
- Switzerland, Sweden, the United States, the United Kingdom, and Singapore take the lead in innovation.
- Notably, middle-income economies such as China, Türkiye, India, Vietnam, the Philippines, Indonesia, and the Islamic Republic of Iran have made significant strides in innovation over the past decade.
4. Top performers in specific innovation indicators:
- The United States, Singapore, and Israel excel in specific innovation indicators.
5. Regional GII leaders and leading income groups:
- Switzerland, the United States, Brazil, India, Singapore, Israel, and Mauritius are the regional leaders in the Global Innovation Index.
- India and Rwanda stand out as leaders within their respective income groups.
6. Surprising performers among developing economies:
- Several developing economies are exceeding expectations in innovation relative to their economic development level.
7. Global science and technology clusters:
- East Asia hosts the world's five largest science and technology clusters.
- Tokyo–Yokohama is the largest science and technology cluster globally, while Cambridge is recognised as the most S&T-intensive cluster.
The full report can be accessed through the WIPO link given below.