August 16, 2016

Finland one of world’s most innovative countries

Human capital and research in Finland was deemed to be the best worldwide.
Human capital and research in Finland was deemed to be the best worldwide.
Markus Sommers / Tekes

The annual Global Innovation Index (GII) has ranked Finland in fifth position.

The GII is co-published by Cornell University, INSEAD and the World Intellectual Property Organization (a specialised agency of the United Nations), and acts as a benchmarking tool for business executives, policy makers and others seeking insight into the state of innovation around the world.

Finland improved by one position this year, which means that it has finished no lower than sixth during the past four years of the index.

Altogether the GII surveyed the innovative qualities of 128 nations around the world across 12 different pillars. Of these, Finland was ranked first worldwide in human capital and research, second in institutions and fourth in business sophistication.

Furthermore, when the economic elements that enable innovative activity were assessed in the Input Sub-Index, Finland came fourth worldwide.

Overall, Switzerland, Sweden, the UK and the USA took the top four places in this year’s GII. At the other end of the list, Yemen was found to be the most lacking in the innovation department worldwide.

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