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Friday 8 May

The EU innovation index

This month the European Commission published the EU Innovation Index 2014. Sweden is the most innovative EU member state. The Netherlands rise to fifth place. The members of the EU a getting more and more innovative in recent years. But there are still great differences in innovation performance between the top performing countries like Germany and Sweden and countries like Bulgaria and Romania.  

The top innovative countries in Europe are Sweden, Denmark, Germany and Finland. These are countries that score well on all dimensions of the index: research, innovation, number of patent applications and economic growth. Most progress has been made in the openness and attractiveness of the EU research system as well as business innovation collaboration and the commercialisation of knowledge as measured by licence and patent revenues from abroad.

It is remarkable that numbers 1 and 4, Sweden and Finland, underperform on economic growth.

There is one European country that is the real leader in the field of innovation: Switzerland. But Switzerland is not a member of the EU. South Korea, the US and Japan are the world wide innovation top performers.

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