Jump to content
Your browser is out of date. It has known security flaws and may not display all features of this websites. Learn how to update your browser[Close]

Switzerland tops Global Innovation Index


Switzerland is the world’s most innovative economy, followed by Sweden, Singapore, Hong Kong and Finland, according to a study.

The Global Innovation Index 2011, released on Thursday, evaluated 125 economies. Last year, Switzerland ranked fourth.

The index recognises the key role of innovation as a driver of economic growth and prosperity. Although Switzerland did not rank first in any of the individual criteria, its overall performance earned it first place.

Contributing factors included the stable political and economic conditions, very good education system, high spending on research and development, efficient infrastructure, high demands of the domestic market and the ability to channel these strengths into successful innovations.

The report is published by strategy consultants Booz & Company, the INSEAD business school, Alcatel-Lucent, the Confederation of Indian Industry and the World Intellectual Property Organization.

“Innovation is a crucial element for the competitiveness and therefore the growth possibilities of a country, a sector and an individual company,” said Carlos Ammann, CEO of Booz & Company in Switzerland.

“Switzerland needs to maintain this ability and develop it further in order to stay competitive despite the high labour costs and the strong franc.”

swissinfo.ch and agencies



Links

Copyright

All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via contact@swissinfo.ch.

As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.

×