Croatia rises to 41st on Global Innovation Index 2020 | Croatia Week

ZAGREB, Sept 2 (Hina) – Croatia has climbed three places to 41st place among 131 countries on the Global Innovation Index (GII), a rank similar to those in the past five years, the State Intellectual Property Office said on Wednesday.

As in previous years, the ranking was topped by Switzerland, Sweden, the United States, the United Kingdom, and the Netherlands.

According to the results for 2020, Croatia’s innovation output outranked innovation input, the State Intellectual Property Office said.

Some of Croatia’s most pronounced advantages are ecological sustainability, the export of cultural and creative services compared to total trade, the number of scientific and technical articles published, and when it comes to the pupil-teacher ratio in secondary education, Croatia ranked 1st among all 131 countries, it was underscored.

Croatia’s greatest weaknesses include its low level of university/industry research collaboration, the state of cluster development, and low intensity of local competition, the Office said.

The World Intellectual Property Organisation (WIPO) has been releasing the Global Innovation Index since 2008, in cooperation with partner institutions — Cornell University and the European Institute of Business Administration (INSEAD). GII 2020 gives an overview and ranking of the innovation performance of 131 countries and economies around the world.

The theme of this year’s GII is “Who Will Finance Innovation?”, and it discusses how to foster innovation-driven entrepreneurship and social, cultural, and economic growth. GII 2020 also investigates new methods of financing innovation in a post-COVID world.