(Video) Europe’s Innovation Renaissance, China’s ‘Astonishing’ Rise: Global Innovation Index 2018

European countries led by Switzerland are experiencing an “innovation renaissance,” this year’s Global Innovation Index shows, while the scale of China’s rise in the index is “quite astonishing,” Sacha Wunsch-Vincent, senior economic officer at the World Intellectual Property Organization, says in a short video interview with Intellectual Property Watch.

Why is Switzerland number one on the list of the world’s most innovative economies, followed by a number of other European countries? “A lot of people find it counter-intuitive, believing that Europe lacks in innovation,” Wunsch-Vincent said. “As we demonstrate in great detail, the contrary is true. I would even argue that there is a European innovation renaissance. People know that US companies come to Zurich, come to Lausanne, to buy out artificial intelligence, or crypto-currency, or robotics companies because the innovation system in Switzerland and other European countries is so successful.”

In the video, Wunsch-Vincent invites Intellectual Property Watch readers to explore these trends and others in the data of the 2018 Global Innovation Index.

The 2018 Global Innovation Index was released at a launch event last week by WIPO, INSEAD and Cornell University at the Cornell Tech Campus in New York (IPW, Innovation/R&D, 11 July 2018).

William New contributed to this report.

 

Image Credits: IP-Watch