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