Ukraine is getting more innovative – and the numbers prove it.
The country has risen to 43rd place in this year’s Global Innovation Index or GII, which has been compiled by Cornell University, INSEAD business school, and World Intellectual Property Organization annually since 2007.
Since last year Ukraine has risen seven places in the index, which tracks various indicators of innovation development in 126 countries of the world.
Evaluating countries’ innovation performance on a scale of 0 to 100, the GII takes into account both innovation inputs – the political environment, education, human capital, and infrastructure, and innovation outputs – the number of patents, scientific publications, new businesses, mobile applications, and even edits in Wikipedia.
Ukraine’s main weaknesses are in the “Market sophistication,” “Infrastructure,” and “Institutions” indicators. Its main strengths are “Education,” “Knowledge and Technologies,” and “Human Capital and Research.”
The index of Ukraine in 2018 is 38.50 points – the highest value for the country in the ranking’s history. In the past four years, Ukraine has been showing steady growth with the overall rise by 28 positions.
It is also the first time Ukraine has beaten Russia in the innovation ranking: Russia dropped from the 45th to the 46th place in 2018.
Meanwhile, Switzerland is the leader of the GII (with an index of 68.40), as it has been for the past seven years. It is followed by the Netherlands, Sweden, Britain, Singapore, and the United States.