Global Innovation Index 2020 report
Who Will Finance Innovation?
The 2020 edition of the Global Innovation Index (GII) presents the latest global innovation trends and the annual innovation ranking of 131 economies.
The theme of this year’s GII – Who Will Finance Innovation? – is timely given the human and global economic damage wreaked by the COVID-19 global pandemic.
According to the 2020 GII rankings, for the 9th consecutive year Switzerland tops the ranking, followed by Sweden, U.S., U.K, and Netherlands. The Republic of Korea joins the top 10 for the first time and follows Singapore (9th). The top 10 is dominated by high-income countries. The geography of innovation continues to shift, the GII 2020 shows. Over the years, India, China, the Philippines, and VietNam are the economies with the most significant progress in their GII innovation ranking over time. All four are now in the top 50.
2020 Science and technology hotspots
For the last four years, the GII has also published a ranking of the world’s top 100 science and technology hotspots. In 2020, Tokyo-Yokohama is the top-performing hotspot again, followed by Shenzhen-Hong Kong-Guangzhou, Seoul, Beijing, and San Jose-San Francisco. The U.S. continues to host the largest number of hotspots (25), followed by China (17), Germany (10), and Japan (5). The top 100 clusters are located in 26 economies, of which six – Brazil, China, India, Iran, Turkey, and the Russian Federation – are middle-income economies.