Global Innovation Index

The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organisations and institutions, and is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum.The index was started in 2007 by INSEAD and World Business, a British magazine. The GII is commonly used by corporate and government officials to compare countries by their level of innovation.

which are composed of five and two pillars respectively. Each of these pillars describe an attribute of innovation, and comprise up to five indicators, and their score is calculated by the weighted average method.

The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth. The GII helps to create an environment in which innovation factors are continually evaluated. It provides a key tool and a rich database of detailed metrics for economies, which in 2019 encompasses 129 economies.

The Global Innovation Index 2019 (GII), in its 12th edition this year. The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. Over the last years, the GII has established itself as a leading reference on innovation. Understanding in more detail the human aspects behind innovation is essential for the design of policies that help promote economic development and richer innovation-prone environments locally. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development.

This year’s (2019) report features a chapter titled “Reaching New Frontiers for Alzheimer’s through Research and Innovation”, penned by IFPMA President, CEO and Chair of Eli Lilly, David A. Ricks, along with Professor Brandy R. Matthews. Falling under the category of medical innovation, this chapter describes the challenges faced by innovators and drug developers in tackling Alzheimer’s, including regulatory barriers and lack of incentives. The solutions included in the chapter point towards incentivizing innovation and preparing for a future where the burden of ageing population on health systems are rising.

India is now ranked 52nd on the Global Innovation Index (GII) 2019, a jump of 5 places over last year, and 29 places in the last five years - up from 81 in 2015. The list continues to be topped by Switzerland while Israel finds its place in the top ten for the first time