UK maintains second ranking in Global Innovation Index
17 September 2015
The Global Innovation Index ranks the UK second only to Switzerland in its latest report. Innovate UK welcomes the news but warns investment levels must continue.
The Global Innovation Index places the UK second in its ranking for 2015. Switzerland tops the list, with Sweden, the Netherlands, the USA, Finland and Singapore coming third, fourth, fifth, sixth and seventh respectively.
The chief executive of the Government’s innovation agency Innovate UK has welcomed news that the UK remained in second position in the Global Innovation index but cautioned that continued investment is needed if the UK is to maintain its position as a world leading location for carrying out innovation.
“Innovation is vital to boosting productivity and economic growth, so it’s reassuring that the UK has maintained its position as the second best country in the world to innovate, but we cannot be complacent," warns Innovate UK chief executive, Ruth McKernan. "It takes continued effort and investment to ensure the right people, institutions and networks are there to support innovative businesses and our competitors are catching up rapidly. That’s why the work Innovate UK does to fund and connect our innovative businesses is so important.
“The UK has great strengths thanks to our world class higher education sector, excellent research and productive science base and Innovate UK has a five point plan to ensure that innovation continues to support future growth coupled with competition funding to create investable businesses that bring together researchers and our industrial capability in new and ambitious ways.”
Download the full Global Innovation Index report here.