by In 2021, Switzerland had the highest innovation score in Europe, according to a report published by the European Commission this week. © Diego Grandi | Dreamstime.comSwitzerland’s innovation score of 162.3 put it comfortably ahead of Sweden (156.5), the European nation in second place. The score measures innovation across 12 areas, which include workforce education, research systems (international research publications), digitalisation, finance and support, investment, use of IT, product and business process innovation, linkages (public-private and between companies), intellectual assets, level of employment in knowledge-intensive activities, sales impacts and environmental sustainability. Switzerland excels in intellectual assets, research, and education, lifelong learning in
Topics:
Investec considers the following as important: Business & Economy, Education, Innovation Switzerland
This could be interesting, too:
Investec writes Swiss National Bank surprises with interest rate cut
Investec writes 10-step guide to hiring an employee in Switzerland
Investec writes No rise in Switzerland’s rent rate this quarter
Investec writes Swiss supercomputer aims to make AI open to all
In 2021, Switzerland had the highest innovation score in Europe, according to a report published by the European Commission this week.
Switzerland’s innovation score of 162.3 put it comfortably ahead of Sweden (156.5), the European nation in second place.
The score measures innovation across 12 areas, which include workforce education, research systems (international research publications), digitalisation, finance and support, investment, use of IT, product and business process innovation, linkages (public-private and between companies), intellectual assets, level of employment in knowledge-intensive activities, sales impacts and environmental sustainability.
Switzerland excels in intellectual assets, research, and education, lifelong learning in particular.
Overall, Switzerland is well ahead of its neighbours on the scoreboard. Germany (137.9), Austria (133.6), France (122.3) and Italy (108.1) all trail Switzerland’s score of 162.3 by sizeable margins.
At a more geographically granular level, Zurich is the 5th most innovative region in Europe, behind Stockholm (1st), Etelä-Suomi in Finland (2nd), Oberbayern in Germany (3rd) and Hovedstaden in Denmark (4th).
Switzerland’s weak points are finance, support and investment. R&D expenditures in the public sector, government support for business R&D and R&D expenditure in the business sector are all relatively weak in Switzerland.
More on this:
European commission scoreboard (in English)
For more stories like this on Switzerland follow us on Facebook and Twitter.