Who created the Global Innovation Index and when was it launched?
Soumitra Dutta created the Global Innovation Index in 2007. INSEAD and World Business magazine launched the project that same year to measure national innovation capacity.
Questions about Global Innovation Index
Short answers, pulled from the story.
What is the structure of the Global Innovation Index calculation method?
The Global Innovation Index calculates scores by averaging two sub-indices containing seven pillars total. The Innovation Input Index contains five pillars while the Innovation Output Index holds two pillars with specific indicators weighted through an average method.
Which countries adopted the Global Innovation Index for policy planning in 2021 and 2019?
Japan's Intellectual Property Strategy Headquarters adopted the index in July 2021 to set annual actions related to intellectual property. The United Nations General Assembly referenced the ranking in a resolution passed on the 19th of December 2019 focusing on science technology and innovation for sustainable development.
Why did researchers criticize the Global Innovation Index model in 2024?
A 2024 study by Sarcina Paolantonio Valentini and Iannone argued the analysis is too aggregated regarding factors like Ease of Paying Taxes and Electricity Output. They noted that half-weightage applied to electricity output while other metrics received full consideration limiting visibility into specific determinants of innovation performance.
How often does the Global Innovation Index change its thematic focus beyond standard rankings?
Every two years the Global Innovation Index covers a theme beyond standard rankings such as Who will finance innovation? in 2020. This biennial approach allows deeper exploration of specific sectors affecting national capacity rather than pure ranking.