UK leaps to 4th position in the WIPO Global Innovation Index for 2020

The UK has climbed from last year’s 5th place, to achieve the 4th place position in the 2020 WIPO Global Innovation Index.

The Global Innovation Index provides detailed data about the innovation performance of 131 countries and economies around the world. In order to produce the index each year, a number of indicators are considered to assess the innovation performance including education, infrastructure and political environment.

This year’s focus was IP and finance. The index report features many in-depth chapters and articles. These have been created by IP experts across the world, including contributions by UK Intellectual Property Office Chief Economist, Pippa Hall, who contributed to the chapter on IP as a financial asset.

Commenting on the achievement of the UKIPO, Tim Moss who is the Chief Executive Officer and Comptroller General of the UK’s Intellectual Property Office said the following:

“It is wonderful to see the UK receive recognition for its strengths as an innovative place to be. The timing is particularly relevant, as innovation is a fundamental part of driving the economic recovery of the UK and countries across the globe. Intellectual property, as a foundation of innovation, has a major part to play and is more important than ever.”

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