Recently, the World Intellectual Property Organization (WIPO) officially released the “2022 Global Innovation Index Report”. This year, China’s ranking in the Global Innovation Index rose to 11th from 12th last year. The top five are Switzerland, the United States, Sweden, the United Kingdom and the Netherlands.
The World Intellectual Property Organization stated that China’s achievements show the effect of a country taking innovation as an engine of growth and paying a lot of attention to it. China has built an innovation ecosystem in a very comprehensive way, which is an important factor in China’s success.
Hu Wenhui, deputy director of the State Intellectual Property Office, commented that in the 2022 Global Innovation Index report just released by the World Intellectual Property Organization, China’s ranking rose to 11th, one place higher than last year, and firmly ranked 11th. The first among middle- and high-income economies. This is the 10th consecutive year since the 18th National Congress of the Communist Party of China that our country’s ranking has steadily risen, and has risen a total of 23 places. It demonstrates the significant progress in my country’s comprehensive intellectual property strength and scientific and technological innovation capabilities, and also confirms our country’s implementation of new development concepts. Great achievements have been made in implementing the innovation-driven development strategy and strengthening intellectual property protection.
Hu Wenhui said that in the past ten years, the Party Central Committee and the State Council have attached great importance to scientific and technological innovation, strictly protected intellectual property rights, and have embarked on a path of intellectual property development with Chinese characteristics. The total social R&D investment has increased from 1.03 trillion yuan in 2012 to 2.79 trillion yuan in 2021. The number of invention patents per 10,000 people in China (excluding Hong Kong, Macao and Taiwan) has increased from 3.2 to 19.1, and social satisfaction with intellectual property protection has increased from 3.2 to 19.1. The score increased from 63.69 to 80.61.
According to reports, the “Global Innovation Index Report” has a total of 81 subdivided indicators in 7 categories. Our country ranks first in the world in nine indicators such as domestic market size, national patent applications, and labor output growth; it ranks among the best in domestic industry diversification, industrial cluster development and other indicators. In particular, my country has two of the world’s leading five technology clusters. Chairman, this means that China’s innovation and development have shown a good positive relationship, and innovation has accelerated and grown into a powerful engine to promote high-quality development.
The report shows that the economies ranking ahead of China include Switzerland, the United States, Sweden, the United Kingdom, the Netherlands, South Korea, Singapore, Germany, Finland and Denmark. Other emerging economies also maintained their consistently strong performance, with India and Turkey entering the top 40 for the first time.
According to report analysis, despite the ongoing COVID-19 epidemic, R&D and venture capital investment that promote global innovation continue to flourish. In 2021, the R&D expenditures of the world’s top companies increased by nearly 10%, reaching more than 900 billion U.S. dollars, higher than 2019 before the COVID-19 epidemic. Venture capital deals surged 46% in 2021, matching record levels during the dot-com boom of the late 1990s. However, there are various challenges in converting innovation and investment into impact, and technological progress and application are showing signs of slowing down.
The report believes that if the innovation ecosystem is carefully supported, there may be two waves of innovation: one is the digital age innovation wave based on supercomputing, artificial intelligence and automation; the other is the A wave of deep scientific innovation based on biotechnology, nanotechnology, new materials, and other scientific breakthroughs. However, it will take a long time for these two waves of innovation to have a positive impact.
It is understood that this year’s Global Innovation Index is the fifteenth edition and is jointly published by the World Intellectual Property Organization and the Portulans Institute. The core of the Global Innovation Index is to develop indicators to measure innovation performance and rank the innovation ecosystems of 132 economies. Since its first launch in 2007, it has become an important reference for countries to analyze their annual innovation performance and adjust policy measures.
Keywords:
Global Innovation Index Intellectual Property
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