Commission launches new innovation indicator
EU News 401/2013
Brussels, 13 September 2013
Sweden, Germany, Ireland and Luxembourg are the EU Member States getting the most out of innovation, according to a new indicator proposed by the European Commission. The "Indicator of Innovation Output" measures the extent to which ideas from innovative sectors are able to reach the market, providing better jobs and making Europe more competitive. The indicator was developed at the request of EU leaders to benchmark national innovation policies, and shows that significant differences remain between EU countries. The EU as a whole performs well in an international comparison, even though it remains behind some of the most innovative economies worldwide (MEMO/13/782).
The top performers in the EU owe their ranking to doing well on several or all of the following factors: an economy with a high share of knowledge-intensive sectors, fast-growing innovative firms, high levels of patenting and competitive exports.
Source and additional information:
Innovation Indicator Image, EU, URL