Mar 9, 2018
While the US dropped out of the Top 10 in the 2018 Bloomberg Innovation Index, Denmark takes the 8th place as one of the most innovative countries in the world.
What makes a country innovative? If you ask the financial software and media company Bloomberg, the answer is seven factors including R&D intensity and Researcher concentration.
At least these are amongst the seven factors Bloomberg uses to rank more than 200 economies based on their ability to innovate. And this year, Denmark takes the eighth place lying neck to neck with both Japan and Finland while beating competitors such as Netherlands (16), Ireland (13) and the UK (16).
Great researcher concentration and R&D intensity in Denmark
Denmark is especially praised for its researcher concentration scoring number two in the world and the R&D intensity ranking number six in the world. Additionally, Bloomberg uses the following factors to measure a countries ability to innovate:
- R&D intensity
- Manufacturing value-added
- High-tech density
- Tertiary Effiency
- Researcher concentration
- Patent activity
Read more about the index here
The top 10 countries
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