Denmark no. 8 in Global Innovation Index 2016

Aug 22, 2016 | Business conditions

Denmark jumps to the 8th position in the Global Innovation Index 2016 by Cornell University, INSEAD & WIPO, performing very well on research talent and knowledge workers, ICT use, venture capital and government effectiveness.

Denmark ranks 8th in this year’s Global Innovation Index (GII), a spot the country also held in 2014. Denmark ranks in the top 25 economies across all pillars in the Index, which provides a rich database of detailed metrics for 128 economies worldwide, aiming to capture the multi-dimensional facets of innovation.

Copenhagen is a startup hub

“Greater Copenhagen is a rising and buzzing startup hub, with fast-growing startups, breaking innovations, creative co-working spaces, rise in investments, and lots of new talent and experienced industry players. The Global Innovation Index rankings is testament to Copenhagen’s innovative and creative profile and the many startup achievements taking place in and spinning out of Copenhagen”, says Claus Lønborg, CEO, Copenhagen Capacity.

Copenhagen 4th best on human capital and research

The Innovation Input Sub-Index is comprised of five input pillars that capture elements of the national economy that enable innovative activities. Denmark scores high across the board:

No. 4 on human capital and research
No. 6 on market sophistication
No. 7 on institutions
No. 17 on business sophistication
No. 21 on infrastructure.

Denmark performs particularly well on parameters such as cost of redundancy dismissal, researchers (FTE/m population), gross expenditure on R&D (% GDP), ICT use, environmental performance, domestic credit to private sector (% GDP), venture capital deals/bn PPP$ GDP, knowledge workers, research talent (% in business enterprise), and government effectiveness.

About the Global Innovation Index

The Global Innovation Index 2016 (GII) is co-published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), a UN agency. The GII Index consists of a ranking of world economies’ innovation capabilities and results. The 2016 edition focuses on ‘Winning with Global Innovation’ as science and innovation are more internationalised and collaborative than ever before.

See the full report here.

How can we help your company?

If you want to know more about setting up a business in Greater Copenhagen, please contact Director of Investment Promotion Marianna Lubanski via e-mail: mlu@copcap.com or mobile: +45 30 46 36 40.