UAE leads Middle East in Global Innovation Index 2013

[ScienceRocks]

UAE leads Middle East in Global Innovation Index 2013


Research and development spending levels are surpassing 2008, local hubs thriving

The UAE, Saudi Arabia, Qatar and Kuwait ranked in the top 50 while Switzerland kept the top spot.

“Despite the economic crisis, innovation is alive and well. Research and development spending levels are surpassing 2008 levels in most countries and successful local hubs are thriving.” The report said.

The UAE ranks top in four pillars — institutions (political, regulatory and business environment), human capital and research (education, tertiary education, and research & development), infrastructure (information & communication technologies, general infrastructure and ecological sustainability), and business sophistication (knowledge workers, innovation linkages & knowledge absorption).

“Worldwide, innovation is increasingly seen as a powerful tool to strengthen the competitiveness and global relevance of corporations and nations,” said Bruno Lanvin, the report’s co-editor and Executive Director of INSEAD’s European Competitiveness Initiative.

UAE leads Middle East in Global Innovation Index 2013 | GulfNews.com