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Switzerland Leads Europe in Innovation According to EIU-Cisco Study

 

NEW YORK, May 22 --Switzerland is EuropeÕs most innovative nation and second in the world after Japan according to Innovation: Transforming the way business creates, a new report from the Economist Intelligence Unit sponsored by Cisco, reports Mario Brossi of the Swiss Foreign Investment Agency Location: Switzerland. Sweden and the US came in third and forth on an EIU ranking of 82 economies based on their level of innovation in 2002-06.  According to the report, the top four will maintain their positions through 2011, Mr. Brossi said.

 

The aims of the study were to analyze the importance of innovation, then determine which countries innovate the best and why. To achieve this, the Economist Intelligence Unit compiled the ranking and also conducted a survey of 485 senior executives worldwide on their opinions regarding innovation. www.eiu.com/Innovation

 

ÒLacking natural resources save hydro power, but rich in educational resources and brain power, much of SwitzerlandÕs economic success is based on intellectual property,Ó Mr. Brossi said. ÒThe country boasts the most scientific Nobel laureates par capita, ranks first in patents per 100,000 inhabitants and enjoys one of the highest publication citation rates in the world.  It also is a leader in PhD graduates in sciences and engineering per thousand inhabitants aged between 25 and 34 years.  These are among reasons why leading firms in pharmaceuticals, biotechnology, medical technology, information technology and computer sciences set up their research labs in Switzerland.Ó


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Contact: John Williamson +908 730-9622 or johnhwilliamson@earthlink.net

 

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