Ireland has jumped three places in the Global Innovation Index (GII) 2015 coming in at position 8 overall.

The GII 2015 looks at “Effective Innovation Policies for Development” and shows new ways that emerging-economy policymakers can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment.

“Innovation holds far-reaching promise for spurring economic growth in countries at all stages of development. However, realizing this promise is not automatic,” said WIPO Director General Francis Gurry. He added: “Each nation must find the right mix of policies to mobilize the innate innovative and creative potential in their economies.”

Commenting on the recently published 2015 Global Innovation Index* (GII) Simon Harris TD, Minister of State for International Financial Services said:

Ireland’s rise three places into the Top 10 is a welcome acknowledgement that our hard won recovery is recognised internationally, and speaks to this Government’s commitment to rebuild our reputation on the global stage. A continued focus on innovation-supporting policies is key to translating our recovery into a sustainable economy and prosperous society into the future.

The GII, co-published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), surveys 141 economies around the world, using 79 indicators to gauge both innovative capabilities and measurable results.

Top Ranking

As a whole, the group of top 25 performers – all high income economies – remains largely unchanged from past editions, illustrating that the leaders’ performance is hard to challenge for those that follow.