June 15, 2017 at 05:34PM
Since 2008, Cornell University, INSEAD business school, and the World Intellectual Property Organization have released the annual Global Innovation Index.
It's essentially a ranking of the most innovative countries in the world.
This year's winners are no strangers to the top of the list, dominating in seven general categories: research, infrastructure, institutions, market and business sophistication, and a commitment to knowledge and creativity.
The most innovative countries teach creatively, enforce progressive laws, do business intelligently, and live on the cutting edge.
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16. Hong Kong — The region has dipped nine spots since 2013 and is falling every year, due mostly to waning patent filings and education scores. However, the report finds Hong Kong still plays a major a role in the global economy, particularly because of its infrastructure and how robust its market has become due to investment and trade opportunities.
15. France — Up three places from 2016, France's greatest strengths lie in the market sophistication category, specifically with venture capital deals, the report finds. It also places near the top in research and development.
14. Japan — Known for its manufacturing and technology sector, Japan ranks highest in infrastructure and patent filings. Last year it missed cracking the top 15 by one place.
See the rest of the story at Business Insider
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