IP Spotlight September 15

The overall Index rank of the top ten countries is largely dominated by the US and Europe. However, this year, together with Singapore at #8 (second year in a row), the Republic of Korea made it into the Index at #10 (up from #11), which means two Asian countries now make up the top 10. Australia came in at #23 (up from #24) and New Zealand at #26. Hong Kong came in at #11 (up from #13), China #14 (second year in a row), Japan at #16 (down from 15#), Malaysia at #33, Vietnam at #42, Thailand at #44, India at #48, and the Philippines at #50. The ongoing rise of Asian economies in this innovation index highlights the importance of securing IP rights in this region. The index is a result of a collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO). The full Index can be found here.

GLOBAL I NNOVAT ION I NDEX 2020 TOP 30

Country / Economy

Overall GII rank

Switzerland

1 2 3 4 5 6 7 8 9

Sweden

United States of America

United Kingdom

Netherlands

Denmark

Finland

Singapore Germany

THE GLOBAL INNOVATION INDEX 2020 DEMONSTRATES THE CONTINUED RISE OF ASIAN ECONOMIES IN THE INNOVATION SPHERE

Republic of Korea Hong Kong, China

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

France Israel China Ireland Japan Canada Austria Norway Iceland Belgium Australia

Luxembourg

Czech Republic

Estonia

New Zealand

Malta

Italy

Cyprus

Spain

CRAIG HUMPHRIS Principal

2 | wrays.com.au

wrays.com.au | 3