Once again, Israel has been recognized as a leading force in the technology sector.
Israel again achieved amazing results in the United Nations’ Global Innovation Index (GII) and advanced six places in comparison with last year’s ranking.
Israel ranked 11th globally in the 2018 Index, and the first in the Northern Africa and Western Asia region, for the sixth consecutive year.
The GII is a detailed quantitative tool that helps global decision-makers better understand how to stimulate innovation and drive economic and human development. The GII ranks 127 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.
Israel leads in the number of researchers, research and development (R&D) expenditures, venture capital deals, R&D funded by business enterprises, research talent in business enterprise, exports of information and communications technology services and Wikipedia edits, the survey found.
The index’s 11th edition, titled “Energizing the World with Innovation,” was released Monday. The findings—co-authored by the UN’s World Intellectual Property Organization, Cornell University and the European Institute of Business Administration focused on the need for expanded innovative work in climate-friendly green technology amid rising energy demands worldwide.
Projections indicate that by 2040 the world will require up to 30 percent more energy than today, with conventional approaches to expanding the energy supply unsustainable in the face of climate change.