The Department of Intellectual Property (DoIP), convened a virtual meeting with the World Intellectual Property Organization (WIPO) to discuss on the Global Innovation Index (GII) on October 1, 2020. Ms. Lorena Rivera Leon, Economist from Department of Economics and Data Analytic, WIPO made a presentation on the overview of the GII including data collection methodologies consisting of 80 indicators used in ranking countries around the world under the Global Innovation Index.
The meeting was organized on the request of the DoIP to better understand the GII and to discuss the re-inclusion of Bhutan in the subsequent GII reports. While Bhutan was included in the earlier GII reports till 2016, owing to lack of adequate data coverage particularly in the Innovation Output Sub-Index, it was left out in the subsequent reports.
As a first step, the DoIP will sensitize the relevant stakeholders on the GII metrics and conduct virtual meetings with the experts from WIPO to better understand the country’s innovation performance and discuss on methods to achieve better and more coordinated data coverage and collection.
The GII reports are published annually by the WIPO in collaboration with Cornell University and Institut Européen d’Administration des Affaires (INSEAD). The GII reports provide insightful data-based evidence and metrics on innovation which will assist the policy makers in evaluating the country’s innovation performances and make informed innovation policy decisions. WIPO virtually launched the Global Innovation Index 2020 on September 2, 2020 with the theme “Who Will Finance Innovation?”. The top five countries in the GII 2020 innovation rankings were Switzerland, Sweden, U.S., U.K, and Netherlands.