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UAE is Arab world’s most innovative nation

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GCC’s second-largest economy has seen its ranking consistently rising over the past four years, up 11 spots.

According to the annual Global Innovation Index (GII), the UAE maintained its top position as the most innovative country in the Arab world in 2019, while also improving its global ranking by two positions to 36th.

The GII ranked 129 countries based on their capacity to innovate; human capital and research; infrastructure; market sophistication; business sophistication; knowledge and technology outputs; and creative outputs.

The UAE is taking several initiatives such as establishing an intellectual property registration hub, promoting a unified network aimed at encouraging fundamental research collaboration between institutes and identifying, connecting, and tracking innovation financing through enhancements in the venture capital ecosystem.

Elaborated by IICUAE, to see full article, click below.

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