Geneva – Switzerland has been named the most innovative country in the world for the eighth consecutive year by the World Intellectual Property Organization. It stood out for its patents, quality of local universities and high-tech sector.

Switzerland has again earned the top position in the Global Innovation Index (GII). Co-authored by the World Intellectual Property Organization (Wipo), the French business school Insead and Cornell University, the index surveys some 130 countries and looks at the conditions needed for innovation as well as the new ideas and businesses created thanks to this innovation. This year’s index also looked at innovations for green technologies.

Switzerland ranked first in various patent indicators and R&D expenditures. It also scored well in high-tech manufacturing production as well as the quality of its local universities, according to a Wipo statement.

Switzerland was followed in the ranking by the Netherlands, Sweden, the United Kingdom and Singapore. The United States fell from fourth to sixth place, whereas China moved up by five spots to come 17th in the ranking.

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