Poland invests too little in innovation: ranking
20:28
Poland does not achieve results commensurate with the scale of funds invested in innovation. In terms of innovation, our country was ranked 38th out of 131 countries assessed in this respect in the Global Innovation Index 2020 innovation ranking.
This is a minimal advance compared to the previous year, when Poland took 39th position. Unfortunately, among the high-income countries (to which we are included) Poland ranks only 35th out of 49 countries, and in Europe 25th out of 39 countries.
In the overall ranking, Bulgaria is immediately ahead of us, followed by Latvia and Hungary.
The authors of the list indicate the particularly weaknesses of Poland, to the low level of venture capital investments in relation to PPP GDP (62nd place in this category), low fixed capital formation (89th place in this category), minor role of microfinance for entrepreneurs (58th place), difficulties related to starting a business (99 place) and on the quality of cooperation between industry and business, universities and other research units (87th place).
Who sets the tone for innovation? Switzerland took 1st place in the Global Innovation Index, ahead of Sweden and the United States. Among the countries of the former communist bloc, the Czech Republic was ranked the highest, taking 24th place - immediately ahead of Estonia.
