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Bangladesh Ranks 117 Among The Most Innovative Countries

Bangladesh ranks 117 among 128 countries, advanced 12 points from last year’s 129, in the 2016 edition of Global Innovation Index, an annual ranking of most innovative countries in the world jointly published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO).

In Central and Southern Asia region, under which Bangladesh falls, India leads (66th) followed by Kazakhstan (75th), the Islamic Republic of Iran (78th), Tajikistan (86th), Sri Lanka (91st), and Bhutan (96th).

Switzerland tops the Index followed by Sweden, UK, USA, Finland, and Singapore.

The report looks at 82 data tables for indicators from over 30 international public and private sources, of which 58 are hard data, 19 composite indicators, and 5 survey questions. And publishes 128 country profiles, including data, ranks and strengths and weaknesses on 82 indicators.

The GII 2016, themed ‘winning with global innovation’ is calculated as the average of two sub-indices. The Innovation Input Sub-Index gauges elements of the national economy which embody innovative activities grouped in five pillars: (1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication. The Innovation Output Sub-Index captures actual evidence of innovation results, divided in two pillars: (6) Knowledge and technology outputs and (7) Creative outputs.

Launched in 2007, the index helps business executives, policy makers and others seeking insight into the state of innovation around the world. The core of the Report consists of a ranking of world economies’ innovation capabilities and results.

Image: GII

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at ruhul@futurestartup.com

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