![]() ![]() WIPO Director General Daren Tang Among the GII’s key findings: ![]() Quality and value will become as critical to success as quantity and scale. This is why we need to pay more attention to not just investing in innovation, but how it translates into economic and social impact. While innovation investments surged in 20, the outlook for 2022 is clouded not just by global uncertainties but continued underperformance in innovation-driven productivity. This year’s GII finds that innovation is at a crossroads as we emerge from the pandemic. However, with more careful and attentive nurturing of innovation ecosystems, a new era of innovation-driven growth led by Digital Age and Deep Science innovation waves could take off. ![]() It also finds that current technological progress and adoption show signs of slowing growth despite the recent flourishing of R&D expenditure and venture capital investments. The GII finds that productivity growth - normally spurred by increased innovation - has in fact stagnated. The report shows that research and development (R&D) and other investments that drive worldwide innovative activity continued to boom in 2021 despite the COVID-19 pandemic, but challenges are emerging in translating innovation investments into impact. ![]()
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