Bulgaria Ranks Among EU Modest Innovators – Report

Politics » BULGARIA IN EU | March 4, 2014, Tuesday // 17:22| Views: | Comments: 0
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Bulgaria: Bulgaria Ranks Among EU Modest Innovators – Report Photo by EPA/BGNES.

Bulgaria shows the weakest performance in the European Union in the field of innovation, according to a report presented by the European Commission, Tuesday.

The Innovation Union Scoreboard (IUS) notes that Bulgaria together with Latvia and Romania fall in the group of modest innovators with innovation performance well below that of the EU average.

Denmark, Finland, Germany and Sweden are the innovation leaders, according to the IUS. Their achievements in innovation are significantly above the EU average levels. Austria, Belgium, Cyprus, Estonia, France, Ireland, Luxembourg, the Netherlands, Slovenia and the UK are innovation followers with above or close to the EU average performance.

The most innovative countries perform best on all dimensions: from research and innovation inputs, through business innovation activities up to innovation outputs and economic effects, which reflects a balanced national research and innovation system.

When looking at performance of innovation systems in a global context, South Korea,the US and Japan have a performance lead over the EU. The Unites States and South Korea outperform the EU both by 17% and Japan by 13%. While the gap between the US and Japan is decreasing, it widens with South Korea. The performance lead is even larger compared to the BRICS countries (Brazil, Russia, India, China and South Africa). This lead is stable or even increasing for almost all BRICS countries, except for China. China's current innovation performance is at 44% of the EU level, and continues to reduce the gap by improving faster and at a higher rate than the EU.

The IUS 2014 gives a comparative assessment of the innovation performance of the EU Member States and the relative strengths and weaknesses of their research and innovation systems. It monitors innovation trends across the EU Member States, as well as Iceland, the Former Yugoslav Republic of Macedonia, Norway, Serbia, Switzerland and Turkey. It also includes comparisons between the EU and 10 global competitors.

Average innovation performance is measured by summarizing performance over equally weighted 25 indicators in one composite indicator: the Summary Innovation Index.

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Tags: Innovation Union Scoreboard, IUS, innovation, modest innovators, European Commission
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