Innovation readiness is a key driver for the growth and prosperity of nations. Not only is innovation crucial for economic value creation, but it is also important for opening up new avenues for people to fulfill their aspirations. Successful innovation requires investments in a range of factors including regulatory and institutional instruments, human capital, infrastructure, markets and business readiness. The scope of innovation today includes both knowledge-intensive innovations enabled by new technologies and market-led innovations triggered by new customer demands.
Portulans Institute’s co-founder Soumitra Dutta has created the Global Innovation Index (GII) which has today become the global benchmark for assessing the multidimensional facets of innovation-driven growth. Co-published by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD, the GII has evolved into a valuable benchmarking tool that facilitates a public-private dialogue where policymakers, business leaders, and other stakeholders can evaluate innovation progress on an annual basis. The Portulans Institute also hosts the GII Corporate Network, and GII Academic Network.