SME Times News Bureau | 19 Jul, 2019
Union Minister of Commerce & Industry Piyush
Goyal will launch the Global Innovation Index (GII) on 24th July,
2019 in New Delhi.
Director General, World Intellectual
Property Organization, Francis Gurry, will also be present during the event.
The launch of GII will reveal the innovation
rankings of economies and the findings for this year. It will be the
12th edition of GII with 129 countries under its observation.
The GII measures how innovation friendly the
environments of global economies are based on 80 detailed metrics.
The GII operates with a theme every year to track
This year’s theme is “Evaluating the Medical
Innovation Scenario of the Next Decade”.
It aims to highlight the role and dynamics of
medical innovation in order to understand how it can form the future of
healthcare and the potential impact this may have on economic growth.
The Global Innovation Index has been a charter
for assessing the innovation capabilities of national economies worldwide. The
initiative to understand how countries facilitate innovation was espoused by
INSEAD and World Business in 2007.
Since its genesis the GII has become a credible
authority on providing insight into the multi-dimensional aspects of
The GII is a valuable benchmarking tool that can
help in gauging as well as encouraging public-private dialogue and where
policy-makers, entrepreneurial leaders and other stakeholders can assess
innovation progress on an annual basis.
On the 24th July 2019 there will be two
panel discussions on subjects like Asia: The future hub of Innovation.
The second panel discussion will be on Creating
Healthy Lives - The Future of Medical Innovation.
There will also be a special session on India’s
R&D Expenditure Ecosystem.