Georgia promoted to 65th place in World Intellectual Property Organization’s Global Innovation Index

Georgia’s National Intellectual Property Centre on Wednesday said the country had advanced to the 65th place in the World Intellectual Property Organization’s Global Innovation Index and credited the “recent push in innovation-oriented policies” for the outcome.

The body said the rankings, published last week, placed Georgia in the position out of 132 countries with a score of 29.9 - a promotion of nine places compared to last year’s results.

The Index ranked the innovation capacity and performance of 132 countries and economies around the world, based on up to 80 indicators across seven thematic categories. 

The Centre said the results from Georgia's ranking demonstrated the country's “progress in terms of economic and innovative development in particular fields”, as evidenced by increases in scores across a number of components. 

It said the state had “significantly improved” the data of six out of seven main components this year, including areas such as institutions and institutional arrangements, business environment, human capital, knowledge and technology-based products, as well as artistic, creative products and infrastructure.

The Index ranks countries based on the analysis of the efficiency of their innovation practices, as well as strengths and weaknesses of their fields of innovation.