Global Innovation Index 2022 launched

Industry news — According to the GII 2022, Switzerland is the most innovative economy in the world in 2022 - for the 12^th year in a row - followed by the United States, Sweden, the United Kingdom and the Netherlands. China is nearing the top 10 (ranks 11th) while Türkiye and India enter the top 40 for the first time.

As the report says: "Conventions regarding the estimation of GDP (and national accounts more broadly) are updated every two decades or so to reflect a changing economy. Nevertheless, several measurement problems stand out. " One of the issues is "the imperfect way intangible asset investments are accounted for". The report gives the suggestion that "work toward the better measurement of intangible assets, in particular so as to better cover the full spectrum of these assets, including design, product development and economic competencies, as well as brand, organizational capital and training, which are all still treated as intermediate inputs and thus go unmeasured".

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About OxValue.AI
OxValue.AI is a technology spin-off company from the University of Oxford that provides an efficient and practical set of industry tools for technology and startup valuation. It offers a differentiated approach to valuation using a methodology developed by senior academics for more than eight years. A novel theoretical framework is combined with machine learning, and uses proprietary samples of around 20 years of global data to produce fast, accurate and objective assessments of a technology's worth.
 
 
About Professor Xiaolan Fu
Professor Xiaolan Fu, founder of OxValue.AI, is a Professor of Technology and International Development at the University of Oxford, a Fellow of the Academy of Social Sciences, and the Founding Director of the Technology and Management Centre for Development (TMCD).
 
She has authored several books and received awards for her research on innovation, technology policy, and management. Her research interests include valuation, knowledge transfer, inclusive development, and green innovation. She was appointed by the Secretary-General to the Governing Council of the Technology Bank of the United Nations.