EU Innovation Scorecard 2013:
The overall country innovation ranking within the EU remains relatively stable, with Sweden at the
top, followed by Germany, Denmark and Finland. Estonia, Lithuania and Latvia are
the countries that have most improved since last year. Drivers of innovation
growth in the EU include SMEs and the commercialisation of innovations. However the fall in business and venture
capital investment over the years 2008-2012 has negatively influenced innovation
performance. Switzerland is the leading innovator in Europe.
The European Commission says the annual Innovation Union Scoreboard provides a
comparative assessment of the research and innovation performance of the EU27
member states and the relative strengths and weaknesses of their research and
innovation systems. It helps countries assess areas in which they need to
concentrate their efforts in order to boost their innovation performance. In
addition, the Scoreboard covers Croatia, Serbia, Former Yugoslav Republic of
Macedonia, Turkey, Iceland, Norway and Switzerland. On a more limited number of
indicators, available internationally, it also covers Australia, Brazil, Canada,
China, India, Japan, Russia, South Africa, South Korea and the US.
The Innovation Union Scoreboard 2013 places member states into the following
four country groups:
Sweden, Germany, Denmark and Finland, all show a performance well above that
of the EU average.
Netherlands, Luxembourg, Belgium, the UK, Austria, Ireland, France,
Slovenia, Cyprus and Estonia all perform above the EU average.
Italy, Spain, Portugal, Czech Republic, Greece, Slovakia, Hungary, Malta and
Lithuania perform below the EU average.
Modest innovators: The
performance of Poland, Latvia, Romania and Bulgaria is well below that of
the EU average.
Innovation Scorecard 2013
Last December, the European Commission published
the rankings of the top 1,000 corporate spenders in the EU27 and top 1,500
There are 46 Finnish companies in the ranking and
14 Irish -- however, 7 of the 14 Irish are foreign companies mainly American,
that have headquarters in Ireland.
Three American companies headquartered in Ireland on paper contributed 68% of
investment: Seagate Technology (15.0%), Covidien (23.9%) and Accenture
(31.2%). Annual rises are in brackets. Seagate €1bn while the 4th Irish rank,
Ingersoll-Rand -- another American company, spent €199m.
However, very little of this spend may have been
made in Ireland.
Bank of Ireland and AIB are included and Kerry
Group has a 128th ranking with global R&D spend at 3.2% of revenues and
Glanbia is at 669 with R&D spending of a measly 0.5% of revenues.
Top EU and global R&D investors
Irish Economy: Innovation, a failed enterprise
policy and inconvenient facts for 2013
Check out our
subscription service, Finfacts Premium
, at a low annual charge of €25 - - if
you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to
support the service.
Execute access is denied.