In recent years, many countries around the world have recognized that innovation is vital for sustainable economic growth. Under the influence of global economic forces, many developed countries are driving innovation in an attempt to create higher added value products and services to compensate for their higher cost structures. At the same time, large developing economies such as China and India are also stimulating innovation in order to move up this value chain. In this manner, they are targeting the achievement of higher margins through greater ownership of the intellectual property created for new products and services delivered to both local and global markets.
The following countries have been selected to provide examples where interesting approaches to building an innovation infrastructure are already achieving some success, although this may not yet be apparent in the country innovation rankings.
Singapore Biotech Gamble
The Singapore government has achieved remarkable results...