Science and Technology

Context: A new Commonwealth Innovation Index has been launched as part of a new Commonwealth Innovation Hub on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) being held in London.

 

About the index:

The index has been created in partnership with the United Nations World Intellectual Property Organisation (WIPO) and its annual Global Innovation Index (GII).
It is aimed at providing a tool that allows member states, organisations and citizens to benchmark themselves against 53 countries of the Commonwealth, with the new innovation hub offering a dedicated online space for Commonwealth countries to showcase what they have to offer and share with other members.
 

Performance of countries:

India is ranked 10th.
Bangladesh has been ranked 24th.
The index is topped by the UK, Singapore and Canada.
 

About GII:

The Global Innovation Index (GII), co-published by World-Intellectual Property Organization (WIPO), Cornell University and INSEAD with CII as a Knowledge Partner since inception, has been ranking world economies including India since 2007 according to their innovation capabilities and outcomes using 82 indicators among a host of other important parameters.

 

What’s important?

For Prelims and Mains: Commonwealth Innovation Index and Global Innovation Index.

 

Sources: et.