These are the 20 most innovative countries in Europe Part 2

By Fernando Belinchón, From Business Insider

Each year, the European Commission publishes a report on innovation, ranking the different EU member countries.

While this year has seen positive trends overall, the body has warned that more is needed to be vie for global competition.

Coming in fifth, the UK is doing reasonably well compared with other EU member countries.

Published with the aim of highlighting to EU member countries the areas which they ought to focus on improving, the European Commission has released its 2018 ranking on innovation in Europe.

The commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elzbieta Biénkowska commented on the rankings in a European Commission press release, saying: “The 2018 scoreboard shows again that Europe has a wealth of talent and entrepreneurial spirit, but we must do better at turning this excellence into success.”

Although Europe has managed to maintain its footing in terms of world innovation, China is fast closing the gap, with its rate of innovation growing up to three times faster than that of the EU. To produce the ranking, the Commission gives points based on a number of factors — including whether the country has an “innovation-friendly environment”, a country’s human capital, public expenditure on innovation and related investments made by private companies.

Below you can see Europe’s 20 most innovative countries, ranked from least innovative to most according to the innovation points assigned to them by the European Commission.

10. Austria: 114.7 points
Hallstatt, Austria. Flickr Creative Commons / Thomas Fabian
Innovation in human resources: 112.8 points.
Attractive research systems: 138.5 points.
Innovation-friendly environment: 86.7 points.
Finance and support for innovation: 91.8 points.
Investment in private sector innovation: 134.8 points.
Innovators : 141.9 points.
Synergy between public and private sector to innovate: 143.5 points.
Intellectual Assets: 146.2 points.
Employment : 65.6 points.
Exports and sales of innovative companies : 79.6 points.

9. Ireland: 115.9 points
Kylemore Abbey, Ireland. Flickr Creative Commons / Stéphane Moussie
Innovation in human resources: 140.7 points.
Attractive research systems : 141.5 points.
Innovation-friendly environment: 96.6 points.
Finance and support for innovation: 75.8 points.
Investments in innovation of the private sector : 93.5 points.
Innovators : 170 points.
Synergy between the public and private sectors to innovate: 89.1 points.
Intellectual Assets: 46.9 points.
Employment : 164.8 points.
Exports and sales of innovative companies : 127.7 points.

8. Belgium: 117.5 points
Dinant, Belgium. Flickr Creative Commons / Jiuguang Wang
Innovation in human resources : 106.5 points.
Attractive research systems : 168 points.
Innovation-friendly environment: 107.3 points.
Finance and support for innovation: 99.8 points.
Investment in private sector innovation: 133.8 points.
Innovators: 161.3 points.
Synergy between public and private sector to innovate : 161.8 points.
Intellectual Assets : 83.5 points.
Employment : 78.5 points.
Exports and sales of innovative companies: 75.2 points.

7. Germany: 119.6 points
Hühnerauge / Flickr Creative Commons
Innovation in human resources: 94.4 points.
Attractive research systems: 92.2 points.
Innovation-friendly environment: 100.7 points.
Finance and innovation support: 102 points.
Investment in private sector innovation: 156.4 points.
Innovators: 152.6 points.
Synergy between the public and private sectors to innovate: 125.2 points.
Intellectual Assets: 147.6 points.
Employment: 100.3 points.
Exports and sales of innovative companies : 114.7 points.

6. Luxembourg: 121.1 points
Flickr Creative Commons / Andrey Filippov 安德烈
Innovation in human resources: 126 points.
Attractive research systems: 197.8 points.
Innovation-friendly environment: 143.5 points.
Finances and support for innovation: 124.7 points.
Investments in innovation of the private sector : 68.9 points.
Innovators: 142.2 points.
Synergy between the public and private sectors to innovate: 62.2 points.
Intellectual Assets: 153 points.
Employment: 138.6 points.
Exports and sales of innovative companies: 84.8 points.

5. United Kingdom: 121.5 points
Palace of Westminster, London. Flickr Creative Commons / Ben Cremin
Innovation in human resources: 151.4 points.
Attractive research systems: 173.2 points.
Innovation-friendly environment: 93.2 points.
Finance and innovation support: 107.6 points.
Investments in innovation of the private sector: 101.9 points.
Innovators: 99.5 points.
Synergy between public and private sector to innovate: 133.5 points.
Intellectual Assets: 81.5 points.
Employment: 144 points.
Exports and sales of innovative companies: 123.2 points.

4. The Netherlands: 128.5 points
Norbert Reimer / Flickr Creative Commons
Innovation in human resources: 146.1 points.
Attractive research systems: 182.6 points.
Innovation-friendly environment: 159.4 points.
Finance and innovation support: 130.2 points.
Investments in innovation of the private sector: 76.4 points.
Innovators: 127.3 points.
Synergy between public and private sector to innovate: 151.2 points.
Intellectual Assets: 126.6 points.
Employment: 115.3 points.
Exports and sales of innovative companies: 91.7 points.

3. Finland: 128.7 points
Helsinki Cathedral, FInland. Flickr Creative Commons / Giuseppe Milo
Innovation in human resources: 165.2 points.
Attractive research systems: 137.8 points.
Innovation-friendly environment: 183.7 points.
Finance and innovation support: 110.3 points.
Investment in private sector innovation: 132.5 points.
Innovators: 141.4 points.
Synergy between the public and private sectors to innovate: 132.6 points.
Intellectual Assets: 146.7 points.
Employment: 83.5 points.
Exports and sales of innovative companies: 77.6 points.

2. Denmark: 132.4 points
The Little Mermaid, Denmark. Pocholo Calapre / Shutterstock.com
Innovation in human resources: 184.2 points.
Attractive research systems: 181.7 points.
Innovation-friendly environment: 197.8 points.
Finance and innovation support: 102.6 points.
Investments in innovation from the private sector : 109.1 points.
Innovators : 111.9 points.
Synergy between the public and private sectors to innovate: 131.3 points.
Intellectual Assets: 165.8 points.
Employment : 100.5 points.
Exports and sales of innovative companies : 75.1 points.

1. Sweden: 140.8 points
Smögen, Sweden. Flickr Creative Commons / Ray Swi-hymn
Innovation in human resources: 179.6 points.
Attractive research systems: 176.5 points.
Innovation-friendly environment: 190.5 points.
Finance and innovation support: 111.6 points.
Investments in innovation from the private sector: 157.9 points.
Innovators: 126.8 points.
Synergy between the public and private sectors to innovate: 131 points.
Intellectual Assets: 156.6 points.
Employment: 131.4 points.
Exports and sales of innovative companies: 82.1 points.
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