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The European Innovation Scorecard was released this month and there are some interesting trends among emerging countries - Denmark retains the lead for Innovation Performance in all of the EU states. (My hypothesis cyclists make good innovators!). Estonia, Sweden and Switzerland also in the mix. But it is interesting to see other emerging trends within the EU; measured by Framework Conditions, Investments, Innovation Activities and Impacts - the report itself tells a bigger story of what works 💥 and who benefits 👫 👬 👭 🌎 The document is a whopping 149-page overview, but sets the stage for an example that #Canada could surely follow as we measure our #Innovation outputs across the country. Report here 👉 https://lnkd.in/gBD7Q5hS

🚀 Insights from Frankfurt: #Strengthening #German-#Thai #Business #Partnerships! 🚀 #TICTEC GmbH recently attended the impactful "Thailand Meets Germany - Forging Stronger Business Partnerships on Bio-Circular-Green Economy" event on June 6th, 2024. This event was a collaborative effort organized by the Eastern Economic Corridor Office of Thailand (EECO), the Royal Thai Embassy in Berlin, and the Royal Thai Consulate-General in Frankfurt, in partnership with IHK Frankfurt and the German-Thai Chamber of Commerce (GTCC). The seminar illuminated significant investment opportunities within Thailand's Eastern Economic Corridor (EEC), especially in the dynamic bio-circular-green economy sectors. Key takeaways included: 🌍 Strategic Advantages & Incentives: The EEC offers robust incentives and strategic advantages for businesses, making it a fertile ground for sustainable economic growth. 🤝 German-Thai Business Synergy: The potential for strong German-Thai partnerships was highlighted, fostering economic growth and innovation in sustainable industries. 🚀 Investment Opportunities: The EEC stands out as a beacon for investment in the bio-circular-green economy, presenting exciting prospects for businesses looking to expand and innovate. We are thrilled about the potential collaborations and growth this event has opened up for TICTEC GmbH and our partners. TICTEC: ‘Green Concepts, From Idea to Impact’. Let’s keep the momentum going and transform these insights into actionable steps! 🚀🌿 For more info, visit: www.wetictec.com 🌏💼✨ #TICTEC #BioCircularGreenEconomy #EEC #GermanyThailandPartnership #SustainableGrowth #BusinessOpportunities #Innovation #FrankfurtEvent #EECOpportunities

The European Commission has recently unveiled the results of the European Innovation Scoreboard 2024, highlighting significant strides in #Lithuania’s innovation ecosystem. Over the period from 2023 to 2024, Lithuania has demonstrated the highest 📈 growth rate in the #EU, with an impressive increase of 3.7 percentage points, surpassing the EU average of 0.6%. This marks the highest level of development in Lithuania’s innovation ecosystem to date, reflected by a cumulative innovation index score of 92 points.

Scandinavian economies dominate the EU list of innovation champions and have significantly improved their scores over the years. Among large countries, innovation intensity in France and Germany is above average but has made little progress over the past six years. According to the European Innovation Scoreboard, the leading countries within the EU have lost momentum, but Europe remains a strong innovator. The underlying message is that Europe does not suffer from dramatic structural problems and that its lackluster economic performance will improve before long. Read more in the new #GISreport by Prof. Enrico Colombatto: https://lnkd.in/dpPyhhCu

🌟 Italy’s Innovation Landscape: Strengths and Opportunities for Growth 🌟 Italy has made significant strides in innovation, particularly within its vibrant SME sector. According to the #EuropeanInnovationScoreboard2024, Italian #SMEs excel in innovation activities, standing at an impressive 151.3% of the EU average. Public-private co-publications are also notably high, reflecting the strong collaboration between Italy’s public research system and the private sector. However, the report also highlights areas where Italy needs to improve, especially in terms of investments. Firm investments are at 69.8% of the EU average, and finance and support are at 64.9%. Despite a remarkable 39.1% increase in government support for business R&D since 2017, private investments in R&D have not still seen a significant boost. To bridge this gap and further enhance Italy’s innovation and competitiveness, leveraging European co-funding instruments like #HorizonEurope is crucial. These programs can provide the necessary financial support and foster European collaborations that drive technological advancements and economic growth. #RINA supports companies in building on their strengths and addressing their weaknesses by embracing opportunities for co-funding and collaboration. Together, we can propel Italy’s innovation ecosystem to new heights! 🚀🇮🇹 #Innovation #Italy #Investments #HorizonEurope #SMEs #ResearchAndDevelopment #Collaboration #EconomicGrowth #GrowWithRINA https://lnkd.in/dCxqNpz8

💥 EUROPEAN INNOVATION SCOREBOARD 2024 💥 🆕 The European Commission has released the new edition of the European Innovation Scoreboard for 2024. The EU’s innovation performance continues to improve at a steady pace, with a 10 percentage point increase since 2017. ❗ While most EU member states have enhanced their innovation performance, this growth varies significantly among countries. 🌍 Top EU countries in innovation: 1. Denmark 2. Sweden (leader from 2017-2022) 3. Finland 4. Netherlands 🇸🇰 Slovakia is ranked 24th among EU countries and 29th overall. It falls into the group of emerging innovators, performing at 65.1% of the EU average. 📈 Slovakia’s overall innovation index is 71.6, showing a slight improvement of 1.5 points since 2023 and 2.6 points since 2017. 🚀 Strengths of Slovakia: - Export of medium and high technology products - Sales of new-to-market and new-to-firm innovations - Innovations in fine particulate air emissions ⚠️ Challenges for Slovakia: - Mobility of human resources in science and technology (HRST) - R&D expenditure in the business sector - Design applications 📊 The European Innovation Scoreboard (EIS) provides a comparative assessment of the innovation performance of EU member states, neighboring European countries, and selected global competitors based on 32 indicators. 4️⃣ EIS categorizes countries into four innovation groups: innovation leaders, strong innovators, moderate innovators, and emerging innovators. More information 👉 https://lnkd.in/eCH9k_K5 (SK) #Innovation #EuropeanInnovationScoreboard #ResearchAndDevelopment #EUInnovation

According to the annual European Innovation Scoreboard 2024, #Lithuania demonstrated the highest growth rate in the #EU, with an impressive increase of 3.7 percentage points, 10% ahead of the EU average. Several of key business-related strengths of Lithuania’s #innovation ecosystem, identified by the European Commission: 🔹Venture capital investment rate has surged by 17.3% since 2023, reaching 137.6% of the EU average. 🔹Exceeding the EU average in non-R&D innovation spending in businesses (172.6%) and trademark applications (136.2% of the EU average). 🔹Number of enterprises adopting process innovation (105.7% of EU average). 🔹Number of employees working in innovative enterprises (113.1% of EU average). Lithuania also remains a leader in the share of the population with tertiary education, standing at 177.7% of the EU average. Learn more 🔗 https://lnkd.in/gEBWgJjP Innovation Agency Lithuania | Global | Invest Lithuania | Ministry of Foreign Affairs of Lithuania | #StandWithUkraine | Ekonomikos ir inovacijų ministerija

Lithuania Achieves Highest Growth in EU in Innovation Ecosystem, Reports European Innovation Scoreboard 2024. The European Commission has recently unveiled the results of the European Innovation Scoreboard 2024, highlighting significant strides in #Lithuania’s innovation ecosystem. Over the period from 2023 to 2024, Lithuania has demonstrated the highest 📈 growth rate in the #EU, with an impressive increase of 3.7 percentage points, surpassing the EU average of 0.6%. This marks the highest level of development in Lithuania’s innovation ecosystem to date, reflected by a cumulative innovation index score of 92 points. Lithuania’s innovation growth is 10% ahead of the EU average. From 2017 to 2024, Lithuania has shown consistent progress, culminating in a 16% improvement over this period. Similar advancements are observed in countries such as Belgium and Italy, each with a 15% increase. More information: Lithuania Achieves Highest Growth in EU in Innovation Ecosystem, Reports European Innovation Scoreboard 2024 | Lithuania #Innovation #Lithuania #LithuaniaCoCreate

☕ Hot off the shelf: the 2024 edition of the #European #Innovation Scoreboard is out. Key takeaways: 🚀 #EU innovation performance continues to improve at a steady pace (10% increase since 2017 and 0.5% increase between 2023 and 2024). Most #EU Member States have boosted their innovation performance, but the increase varies strongly from one to another. 🥇 Denmark remains the most innovative EU country followed by Sweden, which led the rankings between 2017-2022. 🏃♀️ Estonia became a Strong Innovator following a steady growth pattern since 2017. Belgium, which was an Innovation leader in 2023, moved down to the Strong Innovators' category, although it maintained its fifth position in the rankings overall. 🌍 The international landscape is changing: #Switzerland is the most innovative European country and #SouthKorea remains the most innovative global competitor in 2024, while #China has surpassed Japan and is progressively closing the gap with the EU. #Canada, the #UnitedStates and #Australia continue to lead over the #EU. In the global context, 📈 the EU maintains a robust position, demonstrating strong performance in most indicators including in SMEs introducing product and process innovations and environment-related technologies. 📉 The EU still faces challenges compared to its main global competitors in areas such as intellectual assets, collaboration among innovative SMEs and R&D expenditure in the business sector. Full report here: https://lnkd.in/eEtxnWCh Isidro Laso Jekaterina Novikova Alberto Onetti Marco Marinucci Daniel Gros Uli Grabenwarter Eric de Montgolfier Michiel Scheffer Keith Sequeira Anna Panagopoulou See below the #innovation performance of the EU 27 Member States.

Did you know that the European innovation performance has increased by 10% since 2017, narrowing the innovation gap between EU countries? 📈 Do you want to know more about #EUInnovation performance? Check out the 2024 edition of the European Innovation Scoreboard, out now: europa.eu/!bggdDf The report highlights the key players for this year: 🔸 Denmark is the top EU innovator, surpassing neighbours Sweden and Finland 🏆 🔹 Estonia joins the strong innovators' group reaching an innovation index of +115 since 2017 🔸 Cyprus continues its innovation growth with an outstanding +117 innovation index since 2017 ...and provides a ranking of all EU Member States’ innovation performance! Do you know how your country scored? Have a look at the EIS 2024 online tool: europa.eu/!bNyjYx