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The UAE ranked first among the countries of the Middle East in terms of overall performance in the 2014 Global Innovation Index, published by Cornell University and the European Institute for Business Administration INSEAD and the World Intellectual Property Organization. du hosted the Middle East and North Africa launch conference of the 2014 Global Innovation Index in the United Arab Emirates, in the presence of His Excellency Mohammed Al Gergawi, Minister of State for Cabinet Affairs, who delivered the opening speech of the conference.
His Excellency noted in his opening speech that the Arab world, and the United Arab Emirates in particular, formed a historical hub for innovation, and said: "The UAE was founded on the principles of innovation, creativity and knowledge, as suitably demonstrated by the latest initiative, the launch of Emirates Space Agency recently by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, which is the first Arab and Islamic project to send a probe to Mars. The UAE leadership has from the beginning invested in nurturing human capital that is capable of achieving such ambitions. The UAE is also characterized by its high ability to build an environment that encourages creativity and innovation, and attracts talent. It also has plans to transform the government into a smart government, and to transform our cities into innovative, human-friendly smart cities. Additionally, we have huge projects to transform the education sector to a smart sector, based on creativity and innovation. The UAE encourages innovation in the fields of internet, media, renewable energy and industries, and our economy is one of the knowledge and innovation-based economies as classified by the World Economic Forum, while our technological infrastructure is among the best in the world. And above all, our leadership believes that innovation is the asset of the future.”
The GII 2014 surveys143 economies around the world, using 81 indicators–to gauge both their innovation capabilities and measurable results. Published annually since 2007, the GII is now a leading benchmarking tool for business executives, policy makers and others seeking insight into the state of innovation around the world. This year’s study benefits from the experience of its Knowledge Partners: the Confederation of Indian Industry, du and Huawei, as well as of an Advisory Board of 14 international experts.
The GII creates an environment in which innovation factors are under continual evaluation, including the following features:143 country profiles, including data, ranks and strengths and weaknesses on 81 indicatorsfrom over 30 international public and private sources, of which 56 are hard data, 20 composite indicators, and 5 survey questions. A transparent and replicable computation methodology including 90% confidence interval for each index ranking (GII, output and input sub-indices) and an analysis of factors affecting year-on-year changes in rankings
The GII 2014 is calculated as the average of two sub-indices. The Innovation Input Sub-Index gauges elements of the national economy which embody innovative activities grouped in five pillars which are Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication. On the other hand the Innovation Output Sub-Index captures actual evidence of innovation results, divided in two pillars: Knowledge and technology outputs and Creative outputs.
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