16.08.2011

Finland ranked second in ITIF innovation and competitiveness comparison

Finland’s strengths include its human capital, investments in R&D and venture capital investment, according to the Information Technology and Innovation Foundation.

Finland has been ranked as the second most innovative and competitive country out of 44 countries in the Atlantic Century II report published by the Information Technology and Innovation Foundation (ITIF) in the United States. The comparison consists of 16 indicators under the main categories of human capital, innovation capacity, entrepreneurship, IT infrastructure, economic policy and economic performance.

Within the different categories, ITIF ranked Finland the best for human capital, including the number of science and technology researchers per 1,000 persons employed. Finland was ranked second for investments in research and development by business as a percentage of GDP, and for investments in R&D by government as a share of GDP.

Finland also scored well for academic publications per million people and the relative prominence of those publications and for venture capital investment as a percentage of GDP, with a fourth place ranking in both categories.

Source: ITIF