US is 3rd most innovative nation in UN rankings

The United Nations' World Intellectual Property Organization released its annual Global Innovation Index on July 24, including a ranking of the most innovative nations.

Topping the rankings for the ninth year in a row was Switzerland, with the U.S. in third place. The rankings are based on 80 criteria, including research and development investments, patent and trademark applications, mobile app creation and high-tech exports. Key findings in the WIPO's report include a continued global drive toward innovation despite economic setbacks, and a shift in focus across the board from quantity to quality of innovation.

Here are the top 10 most innovative nations, according to the WIPO:

1. Switzerland

2. Sweden

3. U.S.

4. Netherlands

5. U.K.

6. Finland

7. Denmark

8. Singapore

9. Germany

10. Israel

More articles on innovation:
Stanford innovation lab, Pinterest launch mental health search tool
Harvard Business Review: A new form of cost-benefit analysis to choose innovations to pursue
Physician viewpoint: Our current healthcare system discourages all innovation

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