International comparisons with the EU
Switzerland remains the overall innovation leader outperforming all EU countries. South Korea, the US, and Japan retain a lead over the EU.
South Korea's lead over the EU is increasing, but since 2008 the EU has closed almost half its gap with the US and Japan.
But the EU still lags considerably behind notably in business R&D expenditures, public-private co-publications, and patents, as well as in tertiary education.
The EU continues to perform better than Australia, Canada, Brazil, Russia, India, China and South Africa.
This lead has been declining with China, remained stable with the other BRICS countries and has increased over Australia and Canada.
Antonio Tajani, EC Vice-President and Commissioner for Industry and Entrepreneurship, said: "This year's results show that the economic crisis has negatively impacted innovation activity in some parts of Europe. Investment in innovation is crucial if we want to maintain our global competitiveness and restore growth in Europe. We need to encourage entrepreneurship as SMEs have been a key driver of innovation."
Research, Innovation and Science Commissioner Máire Geoghegan-Quinn said: "Innovation should now be at the heart of all Member States' policy agendas. Our latest State of the Innovation Union report, also published today, shows we made progress in 2012 on some of the big ticket items like the Unitary Patent and new rules for venture capital funds, but we need to go further in order to avoid an innovation divide in Europe."
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Please note: all amounts expressed in sterling are for information purposes only.