UK leading the way in innovation
The UK has been ranked as the second most innovative country in the world.
The UK has been ranked as the second most innovative country in the world, according to The Global Innovation Index (GII).
The UK was ranked behind Switzerland (1st), but ahead of the USA (5th), Singapore (6th) and Germany (12th) for the third year running.
The GII highlights the key role that innovation plays as a driver of economic growth and prosperity.
After being ranked as low as 10th in 2011, the UK has risen to second place in 2014 and 2015 – the most rapid rise amongst the top 10 GII-ranked innovation nations.
The UK Government said this was the result of the UK's "well-balanced performance in terms of infrastructure, market sophistication, knowledge, technology and creative outputs".
The UK is already home to four of the world's top 10 universities and is ranked as the best place in the world to obtain, exploit and enforce intellectual property rights by the Taylor Wessing Global IP Index.
Speaking at the Launch of the GII in London, Business Minister Baroness Neville-Rolfe DBE CMG said: "The UK has soared ahead in these global innovation rankings over the past few years, a further sign that our long-term economic plan is working."
"We have an outstanding tradition in producing the very best in science and research: with less than 1% of the world's population we produce 16% of the top quality published research."