https://worldisraelnews.com/israel-ranked-in-top-5-on-bloomberg-innovation-index/
Israel has been catapulted to fifth place in the Bloomberg innovation index for 2019, climbing from 10th place last year and jumping ahead of the U.S., which has been ranked eighth, actually rising three spots.
Also behind Israel are Singapore in sixth place and Japan in the ninth position.
The annual index is being published for the seventh time. It analyzes dozens of criteria using seven metrics, including research and development (R&D) spending, manufacturing capability, and concentration of high-tech public companies. The ranking comes as global leaders are gathering at this week’s annual World Economic Forum in Davos, Switzerland.
Better patent registration is credited as a major reason for the Israeli improvement.
Bloomberg placed South Korea in first place on the index for the sixth time due to new investments in key technologies and a regulatory plan for encouraging startups. Germany advanced into second place due to investment in production and research by many of its industrial giants, such as Volkswagen, Daimler, and Bosch, in addition to education improvements, bringing Europe’s largest economy to near-parity with the top-ranking country.