Pandemic ‘drying up’ innovation funds: UN
“The great risk… is that innovation expenditures and the means to finance innovation will spiral downwards as the global economy grinds to something of a halt,” Francis Gurry, the head of the UN’s World Intellectual Property Organization , told reporters in a virtual briefing.
Gurry’s comments came as the UN agency published its annual ranking of the world’s most innovative countries, with Switzerland topping the list for the 10th year running. The ranking closely resembled recent years’ findings, with Sweden, the United States, Britain and the Netherlands following Switzerland as the most innovative nations.
China, India, the Philippines and Vietnam have made the most progress on the index in recent years, with all four now among the top 50, it said.Gurry acknowledged that it was difficult to know how the coronavirus crisis would impact innovation in different countries and regions.
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