This is how we evaluate the Globalance
Footprint with regard to technology and innovation:
A negative Footprint causes
- Low or flagging value creation and competitiveness
- Inferior economic productivity
- Increased opportunity costs
- A lack of specialists/scientific personnel
- Antiquated research facilities
- A lack of risk capital
A positive Footprint fosters
- The transfer and propagation of technologies and know-how
- A focus on (scientific as well as applied) research and development
- Technological innovations
- The development and spread of new business models
- A market for risk capital
Your Footprint Map for the topic
|4Q Smart Power||0.13||83|
- Colours indicate the Footprint-Scores
- Field sizes indicate proportion of invested capital
The three best investments
The three investments with the best Footprint for this theme are:
Global Context: Innovation keeps you in the game
Innovation is a key driver of economic prosperity and the transition to a more sustainable world. Meanwhile, the transfer of technology and innovation between industrialized and developing nations remains a key challenge in achieving global sustainability goals.
What this chart tells us: Switzerland is a leading innovation driver
figure above shows the movement of various developed nations in the Global
Innovation Index (GII) over the past years. In 2014, Switzerland defended its
top position over four consecutive years. High income countries generally take
the top positions of the index. But according to the 2014 GII-report, a high
GDP per Capita is no guarantee for superior innovation power. On the other
hand, an innovation divide is found between different levels of income of
economies. The GII is co-published by Cornell University, INSEAD, and the World
Intellectual Property Organization (WIPO, a specialized agency of the United
Nations) on an annual basis.
It took 28 years for half of the 1955 Fortune 500 class to disappear. Half of the class of 1995 were gone 15 years later. You have to innovate – or you die.
LOU KERNER, TECHONOMY YEAR END EDITION 2014
Challenge: Innovation must be applied globally
While technology transfer is common between industrialized countries, there is a shortfall in transfer to developing economies. This phenomenon is sometimes described as a lack in north-south technology transfer and diffusion.
Additionally the challenge is complicated by the fact that not all technologies developed in industrialized countries are suitable for developing countries.
Introducing cleantech solutions in developing countries can help mitigate global phenomena like climate change. But without the inclusion of local stakeholders, such efforts have often been proven ineffective.
Investment-Relevance: Innovation drives success
Companies generating social and environmental innovations are taking an active part in the transition to more sustainable and cleaner products. They will be more successful in the long run. Those that do not will have more storms to weather.
An impressive example of the recent past is the automobile manufacturing sector. American producers lagged far behind their Asian competitors in fuel efficiency of vehicles, which resulted in loss of market share and profitability. At the same time, Tesla Motors emerged from the same country as a pioneer in electric mobility.
Billion Swiss Francs are spent on research and development in Switzerland every
60.8% of Swiss investments in R&D are made by the private sector, with pharma contributing a large portion.
2.35 million patents were filed globally in 2012, which represents an increase of almost 10% compared to 2011.
Relevant sources of guidance for the Globalance Footprint
The Global Innovation Index along with country specific statistics helps us navigate in the task of identifying fields of innovation with a high future potential. Additionally we rely on statistics on innovation published by various governmental agencies. In assessing a company‘s footprint we consider its position in various international innovation rankings, such as Forbes’ “The World’s most innovative companies”.