TEHRAN – According to the Global Innovation Index (GII) report published by the World Intellectual Property Organization (WIPO), Iran has been the fastest-rising economy in the world, reaching from 113th place in 2013 to 62nd in 2023.

India (40th), Iran (62nd), and Kazakhstan (81st) are ranked first to third respectively in Central and Southern Asia, IRNA reported.

The global innovation and technology indicators include the index of creative outputs, knowledge and technology outputs, human capital and research, and business sophistication>

Iran is second within the region once again at 62nd position, following Turkey.

Also, in terms of the number of patents registered by WIPO, Iran ranks 51st in the world, next to the United States of America, Japan, and South Korea.

Among Islamic countries, Iran is ranked 5th with 1768 patents submitted. Saudi Arabia, Malaysia, Turkey, and the United Arab Emirates ranked first to fourth with 17088, 8116, 5765, and 2942 patents respectively.

2023 edition of GII

According to the GII report, the Islamic Republic of Iran ranked second among the countries of the Central and Southern Asian region, unchanged compared with last year.

The report ranked Iran 19th, 43rd, and 55th in "Market sophistication", "Creative outputs", and "Knowledge and technology outputs", respectively.

The GII 2023 used 80 indicators to track global innovation trends in 130-plus economies, guiding policymakers and business leaders in stimulating human ingenuity. This year, the report’s findings were unveiled against a background of slow economic recovery from the COVID-19 pandemic, high-interest rates, and geopolitical conflict.

The 2023 edition identified an increasingly uncertain outlook for venture capital (VC) that helps transform human ingenuity into new products and services, with the global value of VC funding marking a significant plunge last year.

According to the GII 2023 rankings, Switzerland, Sweden, the United States, the United Kingdom, and Singapore are the top countries. China, India, Vietnam, the Philippines, Indonesia, and Iran are the middle-income economies making the most headway in innovation over the last decade.

In the 16th report of the GII, which was announced at an event hosted by the World Intellectual Property Organization (WIPO), it is stated that Iran ranks 62nd among 132 countries in the world and 6th among 37 countries in lower middle-income countries.

In knowledge and technology outputs, creative outputs, market sophistication, human capital, research, and infrastructure, Iran’s performance is above the average of the lower middle-income group.

On the other hand, Iran performs above the regional average (Central and South Asia) in all these indexes, except for the infrastructure.

Under the 6.2.2 index, which was presented in the 2022 report under the title of "New Businesses" and in the new report under the title of "Unicorn Valuation", Iran's rank has risen from 90 in 2022 to 48 in 2023.

Iran is the regional leader in Market sophistication (19th), and Creative outputs (43rd). It performs well in Intangible assets (13th), ranks 1st globally in Trademarks(1st), and in the top 15 worldwide in Graduates in Science and Engineering (3rd), Market capitalization (5th), and Industrial designs (11th).

MT/MG