"Our commitment to innovation has been recognised by international professionals and experts in the field. At the same time, it obliges our public sector, science and business to bring to the market even more innovative products, solutions and technologies that not only benefit the Lithuanian population and create high added value, but also make life easier for millions of people around the world," said Aušrinė Armonaitė, Minister of the Economy and Innovation.
The Consumer Technology Association's (CTA) International Innovation Scoreboard measured 40 different indicators, including a country's business, trade and tax environment, broadband access, cyber security and more. A total of 70 countries were assessed, including all members of the European Union and the G20.
"One of the Ministry's strategic objectives is to create the conditions for transforming our economy into a higher value-added economy, in parallel with a better position in both the European Innovation Scoreboard and the World Innovation Index. Although the ranking is based on a very wide range of indicators, we are pleased to have been ranked among the most progressive countries in Europe and the world. The institutional innovation reform completed last spring - the Innovation Agency - is already becoming an important impetus for the development of innovative businesses, and in the new phase we will focus on creating a business growth momentum in areas of smart specialisation", says Eglė Markevičiūtė, Deputy Minister of the Economy and Innovation.
The 24 countries achieving the highest ranking of Innovation Champion are Australia, Austria, Belgium, Canada, Denmark, Estonia, Finland, France, Germany, Iceland, Ireland, Israel, Japan, Lithuania, Luxembourg, the Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, the United Kingdom, the United States and the European Union.
