Consumer Technology Association

The Consumer Technology Association has announced 13 countries earning the designation of 2018 Innovation Champion.

The scorecard identifies critical areas of national policy that spur innovation.

Australia, Austria, Denmark, the UK, Sweden, the US, Portugal, Finland, New Zealand, Canada, the Czech Republic and the Netherlands have been named global Innovation Champions.

According to the report:

  • The UK, Finland, South Korea, Sweden, Germany, Denmark, Austria and the Netherlands have the fastest and most affordable internet connections.
  • Australia, the UK, New Zealand, the US, Singapore, Ireland and Sweden have the highest level of entrepreneurial activity.
  • Australia, Austria, the Czech Republic, France, Germany, Japan, the Netherlands, New Zealand, Singapore, South Korea, Spain, Sweden, the UK and the US are leading the way in self-driving vehicle policy.

Gary Shapiro, CEO at the Consumer Technology Association, said: “The trend lines are clear – innovation is encouraged where governments, such as Singapore’s, are hospitable to new ideas, where people enjoy great freedom and clean environments and where innovators are embraced.

“Countries’ futures are tied to innovation, because it will bolster economic growth and provide future generations with the jobs they want. Graduates entering the work force today don’t necessarily want to stay in the factory jobs of previous generations – they want to use their creativity and curiosity to build brighter futures worldwide.”

The Consumer Technology Association compared 38 countries and the EU on factors including;

  • Abilities by governments to welcome disruptive business models and technologies such as the sharing economy and self-driving vehicles, how friendly their tax systems are; how well they protect the environment;
  • Broadband speed and cost
  • Diversity; the ratio of female-to-male employees in the workplace in key age demographics; immigrants as a share of the national population; and freedom of thought and expression.