Sweden, Denmark, Finland Named EU innovation leaders in new EU report

Scandinavian Startups was one of the first to recieve this report and we are updating this post live.

A new intelligence report, IUS places Sweden on top of the list for innovation.

Finland and Germany lead as fast innovators, with Sweden and Denmark in hot pursuit as slow innovators (but still well above the other 27 contenders)

The main findings of the IUS 2010 are:
Based on their average innovation performance across 24 indicators, the Member States
fall into four performance groups (see thresholds in footnote of Figure 1): Innovation
leaders, Innovation followers, Moderate innovators and Modest innovators (see section
3.1):
· Denmark, Finland, Germany, Sweden all show a performance well above that of
the EU27. These countries are the Innovation leaders.
· Austria, Belgium, Cyprus, Estonia, France, Ireland, Luxembourg, Netherlands,
Slovenia and the UK all show a performance close to that of the EU27. These
countries are the Innovation followers.
· The performance of Czech Republic, Greece, Hungary, Italy, Malta, Poland,
Portugal, Slovakia and Spain is below that of the EU27. These countries are
Moderate innovators.
· The performance of Bulgaria, Latvia, Lithuania and Romania is well below that of
the EU27. These countries are Modest innovators.

Sweden is one of the innovation leaders with an above average performance.
Relative strengths are in Human resources, Open, excellent and attractive research
systems and Finance and support. Relative weaknesses are in Firm investments,
Innovators and Outputs.
High growth is observed for Community trademarks. A strong decline is observed for
Sales of new products. Growth performance in Open, excellent and attractive research
systems and Intellectual assets is above average. In the other dimensions it is below
average.

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