Innovative region: USA

The United States ranked third after Switzerland and Sweden in the Global Innovation Index 2021 compiled by Cornell University’s SC Johnson College of Business, Insead and the World Intellectual Property Organisation. However, judging by its venture capital (VC) industry, the US is clearly ranked first again after a wobble in 2018 when China almost caught up by investment activity.

Overall, the US saw record venture activity across practically all metrics last year, according to the local trade body, National Venture…

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