In today’s economy, innovation and entrepreneurship are necessary elements for companies to stay competitive.
In fact, a survey by PWC reports that 80 percent of CEOs believe innovation drives efficiencies and leads to competitive advantage.
It’s equally important for locations to consider the importance of innovation. According to the Global Innovation Index by the World Intellectual Property Organization, the top performing countries in innovation (Switzerland, UK, Sweden, the Netherlands and the United States) are also all high-income economies. That’s because innovation-based industries like life sciences and information technology bring high-paying, high-quality jobs with them.
