Innovation
Innovation is part of the pillar 'United in Knowledge' of Vision 2021 which focuses on innovative Emiratis building a competitive economy. Read about the steps and initiatives undertaken to encourage innovation in the UAE. According to the annual Global Innovation Index 2019, the UAE maintains its top position as the most innovative country in the Arab world.
Purpose of encouraging innovation
The main purposes behind encouraging innovation can be summarized as follows:
Innovation and Vision 2021
Innovation is part of the pillar 'United in Knowledge' of Vision 2021 which focuses on innovative Emiratis building a competitive economy. One of the Key Performance Indicators of this pillar is the Global Innovation Index. The UAE has improved its standing in the 2017 Global Innovation Index, GII, topping all Arab countries and ranking 35th globally to move forward six places from last year’s 41st position cementing its status as one of the world’s most innovative countries.
The Global Innovative Index measures the performance of innovation in countries. Innovation inputs are measured based on institutions, human capital and research, infrastructure, market sophistication and business sophistication. While innovation outputs are measured by knowledge and technology outputs and creative outputs.
The UAE adopted its own measurement tools including the Abu Dhabi Innovation Index to monitor progress towards innovation. The index employs existing input and output indicator data across a wide range of socio-economic activities undertaken in 188 countries' economies, to focus on what is of greatest relevance to policymakers, namely the creation of new socio-economic value.
This new index is designed to reflect the innovation that actually matters, by providing a more persuasive interpretation of the data than previous measures, and by generating better comparisons between and within economies.
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