This past week I attended a seminar on “Harnessing Innovation: Fostering National Innovation for Global Development” at the UN Head Quarters. The seminar brought together a diverse set of researchers from universities, state agencies and international agencies; with the focus being on developing a come global cooperative approach to measuring innovation and its impact on national as well as global development. During the seminar, WIPO discussed their ‘Global Innovation Index‘ which sets forth a framework of indicators that can help in measuring innovation across the board. This was significant keeping ind mind that till date there are no uniform criteria to help quantify innovation. Additionally Prof. Healing from the National Academy of Sciences’ Committee on National Statistics discussed the National Research Council’s Capturing Change in Science, Technology, and Innovation: Improving Indicators to Inform Policy (2013).”The report assesses the demand for science, technology and innovation indicators from different perspectives: national, international, subnational, and sectoral.”
In my opinion these two presentations formed the core of this seminar as they brought forth the need for the development of indicators/criteria to define as well as measure innovation. This is especially important in the current economic environment where entrepreneurship and innovation seem to be the generators of economic growth.