Why a MED innovation scoreboard?
Innovation plays a crucial role in the economic and social development. It is an important driver of growth, productivity, competitiveness, and job creation. Innovation can also help addressing some of the socioeconomic challenges like health and poverty. As innovation is a collection of a large number of aspects and variables, measuring it cannot be done with one variable or indicators, but a collection of indicators, which are called a Scoreboard. While taking into account the advantages and disadvantages of the existing innovation indicators, FEMISE has created for THE NEXT SOCIETY, a Scoreboard of innovation that includes some of the particularities of the region while shedding light on the progress (or lack) achieved so far.
What's in it?
For this MED-specific scoreboard of innovation, FEMISE has selected some of the indicators that are the most relevant for the region. All data included have been referred with their source and the latest available year (an update is already ongoing). The 78 selected indicators provide therefore accurate information on the level of performance of the Mediterranean countries with regard to the regional context. These indicators are grouped by category (Political and Institutional Environment, Infrastructures, Education, R&D...) and classified according to the 3 main phases of the innovation measuring process (Input; process; outputs).
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How to use it?
By making this scoreboard digital and interactive, you can select the stage of innovation you are interested in, and visualize for each category a chart bringing together the different indicators associated. Then all you have to do is to select - by ticking or unticking them - from one to seven countries to view their performance and display the regional average at the same time. For any question related to the methodology used, a particular indicator, a source or anything else, please contact us at email@example.com
The Input stage: this is where the basic ‘ingredients’ of reaching an innovation system are put in place. This stage includes indicators related to the Enabling environment, human capital investment and Research and development.