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Kauffman Foundation and ITIF Unveil Global Innovation Policy Report Ranking 55 Nations' Capacities for Economic Growth

Canada and Singapore Rank Highest Across Seven Policy Indicators; the United States Excels in All Categories Except High-Skill Immigration (March 08, 2012)

WASHINGTON, DC -- (Marketwire) -- 03/08/12 -- In the midst of intense global competition for innovation supremacy among countries, the Information Technology and Innovation Foundation (ITIF) and the Ewing Marion Kauffman Foundation released today one of the most comprehensive assessments ever undertaken of countries' innovation policies. The Global Innovation Policy Index benchmarks the effectiveness of the innovation policies of 55 countries -- including virtually all EU, OECD, APEC and BRIC economies -- and provides a framework for making effective policies.

The Policy Index assesses the countries against 84 indicators grouped across seven core innovation policy areas: 1) trade and foreign direct investment; 2) science and R&D; 3) domestic market competition; 4) intellectual property rights ; 5) information technology; 6) government procurement; and 7) high-skill immigration.

The Index ranks countries as either upper tier, upper-mid tier, lower-mid tier or lower tier on each of the seven policy areas and overall, and highlights best practices in policy development among these countries that other nations can learn from. Only Canada and Singapore placed in the upper tier on all seven innovation policy indicators, while the United States placed in the top tier in every category except openness to high-skill immigration. The report ranks 18 countries as upper tier, 15 as upper-mid tier, 13 as lower-mid tier, and nine as lower tier in innovation policy.

"Countries are engaged in a fierce race for global innovation advantage," ITIF President Robert Atkinson said, "but they can compete in ways that either maximize their innovation capacity while producing positive spillovers for the world, such as by investing in research or education, or compete by less effective policies that often distort global markets through 'innovation mercantilism.' The Policy Index highlights countries' 'good' innovation policies and provides a scorecard of how effectively leading countries are adopting them."


The report says that countries will not be able to achieve sustainably high rates of innovation if their governments have not implemented a broad range of innovation-enabling policies that create the conditions in which organizations throughout their economies can successfully innovate.

"We hope the Innovation Policy Index helps countries better understand the strengths and weaknesses of their national innovation ecosystem compared with their global peers, while highlighting scores of best practices in innovation policy through which countries can learn from one another," said Robert Litan, vice president of research and policy, Kauffman Foundation. "The report clearly shows how openness to domestic market competition is a critical element of fostering an entrepreneurship-friendly environment in countries around the world."

Read the full report at www.kauffman.org/innovationpolicy or www.itif.org/globalinnovationpolicy.

About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. In addition, the Foundation focuses on initiatives in the Kansas City region to advance students' math and science skills, and improve the educational achievement of urban students, including the Ewing Marion Kauffman School, a college preparatory charter school for middle and high school students. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo., and has approximately $2 billion in assets. For more information, visit www.kauffman.org, and follow the Foundation on www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn.

About the ITIF
The Information Technology and Innovation Foundation (ITIF) is a Washington, D.C.-based think tank at the cutting edge of designing innovation strategies and technology policies to create economic opportunities and improve quality of life in the United States and around the world. Founded in 2006, ITIF is a 501(c)(3) nonprofit, non-partisan organization that documents the beneficial role technology plays in our lives and provides fact-based analysis and pragmatic ideas for improving technology-driven productivity, boosting competitiveness, and meeting today's global challenges through innovation.

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Media Contacts
Rose Levy
646 660 8641
rose@goldinsolutions.com
Goldin Solutions

Barbara Pruitt
816-932-1288
bpruitt@kauffman.org
Kauffman Foundation

Steve Norton
202-626-5758
snorton@itif.org


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