Which of the following organizations releases the Global Innovation Index?

INSEAD, Cornell University, WIPO

The correct answer is Option (2) - INSEAD, Cornell University, WIPO

The Global Innovation Index (GII) is an annual report that measures and evaluates the innovation performance of countries worldwide. It provides valuable insights into the state of innovation ecosystems, policies, and practices globally. The GII aims to encourage and facilitate innovation by identifying key factors and best practices that contribute to innovation-driven growth and development.

The GII is released by a collaboration between three organizations:

1. INSEAD (The Business School for the World): INSEAD is a leading international business school with campuses in Europe, Asia, and the Middle East. It is renowned for its research and expertise in business management, entrepreneurship, and innovation.
2. Cornell University: Cornell University is an Ivy League research university located in Ithaca, New York, USA. It is recognized for its excellence in education and research across various disciplines, including engineering, technology, and social sciences.
3. WIPO (World Intellectual Property Organization): WIPO is a specialized agency of the United Nations responsible for promoting the protection of intellectual property rights worldwide. It facilitates cooperation among countries and provides services to assist in the protection of intellectual property.

Together, these organizations collaborate to gather data, conduct research, and analyze innovation-related indicators to produce the Global Innovation Index report. The GII assesses various aspects of innovation, including institutional environment, human capital and research, infrastructure, market sophistication, business sophistication, and knowledge and technology outputs.

The GII report is widely used by policymakers, business leaders, academics, and innovators to benchmark countries' innovation performance, identify strengths and weaknesses, and develop strategies to foster innovation and enhance competitiveness. It serves as a valuable tool for promoting innovation-led growth and sustainable development globally.