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Cyprus performs strongly in EU innovation index

The recently published European Innovation Scoreboard 2023 reveals that Cyprus has showcased robust innovation performance, positioning it as a strong innovator and above the European Union (EU) average.

The report emphasises the country’s commitment to fostering a culture of innovation and its dedication to enhancing competitiveness and excellence.

Despite recent crises, the EU Member States, including Cyprus, have continued to improve their innovation capabilities, as demonstrated by an approximate 8.5 per cent increase in innovation performance since 2016.

The report highlights that 20 Member States experienced significant advancements in their innovation capabilities over the past year, while only seven observed a decline.

Cyprus, along with Austria, Germany, Luxembourg, Ireland, and France, is identified as a Strong innovator, performing above the EU average. This recognition signifies Cyprus’s dedication to promoting innovative practices and its commitment to staying at the forefront of technological advancements.

The Regional Innovation Scoreboard further supports Cyprus’s innovation accomplishments, showcasing a rise in innovation performance for most regions in the EU since 2016.

While innovative regions are often concentrated in countries with strong innovation systems, Cyprus stands out as a regional “pocket of excellence” within a country with relatively lower innovation performance.

The findings indicate that Cyprus, with its strong innovation performance, contributes to narrowing the gap between the EU and leading innovation nations such as Canada, the Republic of Korea, and the United States.

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