Slovakia makes innovation progress in IT sector

But the country lags behind in robotics and medicine.

Illustrative stock photoIllustrative stock photo (Source: SME)

Slovakia innovates in the IT sector the most, but lacks innovation in areas such as medicine, biomedicine and robotics. This stems from the Global Innovation Index, published by the Organisation for Economic Cooperation and Development (OECD).

In its recent edition, Slovakia placed in 36th place, improving its position by two spots compared to last year. The country is still lagging behind neighbouring countries. For instance, Austria and the Czech Republic placed among the 30 most innovative countries.

As for other countries in the region, Hungary placed 33rd and Poland 39th.

In general, western Europe invests more in innovation than countries in central or eastern Europe.

Read also:Slovakia still lags in innovation Read more 

Switzerland tops the rankings

When compiling the index, the OECD follows the innovation outputs and inputs of the countries, how much money universities invest in research, and the number of patents acquired.

"Economically wealthier countries are markedly more innovative since the structure of their economies is more diversified," said analyst Lenka Buchláková from Slovenska Sporiteľňa bank, as quoted in a press release.

Switzerland came first in the 2018 ranking. The country has managed to remain in first place for seven years in a row. The Netherlands, Sweden, Denmark, and the USA followed.

Economies in these countries are not dependent upon one industry, which is the case of Slovakia, focusing on the car industry, Buchláková added.

For example, Ireland invests more in small and medium-sized enterprises, Luxembourg supports research more, and Belgium has been interconnecting business with universities in recent years.

"The European Union as a whole is the world's average when it comes to innovation," said Buchláková, adding the EU's innovation productivity has increased by 5.8 percent since 2010.

Although the Union is still enhancing its position in the innovation field, it has not reached the world's pace.

Get daily Slovak news directly to your inbox

Theme: IT

Read more articles by the topic

Top stories

How the state plans to help companies and the self-employed

The government has presented its first economy aid plan.

Finance Minister Eduard Heger.

Slovakia has 22 new coronavirus cases

The total number of cases exceeded 310.

Testing the samples at the Slovak Academy of Sciences.

Coping with the coronavirus: Slovakia opens some shops but tightens hygienic measures

The crisis staff has agreed on a number of new rules, valid as of Monday, March 30.

People in protective masks on public transport in Bratislava.

Lana Del Rey and Friends. America makes students’ wishes come true

Mária and Patrícia embraced American culture in summer 2019.

Two women sit on a bench opposite an ice-cream parlour in Carolina Beach, North Carolina, USA.