Hungary ranks 36th in the innovation ranking, while the number of patent applications has grown significantly
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The World Intellectual Property Organization's latest innovation ranking places Hungary in 36th position. The list includes 139 countries in total, so Hungary sits in the middle field, in the first half of the ranking.
The WIPO is a specialised agency of the United Nations that prepares the global innovation ranking every year. The assessment takes several aspects into account, such as spending on research and development, the quality of education and the number of patents. Innovation plays an important role in economic competitiveness, which is why experts and decision-makers also follow these results closely.
One of the most striking results is the significant rise in the number of patent applications. According to the latest data, the number of applications for Hungarian inventions has jumped sharply, which shows that researchers and companies increasingly want to patent new solutions.
Overall, the results present a mixed picture. Hungary's position has not changed significantly, while the increase in patent activity is an encouraging sign. The rankings of the coming years will show whether this development continues.
Sources: Portfolio.hu
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