Luxembourg ranks 11th in the 2023 Global Innovation Scorecard, a ranking released by the Consumer Technology Association (CTA).
Trade and Invest
Luxembourg ranks 11th in the 2023 Global Innovation Scorecard, a ranking released by the Consumer Technology Association (CTA) on 5 January during the international tech event CES. The Grand Duchy is one of 24 countries classified as "innovation champions".
The Consumer Technology Association (CTA) has released the second edition of its International Innovation Scorecard, an assessment of policies and practices around the world that fuel tech innovation or stand in the way of progress. The study covers 70 countries across the world, including all EU members and the members of G20. The study measures 40 indicators across 17 categories, including tax friendliness, environmental quality, trade policy, broadband access and cybersecurity.
24 countries, including Luxembourg, received the “highest honour” of the scorecard and are labelled as innovation champions. “This year’s Innovation Champions embrace policies that unleash innovation and empower diverse communities to bring new technologies to life and to market, improving the lives of millions,” comments Gary Shapiro, President and CEO of CTA.
Luxembourg is in 11th place in the overall ranking topped by Finland. “Luxembourg boasts high degrees of freedom and diversity, a resilient business environment and widespread high-speed broadband internet service. The country has a high rate of new business creation, and maintains policies promoting innovation in emerging technologies, earning it high grades in self-driving vehicles, artificial intelligence and digital assets,” the study points out. The country also ranks high for its telehealth and cybersecurity.
Credit: Consumer Technology Association (CTA)
