European Innovation Scoreboard 201654

Greece is a Moderate Innovator. Over time, its innovation performance improved until 2014, followed by a strong decline in 2015. Relative performance to the EU reached a peak of 76% in 2014, but has declined to 70% in 2015.

Greece performs below the EU average on all dimensions. Relative strengths are in Human resources and Innovators. Performance in Finance and support and Intellectual assets is particularly lagging relative to the EU. Low performing indicators include Venture capital investments, License and patent revenues from abroad, and PCT patent applications (in societal challenges). Greece performs above the EU average on Non-R&D innovation expenditures, SMEs with marketing and/or organisational innovations, International scientific co-publications, and Innovative SMEs collaborating with others.

Performance in Intellectual assets has experienced the highest growth (7%). Highest indicator growth is observed for License and patent revenues from abroad (16%), Community designs (14%), and Community trademarks (12%). Performance has declined strongly in Venture capital investments (-28%).

Provisional CIS 2014 data show improved performance for four and worsened performance for two indicators. The overall impact on the innovation index is expected to be positive with the index possibly increasing from 0.364 to 0.374 assuming that for the other indicators performance would not change.

Note: Performance relative to the EU where the EU = 100. No data for non-EU doctorate students.

Greece