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Money for innovation ‘drying up’, global index report warns

Report finds ‘sharp decline’ in venture capital deals in North America, Asia and Europe

Despite fostering global collaboration, Covid-19 is likely to have a negative effect on innovation finance, according to authors of the 2020 Global Innovation Index.

“The Covid-19 pandemic is severely pressuring a long-building rise in worldwide innovation, likely hindering some innovative activities while catalysing ingenuity elsewhere,” wrote the authors, including the World Intellectual Property Organization, in their report. The study, an annual ranking of the world’s economies on innovation capacity and output, was published on 2 September.

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