Brazil Stands Out in Innovation and Leads in Latin America

The Country Jumps in the Global Innovation Index and Outpaces Latin Rivals.

In the global innovation landscape, Brazil resurges with vigor. After a 12-year hiatus, the country consolidates its position among the 50 most innovative powers, surpassing Chile and positioning itself as a Latin American leader. The recent analyses were revealed during the 10th International Congress on Industry Innovation in São Paulo, a joint initiative of the National Confederation of Industry (CNI) and Sebrae.

Brazil: An Asleep Giant?

Despite significant progress, many believe that Brazil has yet to reach its full innovative potential, especially considering its position as the 10th largest economy in the world. Its peak in the Global Innovation Index (GII) was in 2011, when it ranked 47th.

The global leaders in innovation include countries such as Switzerland, Sweden, the United States, and the United Kingdom. The ranking is an annual project, launched in 2007, under the auspices of the World Intellectual Property Organization with the collaboration of international partners.

Investing in the Future of Innovation

Robson Braga de Andrade, president of CNI, sees a bright path ahead, reinforcing the need for investments in science, technology, and innovation. In his words, the country has untapped potential to strengthen its innovative ecosystem, which, if well exploited, can catalyze significant advances.

Since its inception in 2007, the GII has become a crucial tool for shaping innovative policies, with recognition even from the United Nations Economic and Social Council.

Positioning in Latin America and BRICS

Brazil not only leads Latin America but also ranks among the top three countries in BRICS, ahead of Russia and South Africa. This success is reflected in indicators such as electronic participation, unicorn value, and intangible assets.

The calculation that determines the position of countries is intricate and is based on two main pillars: inputs and innovation results. While inputs focus on the available conditions, results measure the real impact of innovation in the country.

Brazil: Eco-Innovator in Potential

At the center of innovation discussions, eco-innovation emerges as a central topic. A recent survey by CNI sheds light on the fact that nearly half of Brazilian industries are already involved in or planning projects in eco-innovation. Brazil is positioning itself as a leader in green technology in Latin America.

With huge potential to lead global eco-innovation, Brazil is actively seeking green solutions. However, to solidify this position, it is essential to cultivate a stronger culture of eco-innovation, encouraging companies to take more risks and ensuring robust government support.

Source: Journalism – CNI