Kazakhstan

Kazakhstan Showcases Region’s Innovation Potential at the First Regional Global Innovation Index Presentation

Kazakhstan Hosts Regional Presentation of Global Innovation Index Results for Asian Countries

ASTANA – On October 1, Kazakhstan hosted the first regional presentation of the Global Innovation Index (GII) 2024 results for Asian countries, showcasing the Central Asian region’s potential in innovation and high-tech development.

The GII, compiled by the World Intellectual Property Organization (WIPO), assesses innovation activity in 133 economies worldwide, highlighting their strengths and weaknesses. In the latest report, Kazakhstan rose in the ranking from 81st to 78th place, positioning itself among the top three Central and Southern Asian nations.

Kazakh Minister of Justice Azamat Yeskaraev emphasized the country’s progress in the ranking, attributing it to driving economic growth, fostering development across various sectors, and creating a conducive environment for business and innovation.

Improvements were noted in government effectiveness, the rule of law, PISA scores, market sophistication, ease of doing business, and foreign direct investments. Kazakhstan has seen a significant increase in patent applications, demonstrating its commitment to promoting intellectual activity.

While celebrating these achievements, Minister Yeskaraev acknowledged the importance of continued efforts to enhance legislation supporting innovative activities in alignment with international standards.

The conference was attended by WIPO’s Assistant Director General in IP and Innovation Ecosystems Sector, Marco Aleman, who highlighted the promising innovation trends in Central Asia. Several middle-income economies, including China, Turkey, India, and others, are showing remarkable potential, inspiring other nations in the region to strive for innovation-driven growth.

The Central Asian region, including Kazakhstan, is witnessing notable progress in innovation, backed by increased investments in education, infrastructure, and economic diversification efforts. Aleman shared insights on research and development expenditure growth, high-tech exports, and the rise of intangible assets in the region.

Reflecting on the conference, Aleman emphasized the value of collaboration between government, businesses, and WIPO in advancing innovation and turning theoretical ideas into practical actions.

During a press briefing, Sacha Wunsch-Vincent from WIPO recognized Kazakhstan’s strides in innovation amidst a global decline in venture capital investment. He highlighted the country’s strong performance in digital transformation and its efforts to ramp up R&D expenditure.

While Kazakhstan still has room for growth in R&D investment, supportive mechanisms in place are expected to drive future advancements in the sector. The country’s strong focus on human capital development, particularly in coding skills, artificial intelligence, and green transition, was also commended.

Overall, Kazakhstan’s progress in shaping an innovative ecosystem and commitment to fostering a culture of innovation bodes well for its future positioning in the global innovation landscape.

 

Hostinger

Pools Plus Cyprus

This message was taken from this source and rewritten by artificial intelligence.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button