Page 30 - COMPASS - COMPETITIVENESS REPORT 2022 - COUNCIL OF COMPETITIVENESS IN GREECE

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Innovation
and Technology

There have been significant developments in innovation and technology, as regards the investment climate in the country as
well as the ecosystem within which startups flourish and grow. Indicative of the investment climate is the presence and activity
of tech giants in Greece. With regard to startups, we can now speak of a well-structured ecosystem comprising more than
600 companies that attracted investments worth half a billion euros in the last year, investing in new products and services as

well as improved customer experience. At the other extreme, even though the country continues to perform well on research
potential and publications, it can yet improve as regards strengthening the links between research centres and universities and
the market, so as to allow innovation to drive improvement in business productivity and competitiveness. At the same time, the
country must further improve its performance regarding “markets of tomorrow”, particularly as concerns the dissemination of
new technologies among consumers, the ongoing digitalisation of public services, and the transition to clean energy and energy-
efficient modes of transport.

POSITION
SUB-PILLAR INDICATOR – SOURCE PERFORMANCE
CHANGE
ICTs & organizational model creation -GII 97/125 0
Use of big data and analytics - IMD 45/64 +12
DEVELOPMENT
SMEs introducing product innovations - EIS 6/36 +9 MODERATE
OF INNOVATIVE u
SMEs introducing business process innovations - EIS 3/36 +1 PERFORMANCE
BUSINESS MODELS
Innovation output - GTCI 51/134 N/A
New product entrepreneurial activity - GTCI 33/134 N/A

Gross expenditure on R&D, % GDP - GII 34/115 0
Computer software spending, % GDP - GII 10/125 +3
University/industry research collaboration - GII 110/127 +9
SPENDING ON Scientific journal articles - GTCI 29/134 -1 COMPARATIVELY
R&D, RESEARCH u
Scientific & technical articles/bn PPP$ GDP - GII 21/131 +2 GOOD
PUBLICATIONS PERFORMANCE
AND PATENTS High tech patent grants - IMD 47/64 N/A
Eco-innov. related publications - EΙΙ 11/27 +1
Eco-innov. related patents - EΙΙ 19/27 +1
Eco-Innov. activities Attractive research systems -ΕΙΙ 22/27 -1

LONG-TERM
Agility of companies - IMD 51/64 +6
INVESTMENTS
TOWARDS THE Attitudes toward globalization - IMD 45/64 +3 u LOW
MARKETS OF PERFORMANCE
Investment in emerging technologies - GTCI 110/134 N/A
TOMORROW

NEW CLUSTERS OF u LOW
State of cluster development - GII 118/132 0
COLLABORATION PERFORMANCE