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
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