Exploring the Innovation Economy and Its Growth

Insights, Trends, and Impacts

Building exterior in Toronto, Canada

What is the Innovation Economy?

The innovation economy posits that knowledge, entrepreneurship, innovation, technology, and collaboration are the key drivers of economic growth.

– Nick Saraev, Stormboard

WIPO Global Innovation Index 2024

  • Every year the world intellectual property organization releases an innovation index highlighting the economic growth through innovation
  • The global innovation index uses over 80 metrics to analyze the growth of the innovation economy
  • Check it out here!

J.P. Morgan Innovation Economy Mid-Year Outlook

  • Annual report analyzing the major trends impacting the innovation economy
  • Challenges to the growth of the innovation economy
  • Check it out here!

See what CEOs are saying about the innovation economy

The Global Innovation Index (GII) points towards ‘social entrepreneurship’ as the future growth of the innovation economy.

“As we—the innovation economy—invest in what’s next, it is our responsibility as corporate and industry leaders who are advocating for technology and positive disruption to ask tough questions: How can innovation produce more benefits for more people? What is the impact when these innovations are introduced to the world? What economic opportunities are there in these evolving job-creating ecosystems?”

— Greg Becker, President and CEO, Silicon Valley Bank

“At every level—local to global—and across social, economic, and environmental areas, creativity is needed to reinvent globalization and to reconcile sustainability, equality, and prosperity. In the end, it is no surprise that some of the top GII innovation economies in North America, Europe and Asia also boast some of the most active global science, technology, and innovation clusters.”

— GII Co-Editor and President of IMD’s Smart City Observatory Bruno Lanvin

In the News

Read about the how the innovation economy is growing all over the world!

U.S. Innovation

Silicon Valley Bank claims “WE ARE THE BANK OF INNOVATION ECONOMY”


As a science agency, the Energy Department plays an important role in the innovation economy.


Seizing the moment – A framework for American innovation

Emerging Trends

 From start-up to scale: This is how governments can accelerate innovation and build inclusive economies – World Economic Forum


Innovation is at the heart of economic growth and job creation.


New Report Spotlights Heavy-Hitting Contributions to State Business and Job Growth

White abstract geometric artwork from Dresden, Germany

Share your insights on the innovation economy

This site seeks to highlight the importance of the innovation economy and provide a community hub for sharing news and ideas related to the innovation economy. If there is news that you think is important to include on this site, or insights about the innovation economy, leave a message here to submit your ideas to the site.