Finland has been identified as the biggest contributor to global innovation in the world. A new study by Information Technology and Innovation Foundation ranked 56 countries based on 27 different factors reflecting the way their economic and trade policies contribute to and detract from innovation globally.
According to the study, the stronger a country's contribution to global innovation, the greater its own success in innovation is domestically. Relative to the size of their economies, the nations at the top invest more in science and human capital, and have stronger innovation incentivizing tax policies.
Another recent study supports Finland’s positive attitude towards the importance of global innovations. A report by Caribou Digital studied where the most successful mobile apps are developed and ranked Helsinki second innovative city in the world. Researchers defined success by developers whose products were ranked in the best 500 in different app stores. Finland’s success is mainly the result of the hit games Clash of Clans and Hay day by Supercell.