“This focus on idea generation is good news for the global economy,” says Didier Delanoye, partner at PwC Belgium: “Life sciences are the driving force behind Belgium’s strong results, and the country’s solid R&D ecosystem and innovation support explain why the country is among the world’s leaders in idea generation. Furthermore, ideas lead to the creation of new businesses offering innovative products and services. They enhance our competitiveness, increase productivity and, ultimately, improve our living standards.”
These findings are based on PwC’s analysis of the World Intellectual Property Organization (WIPO) data on patents from 2017, with adjustments for population size.