Each year, the Bloomberg Innovation Index ranks economies by analyzing factors such as R&D spending and the concentration of high-tech public companies. Achieving 13th place overall, Belgium broke through in the top 10 for the categories of ‘productivity’ and ‘high-tech density’. A spot in the global top 10 most innovative economies is an attainable ambition.
In July 2016, Europe already praised Belgium for its innovation efforts. The European Innovation Scoreboard, Europe’s official innovation index, zoomed in on the close collaboration between companies and public organizations in Belgium, for which the country claimed 1st place. In the overall ranking, Belgium claimed 7th place.
With Dutch as its official language, Flanders (Dutch: Vlaanderen) is the northern region of Belgium. The capital of both Belgium and Flanders is Brussels.