While the number of VC deals tracked by the Index increased by 17.6% in 2022, the total value of those deals saw close to a 40% decline.
While Switzerland remains the top innovation economy ranked by WIPO's GII, a position it has maintained since at least 2019, Sweden has leapfrogged the United States to a second-place ranking in this year's Index.
The U.S. ranked first in market sophistication criteria and second in both business sophistication and knowledge and technology outputs criteria, but the nation ranks 25th among all innovation economies in the GII's measure of infrastructure criteria.
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