Almost all´EU Member States have improved their innovation performance according to the Innovation Union Scoreboard 2011. Nordic countries and Germany remain the innovation leaders with Sweden, Denmark, Germany and Finland all showing a performance well above that of the EU27 average.
Countries at the top of the ranking for the composite innovation indicator share a number of strengths in their national research and innovation systems with a key role of business activity and public-private collaboration. While there is not one single way to reach top innovation performance, it is clear that all innovation leaders, Finland, Sweden, Denmark and Germany, perform very well in Business R&D expenditures. Most of the innovation leaders also perform very well in other innovation indicators related to firm activities.