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For the First Time in History, Brazil Leads Innovation in Latin America
By Dannemann Siemsen
Switzerland, Sweden, the United States, the United Kingdom and Singapore are the world’s most innovative economies in 2023, according to WIPO’s Global Innovation Index (GII), as a group of middle-income economies have emerged over the past decade as the fastest climbers of the ranking.
Among those countries is Brazil (49th), which for the first time in history leads in Latin America and the Caribbean followed by Chile (52nd) and Mexico (58th).
In the last four years, and since the start of the pandemic, Brazil is one of the countries that ascended most in the GII, having a high concentration of unicorn companies relative to its level of development and in line with countries like China and India.
Brazil climbed up five ranks this year, improving notably in the Innovation Outputs SubIndex (49th). It also ranks 22nd globally for the valuation of its 16 unicorn companies, representing 1.9 percent of its GDP in 2023, thanks to leaders QuintoAndar (e-commerce), C6 Bank (fintech) and Creditas (fintech) (Box 3). It also improves in Intangible assets (31st), ranking 13th worldwide for its Trademarks, and in Global brand value (39th), thanks to its leading banking brands, Itaú, Bradesco and Banco do Brasil. It ranks among the top 15 globally for Government’s online service (14th) and E-participation (11th).
Dannemann Siemsen
Recognised as leaders in Intellectual Property in Latin America, we are a team of experts who has been dedicated to defending industrial and intellectual property since 1900. We operate throughout the world, encompassing first-rate civil and criminal advocacy, covering diverse areas of Law and all segments of industry. We are partners of large national and international companies.
Today we have offices in three Brazilian state capitals and we have gathered a team of practitioners that lead in knowledge of intellectual property, litigation, contracts and other areas of Law.
This allows us to advise our clients in the main legal proceedings, making us a strategic partner in the pursuit of innovation and knowledge.
We have more than 280 lawyers and an extensive team of Industrial Property Agents – an experienced and specialised technical team that is kept up-to-date with the transformations and demands of the market.
We are the support for innovation and knowledge.
We live in a dynamic world, where knowledge is decisive for any company to stand out in the market. We believe in the value of human capital and in creativity as a source of innovation.
With more than a century of experience and a wide range of services, we are proud to be the foundation for our clients to seek innovative and disruptive paths.