General Electric provides prospective collaborators with an overview of the countries participating in innovation strategies around the world. The GE Barometer is a useful tool in measuring possible partners for far reaching product development.
In the program, all countries are evaluated on seven independent innovative categories. The seven relevant categories:
· University-Industry Collaboration in R&D
· Venture Capital Deals
· Gross Expenditures on R&D
· Utility Patents
· STEM Education
· Business Environment
· High-tech Exports
At the end of each country’s innovation scorecard is a conclusion that includes some future projections. All the world’s established economies and the ever-expanding emerging markets are broken down and assigned a rating. There is a lot to learned from GE’s commitment to track innovation practices.
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