Innovation Index Coalition (IIC)

The Finnish Innovation Index is a part of the world's first ranking of the most innovative companies, from customers perspective. Soon the index is adopted in eight countries.

CUSTOMER'S PERCEPTION

The annual innovation indexes shows the ranking of customers' perception of the companies’ innovativeness.

Firms included in the innovation index represent:

Household expenditure: Firms included in the innovation index represent 70% of the consumers jointly household spending
Market share: The companies have a 70% market share in their respective industries

INNOVATION CONFERENCES are dedicated to sharing, collaborating, and celebrating customer-focused innovation and its impact on company success. Companies that are perceived innovative by their customers are more attractive, have higher loyalty, and are ultimately more successful than companies that lag in innovativeness.

During the 2nd Global Innovation Index Summit researchers from all the indexes shared their experiences and developed a research agenda. Every index uses the same methodology. Data from each index can because of this be compared.

Hanken School of Economics,Professor Kristina Heinonen and Assistant Professor Arafat Rahman among participants of the Global Innovation Index Summit.

"The index provides very interesting and necessary information about how the customers experience firms’ ability to innovate and consequently how attractive customers see them. It is a known fact that customers are companies' only natural source of income. Consequently, one should listen to their experiences."

— NHH Professor and Developer of the Innovation Index Tor W. Andreassen.

IN EIGHT COUNTRIES

The Innovation Index was developed by Norwegian School of Economics, NHH in 2006. After the launch, six countries (including the Finnish Innovation Index) has implemented the index. Universities from Australia and Vietnam will soon join the research partnership.