• The Evaluation of Science and Technology Innovation Capacity

COmposite Science and Technology Innovation Index

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Purpose • The evaluation aims to compare science and technology innovation capacity between OECD
  countries by developing evaluation model, thereby accurately diagnosing and monitoring
  national status in terms of its science and technology innovation capacity.
• The results of evaluation help to define Korea's strengths and weaknesses in its science and
  technology innovation capacity and suggest a proper policy direction needed for the
  enhancement of science and technology.
Science & technology
innovation capacity		 • Science & technology innovation capacity is an ability that a nation produces economically and
  socially valuable results as final output through the innovation and enhancement of science
  and technology. National innovative capacity is the ability of a country – as both a political and
  economic entity – to produce and commercialize a flow of innovative technology over the long
  term(Porter & Scott Stern, 2001).
Progress so far • The first research was initiated to develop indicators measuring a nation's innovation
  capacity(2004).
• The evaluation model composed of five dimensions (resources, activities, network, environment,
  and performance) were designed. A pilot analysis and time series comparison of science and
  technology innovation capacity from 1988 to 2002 was conducted for eleven countries(2005).
• The COSTII (COmposite Science and Technology Innovation Index) was finally developed
  and the evaluation of science and technology innovation capacity for 30 OECD countries
  started in 2006. The results have been reported to the National Science and Technology
  Council.
※ Based on Article 11 of “the Act on Performance Evaluation and Management of National
  Research and Development Projects, etc.” (Evaluation of Capabilities to Innovate Science and
  Technology)
• When COSTII arrived at the fifth year of development in 2010, the evaluation methodology
  and 31 indicators were reviewed and revised comprehensively to examine its development
  methodologies and need of indicator adjustment. Which led to an updated rankings and
  scores of observed countries in the past five years.
• Taking into account data availability, new OECD member states were included among COSTII
  survey targets (34 countries in 2017, 35countries in 2018, 36countries in 2021).
• Assessment indicators were revised to enhance COSTII measurement precision and data
  interpretation capabilities, with additional supplementary indicators added to provide
  more illuminating explanations of innovation trends (every year).
Concept • The evaluation of science and technology innovation capacity is comprehensive review of the
  overall process of innovation (inputs → activities → performance) on the basis of the
  framework of the NIS.
※ NIS is defined as the sum of all interacting components and their relations, which are
  involved in the process of creation, dispersion, and utilization of new and economically valuable
  knowledge of a country (Lundvall, 1992).
• It takes a systematic approach that regards active interaction between the elements of process
  as being a decisive factor of the national science and technology innovation capacity. The
  evaluation is based on COSTII(COmposite Science and Technology Innovation Index) which is
  indigenous index in Korea, monitoring the science and technology innovation capacity
  qualitatively and quantitatively at the national level.