Enhanced with a new guidebook and region-specific ratings, the 2016 Scorecard ventures deeper than ever to track down the latest in biotech innovation
Every year, we seek to broaden and deepen the ways in which the Scientific American Worldview Scorecard explores biotechnology around the globe. In our 2016 Scorecard, we crank up the coverage in two ways. First, we present our worldVIEWguide—a biotechnology guidebook that provides Scorecard data, basic statistics and added insight for each of the 54 countries covered—providing an easy way for readers to delve into each nation’s performance and see how it stacks up against others. Second, we add a mini-Scorecard focused on Latin America. Here, we compare countries in this region independent of the larger Scorecard, allowing us to use a different methodology and avoid problems with integrating countries for which we have very different data points. This introduces a form of analysis that we plan to apply to other regions in future editions.
For the heart of the Scorecard, we employ our traditional methodology that relies on diverse metrics to gauge global innovation in biotechnology. We analyze seven categories—Productivity, Intellectual Property (IP) Protection, Intensity, Enterprise Support, Education/Workforce, Foundations, and Policy & Stability. Composed of 27 components, these categories include gross and relative measurements. This strategy allows each country’s absolute performance to play a role in determining its Scorecard position, while giving comparative measurements some influence as well. Our methodology assesses fundamental elements of each nation, such as political environment and education, as well as factors directly involved in innovation output, like IP and public-company performance. To quantify the information, we rank each country’s performance in the individual components on a scale from 0 to 10, with the lowest-ranked country scored as 0 and the highest-ranked one as 10. To assign a rating for each category, we calculate the mean score from the components. (For detailed methods, see "Scientific American Worldview Scorecard Methodology")
In addition to the rankings presented in the Scientific American Worldview Scorecard and the worldVIEWguide, we shine a light on many other exciting quantitative developments taking place in biotechnology today. For instance, this year New Zealand and Spain join the list of nations with publicly traded biotech firms. In the pages ahead, we highlight a host of other surprising and dynamic movements afoot in the global biotechnology scene.