Portugal
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Portugal is one of the moderate innovators with a below average performance. Positive growth is observed for most indicators, and in particular for Business R&D expenditure, PCT patent applications in societal challenges and Community designs. A substantial decline can be observed for Venture capital and Non-R&D innovation expenditure over the 5 year reference period, although Venture capital has almost doubled in 2009 with respect to 2008. Growth performance in Open, excellent and attractive research systems, Linkages & entrepreneurship and Intellectual assets is above average. In the other dimensions it is below average. Annual average growth per indicator and average country growth
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