Singapore, Asia’s Most Innovative Economy

Photo Credits: The Business Times


Based on the 2016 Global Innovation Index (GII) jointly released by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), Singapore has emerged top in innovation of the Asian economy, beating South Korea at 11th place, Hong Kong at 14th and Japan at 16th.

Singapore has maintained its ranks in the world’s 10 most innovative economies since GII’s inception in 2007. Besides that, Singapore is also ranked first for innovation input, a sub-index measured by 5 pillars — institutions, human capital and research, infrastructure, market sophistication and business sophistication internationally.