Singapore maintains Asia-Pacific’s top spot on global innovation

For the seventh consecutive year, Singapore has retained the top spot as Asia-Pacific's most innovative nation in the latest Global Innovation Index.

Thursday, September 03, 2020 22:09

Singapore maintains Asia-Pacific’s top spot on global innovation ảnh 1

In Singapore (Photo: Internet)

Singapore (VNA) - For the seventh consecutiveyear, Singapore has retained the top spot as Asia-Pacific's most innovativenation in the latest Global Innovation Index.

It has also maintained itseighth position in global rankings.

The annual index - released by the World Intellectual Property Organisation,Cornell University and Insead - ranks 131 economies according to their capacityfor, and success in, innovation.

The ranking is based on80 indicators, including mobile application creation and the ease of starting abusiness.

Globally,Singapore topped the list for innovation inputs - as measured by indicatorssuch as the quality of human capital and research, political stability as wellas market sophistication.

However, itfell behind to 15th place for innovation outputs, which take into considerationthe quantity of patents and intellectual property receipts produced, as well ascreative outputs such as trademarks, national feature films and online contentcreation./.

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