SINGAPORE - Singapore has moved up two spots to fifth place in the Global Innovation Index , leading the South-east Asia, East Asia and Oceania region.
The US, Singapore and Israel topped the highest number of indicators. Singapore continued to top 11 out of 80 indicators, including government effectiveness, information and communications technology access, and venture capital . “While many governments still struggle with the massive amounts of public debt accumulated during Covid-19, the business sector has continued to increase its levels of innovation,” said Mr Bruno Lanvin, an Insead distinguished fellow and co-editor of the GII.
Wipo director-general Daren Tang said: “Despite a downturn in VC funding, the GII 2023 should reassure us that innovative activity currently continues to run strong, but that innovative activity should continue to shift from quantity to quality.”
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