The International Innovation Index is a global index measuring the level of innovation of a country, produced jointly by The Boston Consulting Group (BCG), the National Association of Manufacturers (NAM), and The Manufacturing Institute (MI), the NAM's nonpartisan research affiliate. Piyush Goyal, India’s Minister for Commerce and Industry and Railways and WIPO Director General Francis Gurry presented the results along with a group of subject-area experts. CH-1211 Geneva 20, Switzerland. SINGAPORE - The Republic fell three spots to place eighth in this year's Global Innovation Index, though it retains its lead among countries in South-east Asia, East Asia and Oceania. Collaborative experience platforms are the infrastructure of this change. "Continued efforts made in Singapore around education, such as coding and artificial intelligence, and innovation, such as sandpits and incubators, are bound to improve the country's output score in the future," added Dr Lanvin, who is also co-author of the annual rankings. Hong Kong is ranked 13th in the world while Luxembourg is ranked 18th. Singapore was placed before South Korea and Hong Kong among economies in South-east Asia, East Asia and Oceania. Outputs included patents, technology transfer, and other R&D results; business performance, such as labor productivity and total shareholder returns; and the impact of innovation on business migration and economic growth. Since the first edition of the U.S. Chamber International Intellectual Property Index (IP Index) in 2012, countless new life-changing technologies, life-saving medicines, and life-enhancing creative works have improved our human experience. Global Innovation Policy Center @globalIPcenter 15h, If you’re not paying for licensed content – like TV shows, movies and live programming – with money, you’re paying with something far more precious: your personal and financial security. NAM describes it as the "largest and most comprehensive global index of its kind". The Global Innovation Index (GII) is an evolving project that builds on its previous editions while incorporating newly available data and that is inspired by the latest research on the measurement of innovation. Executive director for Global Indices at business school Insead Bruno Lanvin said Singapore's dip in the rankings was caused by a combination of factors, including Broadcom's relocation. Until we resolve the issues, subscribers need not log in to access ST Digital articles. The GII pays special attention to presenting a scoreboard for each economy that includes strengths and weaknesses and makes the data series accessible (Appendix II); providing data sources and definitions (Appendix III); and detailed technical notes and adjustments to the GII framework, including a detailed analysis of the factors influencing year-on-year changes (Appendix IV). The annual Bloomberg Innovation Index, in its eighth year, analyzes dozens of criteria using seven metrics, including research and development spending, manufacturing capability and … Its members are from diverse geographical and institutional backgrounds and participate in their personal capacity. The index measures 129 economies based on 80 indicators such as intellectual property filing rates, mobile-application creation and education spending. Additionally, the GII is now considered a yardstick for measuring innovation by the UN General Assembly, as noted in its resolution on Science, Technology and Innovation for achieving Sustainable Development Goals (SDGs) at its 74th session in 2019.
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