Singapore Ranks First in Terms of Innovation

Singapore ranks first in terms of innovation according to a study conducted by a strategy consulting firm.

According to a new survey by Solidiance, a strategy consulting firm, Singapore tops other Asia-Pacific cities in terms of innovation.

The study was conducted for two years to find the best Asian cities attracting new talent and business. The survey took into consideration six criteria including availability of talent, advancement in technology, society, knowledge creation, government regulations and global integration.

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According to Damien Duhamel, managing partner for Asia Pacific of Solidiance, problems are addressed very soon by the government rather than being ignored and pushed aside.

Cities of India and China were pushed to lower ranks despite India and China being fast growing economies.

Solidiance, reports that the Singapore is still conserved with its cultural ideas, and needs to open up to global cultures.

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Other top five cities following Singapore are Sydney, Melbourne, Hong Kong and Auckland.

The rankings were based on surveys and interviews with leaders of government and non-government organizations, political heads, entrepreneurs, social activists and CEOs of many companies.

Source-Medindia