SINGAPORE: Singapore has leapt two spots to secure the fifth position in the World Intellectual Property Organization’s 2023 Global Innovation Index . This ascent marks a significant resurgence for the city-state as it overtakes South Korea, regaining its status as Asia’s leading innovator.
The top four countries on the GII leaderboard for 2023 remain unchanged from the previous year, with Switzerland securing the top position, followed by Sweden, the United States, and the United Kingdom. Notably, the United States, Singapore, and Israel emerged as frontrunners in excelling across the highest number of these indicators. Singapore, in particular, continued its reign by clinching the top position in 11 out of the 80 indicators. These areas of excellence encompassed government effectiveness, access to information and communications technology , and a thriving venture capital environment.
Source: News Formal (newsformal.com)