Asia second in innovation, thanks to Bengaluru and Singapore

this year as more companies set up hubs in Singapore and Bengaluru, according to Capgemini 2017 Innovation Research. With 19 innovation centres being added between November 2016 and October 2017, Asia is now home to 29% of world's innovation centres ahead of Europe, according to the report. At the same time, Silicon Valley, despite being the top innovation hub, has seen a decline as it is now home to only 38% of the world’s innovation centres compared to 58% in 2015. While Singapore and Bangalore added 13 and 6 centres respectively, Silicon Valley added only 10. Subrahmanyam Kanakadandi , the co-author and member of the Digital Transformation Institute, Capgemini, said availability of digital technology talent primarily in India and conducive environment in Singapore have been the key reasons for Asia’s rise as an innovation hub. An increasing need for many non-Asian organ...

Full article: https://economictimes.indiatimes.com/small-biz/startups/n...

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