Wednesday, 24 January 2018

Singapore ranks third in innovation rankings

Singapore ranked ahead of European countries like Germany and Switzerland in the Bloomberg 2018 Innovation Index according to a report.

The annual index ranks countries based on seven criteria, including their research and development expenditure, productivity and concentration of high-tech public companies.

Singapore came in third this year, with South Korea maintaining its top spot on the index for the fifth consecutive year. Sweden also maintained its position on the index from last year, ranking second.

Singapore's position rose by three notches as compared to 2017, where it was ranked sixth globally.


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