Posted on: 14 July 2020
Z/Yen today launched the first edition of the Smart Centres Index (SCI 1), which is designed to track the development of technology and financial centres across the world in their support for and readiness for new technology applications.
Investors, entrepreneurs, scientists, media, academics, governments, and regulators can attune their cities to attract innovation and growth in Science, Technology, Energy Systems, Machine Learning, Distributed Ledgers, or Fintech. Tuning a city for innovation is complex. Z/Yen began studying successful and unsuccessful business innovation clustering some 15 years ago, and most recently in 2018 with the publication of the Smart Jurisdictions Index. Building on the results of that research we have created a novel factor assessment index based on three dimensions – innovation support, creative intensity, and delivery capability.
The SCI uses assessments from private and public sector individuals, along with 127 instrumental factors, to rate the centres. This is an important launch of a project that will grow substantially as more people pay attention to the ways centres can help globally innovative businesses thrive in rapidly changing times.
Smart Centres Index – Headlines
• London takes first place in the index, with New York second, and Singapore in third place.
• Five of the top ten places in the ranking are taken by US centres.
• Chinese centres do not feature as strongly as we might have expected, and score on average lower for Innovation Support than their overall rating.
• The great majority of centres featured in SCI 1 are located in North America, Asia/Pacific, and Western Europe.
To see the top 15 centres in SCI 1 and for more details visit here.
