Innovation in Singapore
Singapore does well on the many global innovation rankings (e.g., it beat US and others to first place on one international innovation index by the Boston Consulting Group ), but the Singapore Competitiveness Report 2009 released by the Asia Competitiveness Institute at the Lee Kuan Yew School of Public Policy points out some weaknesses in the country’s innovation ecosystem. For example, Singapore’s prowess in math and science may not turn its students into the innovators and entrepreneurs needed to drive the economy in the long-run.
“Doing the math on innovation,” a Business Times article, discusses the report’s conclusions: While Singapore has established its tertiary and research institutions, and patenting and publication intensity has grown, entrepreneurship remains low and local rather than export-focused. Read more, here.