US had topped the list in 2013
To note, the US had topped the first such list in 2013 but this year, it has been ranked at 11th position. China slipped by one rank, settling at the 16th position.
Sweden, Denmark, Israel, Finland, the Netherlands, and Austria took the fifth, sixth, seventh, eighth, ninth, and tenth rank respectively.
Further, Uruguay, at 56th position, qualified for the first time ever.
Index
Seven equally-weighted parameters were used to judge nations
The index judges countries on the basis of seven equally-weighted parameters research and development intensity, manufacturing capability, productivity, high-tech density, tertiary efficiency, research personnel concentration, and patent activity.
South Korea has topped a list of the world s 60 most innovative economies. The country scored 90.four-nine out of 100 to regain the crown in this year s Bloomberg Innovation Index published on Wednesday, after coming second last year. It was followed by Singapore and Switzerland, both also moving up one spot from last year.
The U.S. ranked 11th.
Japan and China were 12th and 16th, respectively.
Bloomberg said its rankings show governments work to contain the virus and the level of digital infrastructure.
One expert says South Korea s return to first place is largely thanks to a strong performance in R&D and manufacturing.
Miami won’t be the next Silicon Valley because we don’t need another one TechCrunch 2/3/2021 Laura González-Estéfani
The rush of founders and investors from the West Coast to states like Texas and Florida are the precursor for something bigger, a movement decades in the making.
The future of startups is a decentralized, global ecosystem. Where wealth and knowledge isn’t concentrated, but shared and open. Where there aren’t capitals, but networks.
Miami has had a head start.
Let’s set the scene. Miami already ranks among the world’s most prominent (nontraditional) startup hubs, and 2020 saw more big names in tech migrate to Florida. Miami Mayor Francis Suarez has been spurring on the influx with an extremely popular Twitter campaign.
Laura González-Estéfani is the founder and CEO of TheVentureCity, an international, operator-led venture acceleration model designed to make the global entrepreneurial ecosystem more diverse, international and accessible to fair capital.
The rush of founders and investors from the West Coast to states like Texas and Florida are the precursor for something bigger, a movement decades in the making.
The future of startups is a decentralized, global ecosystem. Where wealth and knowledge isn’t concentrated, but shared and open. Where there aren’t capitals, but networks.
Miami has had a head start.
Let’s set the scene. Miami already ranks among the world’s most prominent (nontraditional) startup hubs, and 2020 saw more big names in tech migrate to Florida. Miami Mayor Francis Suarez has been spurring on the influx with an extremely popular Twitter campaign.