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Asia Business News Technology

Biggest Technology Clusters Remain in East Asia

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According to the World Intellectual Property Organisation’s (WIPO) Global Innovation Index (GII 2023), innovation investments showed a mixed performance in 2022, facing challenges and a downturn in innovation finance. The report says that outlook for 2023 and 2024 remains uncertain.

The index shows Indonesia (61st) joining China, Türkiye (39th), India (40th), Vietnam (46th), and the Philippines (56th), in the group of middle-income economies within the GII top 65. This is the group that has climbed the GII rankings fastest over the last decade.

According to the report, Finland (6th) is moving closer to the top 5, and other Nordic nations (Denmark 9th and Sweden 2nd) are also showing an upward trend.

The world’s five biggest science and technology clusters are all located in East Asia. Tokyo–Yokohama (Japan) continues to lead, followed by Shenzhen–Hong Kong–Guangzhou (China and Hong Kong, China), Seoul (Republic of Korea) and China’s Beijing and Shanghai–Suzhou.

Access the full report HERE.

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