The Rise in Asia Innovation Centers - Infographic

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Asia has for the first time overtaken Europe in its number of innovation centers built and operated, with the region now host to nearly a third (29%) of all such centers globally. In our latest analysis, Asia added more innovation centers than any other region. So strong is Asia’s growth that it could soon overtake the US as the biggest hub of innovation centers, if it continues to grow at the same rate. The availability of talent is a key driver for growth. Of the 14 new Fintech innovation centers established globally between March and October 2016, 5 of these were in Asia as organizations look to tap into the region’s talent pool to meet changing customer needs. Four out of the nine new artificial intelligence (AI) focused innovation centers in the March-October 2016 period were opened in Asia. Asia’s increasing influence is also due to a culture of technology-driven innovation and Government support. This has led to heavy investment not only from Asian companies, but from Europe and US-based giants too. Five key innovation hubs – Singapore, Bangalore, Shanghai, Tokyo and Tel Aviv – are driving Asia’s rise; these five cities in our global top 10 rankings together account for 36% of all Asian innovation centers.

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The Rise in Asia Innovation Centers - Infographic

  1. 1. The SPREAD OFINNOVATION An Ever Increasing Appetite for Innovation Centers Note: 88 innovation centers opened or announced to be opened between March 2016 and October 2016 Silicon Valley’s Leadership is Contested… …As Asia Becomes the New Innovation Magnet 321 4No. of Centers 5 6 7 Legend *Maps not to scale Asia Bangalore (3) Abu Dhabi (1) Dubai (1) Hyderabad (2) Nanjing (1) Busan (1) Shanghai (2) Tokyo (2) Hung Hom (1) Makati (1) Singapore (4) Tel Aviv (2) Pune (2) Jaipur (2) North America Toronto (2) Waterloo (1) Philadelphia (2) Cinnaminson (1) Baltimore (1) New Jersey (1) Pittsburgh (1) Atlanta (3) Melbourne, Florida(1) Orlando(1) Silicon Valley (7) Ione (1) Salt Lake City, Utah (1) Australia Melbourne (1) Johannesburg (2) Cape Town (1) Lagos (1) AfricaWestern Europe Paris (2) Kemptthal (1) Wetzlar (1) London (2) Kettering (1) Surrey (1) Telford (1) Manchester (1) Spread across Trondheim, Ålesund and Gjøvik (1) Greenfield (1) 15% 13% 13% 30% 29% 26% 30% 31% 32% 25% 27% 29% Jul-15 Feb-16 Oct-16 Rest of the World Europe US Asia Asia Overtakes Europe and Becomes the Second Biggest Innovation Destination.... 4 out of top ten countries are from Asia Half of top ten cities are based in Asia 56% of world’s total patent grants India is the Number 1 Innovation Destination in Asia and Number 2 in the World for New Innovation Centers July 2015 February 2016 October 2016 Silicon Valley’s Share of Innovation Centers 18% 16% 14% 301 368 456 2 3 3 3 3 4 5 7 9 33US India UK China Singapore Canada Indonesia Israel South Africa France Newly Opened Innovation Centers (March – October 2016) - Top 10 Countries Europe is Losing Ground Barring UK How Asia Now Rivals Silicon Valley as New Home to Global Innovation Centers Europe - % of Total Innovation Centers RoW Europe Major European Countries - % of European Innovation Centers Europe continues to fall as a % of total innovation centers even as the number of centers rise Despite Brexit, UK is growing as a fraction of the European centers Rest of Europe UK France Germany Innovation Center Heatmap Total Innovation Centers and Growth - Major Sectors Growth rate for the period March 2016 – October 2016 (Total) 180 88 64 31 28 28 Manufacturing Telecom Financial Services Automotive Electronics and IT Consumer Products and Retail 11% 5% 31% 15% 100% 17% Manufacturing Firms Lead Innovation centers should be a part of the innovation strategy and not the sole source of innovation What innovation centers should be... Built in a way that they are scalable ...And what they should avoid being A node in the organizational innovation stratergy Ecosystems builders Bottomless pit for investment Just another silo Looking inwards into their sector July 2015 February 2016 October 2016 Total Innovation Centers 301 368 456 Tokyo, Shanghai and Atlanta Share the same rank | Tel Aviv and Toronto Share the same rank around the World: https://www.capgemini-consulting.com/resources/rise-in-asia-innovation-centers http://www.slideshare.net/capgemini/rise-in-asia-innovation-centers R R 02 03 04 05 06 07 08 09 01 10 Top 10 Locations In June 2015 Silicon Valley London Singapore Tokyo Shanghai Berlin Munich Tel Aviv Chicago Paris Silicon Valley London Paris Singapore Bangalore Tokyo Shanghai Berlin Munich Boston Silicon Valley London Singapore Tokyo Atlanta Tel Aviv Toronto Bangalore Shanghai Paris Top 10 Locations in February 2016 Top 10 Locations In October 2016 July 2015 February 2016 October 2016 211 15 20 1990 260 22 22 21106 337 29 24 22 17% 22% 21% 21% 21% 20% 24% 20% 18% 26% 29% 30% 119 36 41 44

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