Note: 88 innovation centers opened or announced to be opened between March 2016 and October 2016. Silicon Valley's Leade
R
The
SPREAD OF INNOVATION around the World:
How Asia Now Rivals Silicon Valley as New Home to Global Innovation Centers
An Ever Increasing Appetite for Innovation Centers Total Innovation Centers
456
368 368
301 301
July 2015
February 2016
October 2016
Innovation Center Heatmap North America
Toronto (2) Waterloo (1)
Philadelphia (2) Cinnaminson (1) Baltimore (1) New Jersey (1) Pittsburgh (1)
Greenfield (1)
Atlanta (3)
Silicon Valley (7) Ione (1) Salt Lake City, Utah (1)
Melbourne, Florida(1) Orlando(1)
Asia Busan (1) Nanjing (1)
Jaipur (2)
Tokyo (2)
Tel Aviv (2)
Shanghai (2) Hung Hom (1)
Abu Dhabi (1) Dubai (1)
Pune (2) Makati (1) Bangalore (3)
Hyderabad (2) Singapore (4)
Western Europe
Africa Lagos (1)
Spread across Trondheim, Ålesund and Gjøvik (1)
Cape Town (1)
Manchester (1)
Johannesburg (2)
Wetzlar (1)
London (2) Kettering (1) Surrey (1) Telford (1)
Australia Paris (2)
Kemptthal (1)
Melbourne (1)
*Maps not to scale Legend No. of Centers
1
2
3
5
4
6
7
Note: 88 innovation centers opened or announced to be opened between March 2016 and October 2016 Top 10 Locations In June 2015
Top 10 Locations in February 2016
Top 10 Locations In October 2016
01
Silicon Valley
Silicon Valley
Silicon Valley
02
London
London
London
03
Paris
Paris
Singapore
04
Singapore
Singapore
Paris
05
Tokyo
Bangalore
Bangalore
06
Shanghai
Tokyo
Tokyo
07
Berlin
Shanghai
Shanghai
08
Munich
Berlin
Atlanta
09
Tel Aviv
Munich
Tel Aviv
10
Chicago
Boston
Toronto
Tokyo, Shanghai and Atlanta Share the same rank | Tel Aviv and Toronto Share the same rank
Silicon Valley’s Leadership is Contested…
Silicon Valley’s Share of Innovation Centers
18%
July 2015
16%
14%
February 2016
October 2016
…As Asia Becomes the New Innovation Magnet Asia Overtakes Europe and Becomes the Second Biggest Innovation Destination....
29%
30%
Rest of the World Europe US Asia
32%
31%
30%
29% 26%
27%
25%
15%
13%
Jul-15
13%
Feb-16
4 out of top ten countries are from Asia
Oct-16
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
Newly Opened Innovation Centers (March – October 2016) - Top 10 Countries
33
US
9
India UK
7 5
China
4
Singapore Canada
3
Indonesia
3
Israel
3
South Africa
3 2
France
Europe is Losing Ground Barring UK
Europe - % of Total Innovation Centers
30% 90
Major European Countries - % of European Innovation Centers
July 2015
211
36
15 20 19 17% 22% 21%
29% 106
260
February 2016
41
22 22 21 21% 21% 20%
26%
119
29
44
October 2016
337
24
22
24% 20% 18%
RoW
Europe
Rest of Europe
UK
France
Germany
Despite Brexit, UK is growing as a fraction of the European centers
Europe continues to fall as a % of total innovation centers even as the number of centers rise
Manufacturing Firms Lead
Total Innovation Centers and Growth - Major Sectors 11% 180
5% 31%
88
64
15% 31
Manufacturing Telecom
Financial Services
100%
17%
28
28
Automotive Electronics Consumer and IT Products and Retail
Growth rate for the period March 2016 – October 2016 (Total)
Innovation centers should be a part of the innovation strategy and not the sole source of innovation ...And what they should avoid being What innovation centers should be...
