CTA said its scorecard measures countries on the basis of their political, economic, and demographic realities to see how well placed they are to fuel tech innovation, with the latest edition evaluating countries on a wider range of metrics than before.
While the 2023 scorecard had 40 indicators, the latest one had 56, comprising a range of data sources from agencies such as the World Trade Organisation, World Intellectual Property Organisation, and United Nations Conference on Trade and Development.
Singapore achieved top scores in four of the 16 categories measured: business environment resilience and data transparency; the pro-innovation nature of its legal environment; its friendliness towards startups and small businesses; and its tax policies for companies.
The Republic also scored well in other categories, such as the ethnic and immigrant diversity of its workforce; openness to telehealth and cross-border data flows; and broadband speeds.
CTA chief executive Gary Shapiro said in a brief ceremony that the scorecard looked at whether countries have the conditions that catalyse their innovators to invent a better future.
“That means not just evaluating the investment in cutting-edge sectors or red tape for startups, but also recognising that countries that ensure freedom of speech create opportunities for workforce diversity and respect people’s fundamental freedoms,” he said.
“By celebrating the best of the best, our innovation champions, we encourage other countries to follow their lead.”
As always, the countries that rank highest on the scorecard demonstrate the best of collaboration between government and industry, added Mr Shapiro.
In a Facebook post on 9 January, trade agency Enterprise Singapore said the Republic is proud to be the highest-scoring innovation champion of all the countries evaluated.
“This top honour recognises Singapore’s skilled workforce, advanced broadband connectivity, entrepreneurial climate, and openness to new technologies,” it said.
