Singapore tops global innovation ranking of over 70 countries

Out of 25 countries that were named global innovation champions, Singapore received the highest composite score, a jump from its 15th position in 2023. - ST

LAS VEGAS: Singapore has been named the world’s most innovative country, taking first place in a ranking of nations based on wide-ranging indicators such as workforce education level and new business creation rate.

It overtook the US to top the latest Global Innovation Scorecard, a biennial ranking of 74 countries and the European Union that the Consumer Trade Association (CTA), a US trade body, has tabulated since 2019.