In the second Smart Centres Index (SCI 2), New York takes the top spot from London, while Singapore holds third place.
The top 10 centres in SCI 2 are all in countries with a high performing university sector across the fields of Engineering & Technology, and Mathematics, each having multiple universities rated in the top 20 worldwide in these subjects. A strong research and teaching base is important in building a technology and innovation culture.
An interesting point in the results is the high ratings of Oxford and Cambridge in the UK, which may highlight the importance of clustering, with these cities along with London forming a close network of academic and business development and collaboration.
- New York has taken first place in the index, with London dropping to second and Singapore retaining its third place.
- Three of the top ten places in the ranking are taken by US centres, and three are taken by UK centres, with Oxford and Cambridge rising in this edition of the index.
- The leading centres are strong across all three of the SCI dimensions - Innovation Support, Creative Intensity, and Delivery Capability.
- Chinese centres do not feature as strongly as we might have expected, and score on average lower for Innovation Support than their overall rating.
- The great majority of centres featured in SCI 2 are located in North America, Asia/Pacific, and Western Europe.
- Ten North American centres feature in SCI 2, and while New York rose one place to first, and Toronto rose two ranking places, other North American cities were overtaken in the index rankings.
- Along with ranking first overall, New York also ranks first in each of the three dimensions which make up the SCI.
- Two of the 15 Asia/Pacific centres in the index - Singapore and Hong Kong - feature in the world top 10.
- Hong Kong and Beijing rose in the SCI rankings, while other centres fell.
- The majority of Asia/Pacific centres scored lower for innovation support, including regulation, than their overall ranking in SCI 2.
- Some Chinese centres, including Shenzhen, which have strong technology ecosystems, do not feature as highly in the index as we might have expected. This may be because those rating Chinese centres know Hong Kong, Beijing and Shanghai better than other centres.
- Twenty centres in Western Europe feature in the index, with London, Oxford, Cambridge, Zurich, and Geneva in the global top 10. It is likely that Oxford and Cambridge have benefitted from their close proximity to London, and we will look carefully at their position as the index develops.
- The majority of Western European centres score higher for innovation support, including regulation, than their overall rank. This suggests that systems of public support for, and regulation of innovation and technology are a strength in the region.
- Only six of the centres in SCI 2 are from other regions of the world - Middle East & Africa, Eastern Europe & Central Asia, and Latin America & The Caribbean.
- Of these centres, new entrant, Tel Aviv, is rated highest in 11th place. Dubai, the second centre in this group rose 17 places to 17th.