SINGAPORE'S GLOBAL INNOVATION RANKING

Singapore’s business-friendly IP regime has helped bolster the confidence of leading global companies such as Procter and Gamble, Continental, and Mead Johnson, all of whom have selected Singapore as their location of choice for investments in business and research & development, citing the country’s strong protection of IP rights as a factor in their decisions. 

• The Global Innovation Index 2023, which ranks countries' innovation performance, ranked Singapore as the fifth most innovative nation in the world. Singapore continued to be ranked 1^st in innovation inputs and performed well in indicators it is traditionally strong in such as 'Institutions - institutional, regulatory and business environment' (ranked 1^st), 'Human capital and research' (2^nd, up from 7^th in 2022), 'Infrastructure' (8^th, up from 11^th in 2022), and 'Business Sophistication' (3^rd). View an overview of Singapore's performance  here, and our media statement here.
  
  
• Singapore is ranked second in the world and top in Asia for having the best IP protection in the World Economic Forum’s Global Competitiveness Report 2019. Overall, Singapore is ranked first as the world's most competitive country.
  
  
• The 2021 Bloomberg Innovation Index, which scores economies using factors including research and development spending, manufacturing capability and concentration of high-tech public companies, ranked Singapore second in the world.
  
  
• Singapore is ranked second on the International Property Rights Index 2022, which measures the strength of a country's property rights regime, including both intellectual and physical property rights.
  
  
• The World Trademark Review IP Office Innovation Ranking 2021 ranked Singapore third amongst 60 of the world’s leading IP offices, recognising them for innovation in various areas, including value-added propositions to their users, online capabilities and public outreach efforts. 

You may also like: