“Which cities are innovation economy winners? 2thinknow Annual Innovation Cities Index released today.”
RELEASED MONDAY 6:01 PM EDT (New York) / TUESDAY 12:01 AM CET (Paris) / TUESDAY 9:01 AM AEST (Melbourne)
2THINKNOW // MELBOURNE, AUSTRALIA — Boston came first again in a field of 331 cities in the Innovation Cities Global Index. This year’s top cities were rounded out by San Francisco Bay Area, Paris, New York and Vienna, as the 5th annual index was released today by analysts from innovation agency 2thinknow. 2thinknow is based in Melbourne, Australia.
Organisation for Economic Co-operation and Development (OECD) data identified innovation as the key driver of economic recovery from previous recessions and downturns for nations, and 2thinknow’s annual index extends this to cities.
According to 2thinknow Executive Director, Christopher Hire, “2thinknow identify key city innovation in amidst moribund national economies. 2thinknow analysts specialise in city-level data measuring city-centric economic activity. Our Innovation Cities Framework model assumes specific cities will perform out of pattern with nations, as nations enter or exit economic malaise, or multi-speed economies.”
Benchmarked cities are scored and classified by 2thinknow annually based on their ability to generate product, process, service and other innovation types across an urban economy.
“City innovation turns into economic good news in 2 to 5 years for many industries.”
The analysts first named Boston as the second-top global innovation destination in 2007. In 2011, the analysts stated that Boston’s dominant institutions Harvard and MIT, business, and strengthening start-up and arts network kept the city number one overall globally. In Canada, Nexus city Toronto moved up two places to 10th globally. Montreal joined Seattle and Los Angeles as North American Nexus cities for the first time.
In Asia, Hong Kong climbed to 15th globally and first Nexus in Asia, ahead of Australia’s city economies represented by Melbourne and Sydney, at 17th and 20th respectively. A weakened Tokyo moved temporarily down to 22nd place ahead of a steady Shanghai (24) among a record 24% Asian Nexus cities, also including Seoul. China’s economic performance to date was reflected by more Chinese cities than ever in the global Index, and the entry of cities like Wuhan and Chengdu for the first time.
In 2011 the Index foresees stronger U.S. innovation performance over 2 to 5 years, based on mid-size city businesses seeking innovation opportunities in global cities. 2thinknow noted that across the USA, most major U.S. cities were likely to be globally competitive Node or above, by meeting mid-level benchmarks for innovation. The analysts identified Human Infrastructure and Cultural Asset investment as key to stronger U.S. innovation performance.
European cities continued to place well, often indicating a separation between city and national performance. Germany’s Munich continued climbing up to 7th place from 15th. Amid struggling UK cities London improved to 11th from 14th, as Manchester (32nd) rose to Nexus status for the first time.
Most Barcelona (19), Milan (16), Madrid (52) and Torino (80) ranked counter to poor national trends for Italian and Spanish cities. Other top tier European Nexus cities listed included Amsterdam (6), Lyon (8), Copenhagen (9), Frankfurt (12), Hamburg (13) and Berlin (14).
According to 2thinknow, Executive Director, Christopher Hire, the “Innovation Cities Global Index measures cities as innovation economies. This goes beyond technology or patents alone. 2thinknow analysts also collect data on assess transport, universities, arts, design, sustainability, economics, start-up facilities, labor as well as other factors to measure the opportunities cities offer their citizens. We aim to measure cities economic opportunity not nations.”
The top 10% of 331 cities were classified as Nexus cities by the analysts. Nexus cities were the analysts best general destinations for innovation, followed by the next 73 Hub cities named as challengers in many sectors of the city economy.
Global Hub cities rising in the analyst rankings this year included Bordeaux, Vancouver, Budapest, Tel Aviv, Orlando and Shenzhen. Well-known cities the analysts discounted significantly this year included St Petersburg, Moscow and Buenos Aires (replaced in South America by São Paulo). Russia’s Nizhny Novgorod technology city and Rostov-na-Donu entered the Index for the first time, as Mumbai became India’s first Hub city. Cape Town this year became the first African Hub city. Adelaide in Australia also became an Asian Hub based on new investment activity.
The balance of cities were classified as Node cities or in two lower performance bands. According to the analyst’s classification, Node cities are globally competitive for innovation. The lower two bands of Upstart and Influencer were names as strong classifications for developing cities.
In 2011 there were 331 cities benchmarked for innovation, up from 289 cities in 2010 and compared with 256 cities in 2009. The top 125 cities were ranked by the analysts based on 21 current global trends, listed in the accompanying Innovation Cities Analysis report. The indicators framework, models and global analysis of trend impact were also outlined in the report. 2thinknow launched the index in 2007 and expanded the index in 2009 to 289 cities.
Each year, the global index and top rankings are released with four regional indexes, that classify and rank the top cities for North & South America, Europe, Asia and Emerging regions. In 2007 the analysts predicted the Global Financial Crisis as a “September (2008) shock event”, and Indexes predicted London’s fall and foresaw counter-cyclical strong performance of German and French cities overall.
Cities move in the Index rankings over 2 or 3 year periods. According to the analysts innovation potential realised in 2011 translates into economic benefits in 2013 to 2016, and social benefits after this period.
The analysts noted that city performance can be faster to turn around than overall national performance.
+61 3 86780319
TIME: Melbourne, Australia (AEST)
Rapid email: email@example.com
2thinknow is the world’s first innovation agency established in Melbourne in 2006. The Innovation Cities Program by 2thinknow commenced in 2007 from 2005 research. 2thinknow develops innovative data collection and analysis techniques based on sector innovation by city location.
2thinknow delivers City Benchmarking Data, analyst reports, the Innovation Course and other innovation services to city, business and government clients. See http://www.2thinknow.com
INDEXES TEXT LINKS
Notes for Editors
2thinknow’s city benchmarking data set contains 1,540 cities. In 2011, the number of cities appearing in the yearly published scores and rankings was 331, up from 289 cities in 2010. The new inclusions reflected previously omitted destinations in the Emerging, Asian and Americas regions. There is a base level of development, population and services required to appear in the Index.
The Innovation Cities™ Index purpose is to measure the development of innovation economies globally. The index measures the 3 factor preconditions for innovation — Cultural Assets, Human Infrastructure and Networked Markets.
To make it easy to read the indexes 2thinknow publish a global top 100, global full, and 4 regional indexes: Americas, Asia, Europe and Emerging. 2thinknow also will publish again this year national innovation economy statistics based on how many cities are represented and their relative influence on the innovation economy at a national and regional level. These are only in beta stage, as we will need to add more information regarding excluded cities for a comprehensive national picture.
Quick facts about the Index.
- The worldwide rankings are produced annually by analysts at innovation consulting analysts, 2thinknow.
- The index is not a survey, but is independently researched by 2thinknow analysts.
- The index was first produced in 2007 with 22 cities from 95 profiled.
- City benchmarking data, contains all global cities benchmarked on 162 city indicators.
- Data is updated between April and September, with more than 50% of indicators being refreshed in this period.
- Explanation of the 162 city indicators, and how cities can become innovation economies are contained in the Innovation Cities Analysis Report, from 2thinknow. http://report.innovation-cities.com
- All cities scores are weighted against 21 current change trends (detailed and available in the report).
Reproducing the Index
The indexes and supporting materials are copyright and used under license by 2thinknow. You may reproduce the statistics and indexes in any reasonable form, graphics, or data mash-up as long as you attribute it to 2thinknow and do not modify the numbers or otherwise mislead. Print journalists can attribute in the standard fashion, or the other easy way to do this online is as follows:
Source: 2thinknow Innovation Cities™ Program: www.innovation-cities.com [or the link of the page you are referencing]
2thinknow do reserve all rights, including the right to ask content to be removed.
City Benchmarking Data.
City benchmarking data can be used to create your own indexes or rankings. This can ordered by contacting 2thinknow for single city data-sets, or comparisons between any cities on 1 segment or all segments of the economy. There are 31 industry and community segments.
City ranking Tables / Lists for reproduction.
Links to the cities indexes & national statistics
Attribute to: “INNOVATION CITIES INDEX(ES) 2011”
Innovation Cities™ Top 100 Index (Top 33 Nexus cities listed).
Nexus cites are the top 10% of cities worldwide listed in the annual index for 2011.
GLOBAL CITY STATE COUNTRY REGION CLASSIFIED BAND SCORE --------------------------------------------------------------------------------------- 1 Boston MA United States AMERICAS 1 NEXUS 29 2 San Francisco Bay Area CA United States AMERICAS 1 NEXUS 29 3 Paris France EUROPE 1 NEXUS 29 4 New York NY United States AMERICAS 1 NEXUS 29 5 Vienna Austria EUROPE 1 NEXUS 28 6 Amsterdam Netherlands EUROPE 1 NEXUS 28 7 Munich Germany EUROPE 1 NEXUS 28 8 Lyon France EUROPE 1 NEXUS 27 9 Copenhagen Denmark EUROPE 1 NEXUS 27 10 Toronto Canada AMERICAS 1 NEXUS 27 11 London United Kingdom EUROPE 1 NEXUS 27 12 Frankfurt Germany EUROPE 1 NEXUS 27 13 Hamburg Germany EUROPE 1 NEXUS 27 14 Berlin Germany EUROPE 1 NEXUS 26 15 Hong Kong Hong Kong ASIA 1 NEXUS 26 16 Milan Italy EUROPE 1 NEXUS 26 17 Melbourne VIC Australia ASIA 1 NEXUS 26 18 Stuttgart Germany EUROPE 1 NEXUS 26 19 Barcelona Spain EUROPE 1 NEXUS 25 20 Sydney NSW Australia ASIA 1 NEXUS 25 21 Stockholm Sweden EUROPE 1 NEXUS 25 22 Tokyo Japan ASIA 1 NEXUS 25 23 Rome Italy EUROPE 1 NEXUS 25 24 Shanghai Shanghai China ASIA 1 NEXUS 25 25 Seattle WA United States AMERICAS 1 NEXUS 25 26 Singapore Singapore ASIA 1 NEXUS 25 27 Strasbourg France EUROPE 1 NEXUS 25 28 Seoul Korea, South ASIA 1 NEXUS 25 29 Los Angeles CA United States AMERICAS 1 NEXUS 25 30 Kyoto Japan ASIA 1 NEXUS 25 31 Montréal Canada AMERICAS 1 NEXUS 25 32 Manchester United Kingdom EUROPE 1 NEXUS 25 33 Philadelphia PA United States AMERICAS 1 NEXUS 25
Innovation Cities™ Index: Top 33 Nexus cities 3 factor
These are 3 factor scores for the top 33 Nexus cities.
|CITY||STATE||COUNTRY||Cultural Assets||Human Infrastructure||Networked Markets||Rank Move|
|San Francisco Bay Area||California||United States||9||10||10||UP|
|New York||New York||United States||10||9||10||UP|
|Hong Kong||Hong Kong||Hong Kong||8||9||9||UP|
|Los Angeles||California||United States||8||8||9||UP|
|Cultural Assets: Arts, culture, sports, music,environment, parks, spaces and creative factor|
|Human Infrastructure: Industry, business, manufacturing, technology, start-ups, retail, utilities, transport, mobility and implementation factor|
|Networked Markets: Economic, military, trade and global network connection factor|
You should know (Disclaimer)
The Innovation Cities Indexes (the “Indexes”) are for information purposes only and are intended for as a general purpose ranking measuring the relative importance of cities to the innovation economy. Practise in this area is continually changing and emerging, so the methodologies and processes change from year to year, and the availability of data changes from city to city.
While the Indexes have been prepared based upon the best available information, they are provided on an “as-is” basis, and 2thinknow accepts no responsibility/liability for the validity/accuracy (or otherwise) of the resources/data used to compile the Indexes. In no event will 2thinknow be liable to for any decision made or action taken in reliance of the results obtained through the use of, or the information and/or data contained in or provided by, the Indexes.
2thinknow and its representatives make no representations or warranties with respect to the Indexes, and disclaim all express, implied and statutory warranties of any kind, including, but not limited to, representations and implied warranties of quality, accuracy, timeliness, completeness, merchantability, and fitness for a particular purpose.
Note: Those seeking more detailed data of comparative city performance should purchase City Benchmarking Data from 2thinknow, and create indexes tailored to their specific circumstances.