RELEASE: LONDON TOPS NEW YORK, TOKYO FOR INNOVATION – HOME OF 'NEXT' APPLE

LONDON TOPS NEW YORK, TOKYO FOR INNOVATION – HOME OF NEXT APPLE IN LEAD INDEX

10th Annual Innovation Cities Index 2016-2017 Released

2THINKNOW // MELBOURNE, AUSTRALIA — London extended its lead over New York and a resurgent Tokyo to be named the world’s most innovative city in 2016-2017 in the 10th annual Innovation Cities Index, released by global innovation data agency 2thinknow in Melbourne today.

The top three cities surpassed previous winner Silicon Valley (San Francisco-San Jose) and twice winner, Boston. Rounding out the top ten cities globally, were Los Angeles, Singapore, and Toronto, followed by Paris and surprisingly Vienna, which was ranked highly on economic and social innovation.

“What really surprised us this year, was the resurgence of Tokyo, moving up to eclipse rival cities liken Boston. They showed clear promise,” 2thinknow’s Director of Data, Christopher Hire stated. “Vienna and Paris have a long history of resurgence and innovation, so we shouldn’t rule out their eventual climb to number one global city in a few years, proving that innovation can come from cities all over the world.”

LONDON LEADERSHIP

“London’s clear repeat victory indicates a strong view of innovation and focus on observation of democracy, in embracing the results of ‘Brexit’ – showcasing the importance of an orderly acceptance of the results of democratic process, and a new British ‘stiff upper lip’ resilience to unprecedented change.”

The index classified 500 cities into four bands for innovation based on scores derived from 162 indicators for measuring conditions conducive to creating innovation in a city. The top band was ‘Nexus’ cities of which there were 53 cities. There were 125 cities in the next ‘Hub’ category. 260 cities were in the next globally competitive ‘Node’ category.

After the classification process, the cities are ranked by the analysts.

“This year innovation can come from more locations than ever, due to digital cities a broader number of cities score within the second ‘Hub’ classification which means our data and analysis found greater competition between cities below the top few percent of ‘Leadership’ Cities which have separated from the pack. Innovation often has peaks and valleys, with massive variations within nations and regions.”

GOOD NEWS? THE NEXT APPLE

“The good news is that, ‘garage innovators’ in the top Nexus and Hub cities have a better chance than ever to see their ideas become global, much like Apple did, starting in their garage with little or no financial investment.”

Nine of the top Nexus cities were in Asia, including Seoul (11), Sydney (14), Beijing (30) and Osaka (50). In North America, Dallas-Ft. Worth (16) and Atlanta (18) improved dramatically in ranking, and ten more North American cities replaced European cities this year. Fast-rising top-ranked cities were Barcelona (13), Dallas-Ft.Worth (16), Houston (22), Madrid (23), Beijing (30) and Denver (42).

Another key observation in the analysis was ‘Recovery cities’, which was shown with the inclusion of cities such as Detroit and Athens (climbing 223 places) based on renewed economic activity.

“Our index is often a lead index – in 2009, we predicted the resilience of German cities. Cities that do well in our index can go on to be recognised in other indexes. We see our index is a trendsetter that forecasts future progress. Right now we can see Detroit, Buenos Aires and Athens are showing strong recovery signs across all the underlying data. It seems innovation is leading to early stage economic improvement which has greater flow on effects for these cities, which is really exciting to see,” Hire concluded.

The Index has been published annually since 2007 by commercial data provider, 2thinknow to measure each cities pre-conditions for innovation.

Behind the index is the analyst’s insight that cities with higher rates of innovation will experience higher economic output, and be perceived as the best destinations to invest in commercial product, service or social innovation without a specific industry focus.

Besides the global index the regional indexes produced a wide variety of results in four key global regions. All indexes are published on www.innovation-cities.com/indexes

-Ends-

SPOKESPERSON

Christopher Hire
Director Data, 2thinknow
Melbourne +61386780319 California +16692413435 Vienna +43720775886
media@2thinknow.com (Email for Report excerpt and Excel rankings)

BACKGROUND

Over 75% of cities, with a population of over one million residents monitor the Innovation Cities Index results, and many major entities such as Samsung, PWC, Brookings Institution, UN-Habitat and Jones Lang LaSalle use the Index results to assess broad-based city innovation.

2thinknow supplies raw data to Fortune 500 corporations and leading management consultants to assist them with making key business decisions.

Melbourne based company 2thinknow was started in 2006 as a commercial data provider and training organization, who have modeled the innovation process based on city data. www.2thinknow.com

JOURNALIST RESOURCES:

*** Journalist-only preliminary report and Excel rankings available email media@2thinknow.com ***

Explanatory Resources: Annual Overview | FAQ | 162 Indicators | Classifications

Full 2016-2017 Indexes: Top 100GlobalAmericas | EuropeAsiaEmerging

Plain Text links:

GLOBAL 500: http://www.innovation-cities.com/?p=9774

TOP 100: http://www.innovation-cities.com/?p=9779

AMERICAS: http://www.innovation-cities.com/?p=9775

EUROPE: http://www.innovation-cities.com/?p=9777

ASIA: http://www.innovation-cities.com/?p=9778

EMERGING: http://www.innovation-cities.com/?p=9776

Journalist-limited preliminary report and Excel rankings available email media@2thinknow.com

Simple Table for Reproduction

(Attribute to Innovation Cities™ Index by 2thinknow).

Rank City Name State Province Country Class. Score /60
1 London United Kingdom 1 NEXUS 60
2 New York New York United States 1 NEXUS 59
3 Tokyo Tokyo Japan 1 NEXUS 56
4 San Francisco – San Jose California United States 1 NEXUS 56
5 Boston Massachusetts United States 1 NEXUS 56
6 Los Angeles California United States 1 NEXUS 55
7 Singapore Singapore Singapore 1 NEXUS 54
8 Toronto Ontario Canada 1 NEXUS 54
9 Paris Île-de-France France 1 NEXUS 54
10 Vienna Vienna Austria 1 NEXUS 53
11 Seoul Seoul South Korea 1 NEXUS 53
12 Amsterdam Netherlands 1 NEXUS 53
13 Barcelona Spain 1 NEXUS 53
14 Sydney NSW Australia 1 NEXUS 53
15 Munich Germany 1 NEXUS 53
16 Dallas-Fort Worth Texas United States 1 NEXUS 52
17 Berlin Germany 1 NEXUS 52
18 Atlanta Georgia United States 1 NEXUS 51
19 Montréal Quebec Canada 1 NEXUS 51
20 Chicago Illinois United States 1 NEXUS 51
21 Seattle Washington United States 1 NEXUS 51
22 Houston Texas United States 1 NEXUS 50
23 Madrid Spain 1 NEXUS 50
24 Vancouver British Columbia Canada 1 NEXUS 50
25 Melbourne VIC Australia 1 NEXUS 50
26 Miami Florida United States 1 NEXUS 50
27 Washington DC District of Columbia United States 1 NEXUS 50
28 Dubai United Arab Emirates 1 NEXUS 49
29 Milan Italy 1 NEXUS 49
30 Beijing Beijing China 1 NEXUS 49
31 Stockholm Sweden 1 NEXUS 49
32 Shanghai Shanghai China 1 NEXUS 49
33 Copenhagen Denmark 1 NEXUS 49
34 Philadelphia Pennsylvania United States 1 NEXUS 49
35 Hong Kong Hong Kong China 1 NEXUS 48
36 San Diego California United States 1 NEXUS 48
37 Tel Aviv Israel 1 NEXUS 47
38 Stuttgart Germany 1 NEXUS 47
39 Oslo Norway 1 NEXUS 47
40 Hamburg Germany 1 NEXUS 47
41 Frankfurt Germany 1 NEXUS 47
42 Denver Colorado United States 1 NEXUS 47
43 Moscow Moscow Russia 1 NEXUS 47
44 Lyon Rhône-Alpes France 1 NEXUS 46
45 Manchester United Kingdom 1 NEXUS 46
46 Helsinki Finland 1 NEXUS 46
47 Austin Texas United States 1 NEXUS 46
48 Portland Oregon United States 1 NEXUS 46
49 Dublin Ireland 1 NEXUS 46
50 Osaka Osaka (excludes Kobe) Japan 1 NEXUS 46
51 Rome Italy 1 NEXUS 46
52 Zürich Switzerland 1 NEXUS 46
53 Prague Central Bohemian Region Czech Republic 1 NEXUS 46
54 Leipzig Germany 2 HUB 45
55 Oakland California United States 2 HUB 45
56 Cologne Germany 2 HUB 45
57 Québec Quebec Canada 2 HUB 45
58 Raleigh-Durham North Carolina United States 2 HUB 45
59 Brisbane QLD Australia 2 HUB 45
60 Buenos Aires Buenos Aires Argentina 2 HUB 45
61 Orlando Florida United States 2 HUB 45
62 Düsseldorf Germany 2 HUB 45
63 Phoenix Arizona United States 2 HUB 45
64 Brussels Brussels Belgium 2 HUB 45
65 Baltimore Maryland United States 2 HUB 45
66 Las Vegas Nevada United States 2 HUB 45
67 Minneapolis-St Paul Minnesota United States 2 HUB 44
68 Abu Dhabi United Arab Emirates 2 HUB 44
69 Shenzhen Guangdong China 2 HUB 44
70 Kyoto Kyoto Japan 2 HUB 44
71 Budapest Hungary 2 HUB 44
72 Taipei Taiwan Taiwan 2 HUB 44
73 Lisbon Portugal 2 HUB 44
74 Athens Greece 2 HUB 44
75 St Petersburg St Petersburg Russia 2 HUB 44
76 São Paulo São Paulo Brazil 2 HUB 44
77 Detroit Michigan United States 2 HUB 44
78 Busan South Korea 2 HUB 44
79 The Hague Netherlands 2 HUB 44
80 Sacramento California United States 2 HUB 44
81 Istanbul Turkey 2 HUB 44
82 Perth WA Australia 2 HUB 44
83 Calgary Alberta Canada 2 HUB 43
84 Mexico City Mexico City Mexico 2 HUB 43
85 Salt Lake City Utah United States 2 HUB 43
86 Kansas City KS/MO United States 2 HUB 43
87 Edinburgh United Kingdom 2 HUB 43
88 Warsaw Poland 2 HUB 43
89 Auckland Greater Auckland New Zealand 2 HUB 43
90 Mumbai Maharashtra India 2 HUB 43
91 Albuquerque New Mexico United States 2 HUB 43
92 Kuala Lumpur Kuala Lumpur Malaysia 2 HUB 43
93 Glasgow United Kingdom 2 HUB 43
94 Boulder Colorado United States 2 HUB 43
95 San Antonio Texas United States 2 HUB 43
96 Providence Rhode Island United States 2 HUB 43
97 Guangzhou Guangdong China 2 HUB 43
98 Riverside California United States 2 HUB 43
99 Tampa Florida United States 2 HUB 43
100 Pittsburgh Pennsylvania United States 2 HUB 43