In international surveys, be it the Global Innovation Index, the Bloomberg Innovation Index or even the World Economic Forum's Global Competitiveness Report, Singapore has ranked in the top three for the past four years. It is also significant that eighty of the world's 100 largest technology companies are headquartered in the city, including Google, Facebook and Alibaba, as well as regional leaders such as Garena, Grab and Razer, many of which leverage Singapore's infrastructure to access global markets.
The country's leaders have recognised from the outset that continuous technological innovation is key to ensuring Singapore's competitiveness, as it is a key driver of the country's economy. The country is rapidly becoming a smart nation, using digital smart technologies to create new jobs and business opportunities and transform the way people live, work and play. Smart nation also means fundamentally rethinking business models to make sweeping changes to achieve productivity gains and create new growth areas.
