Singapore a Global Innovation Champion, Says CTA

Singapore a Global Innovation Champion, Says CTA

SINGAPORE – April 5, 2018 – A new global ranking from the Consumer Technology Association (CTA) identifies Singapore is one of 13 countries earning the designation of 2018 Innovation Champion. CTA’s inaugural Innovation Scorecard identifies critical areas of national policy that spur innovation and reveals the areas in which countries may be stunting their own futures and economic growth.

“The trend lines are clear – Innovation is encouraged where governments, such as Singapore’s, are hospitable to new ideas, where people enjoy great freedom and clean environments and where innovators are embraced,” said Gary Shapiro, CEO and president, CTA. “Countries’ futures are tied to innovation, because it will bolster economic growth and provide future generations with the jobs they want. Graduates entering the work force today don’t necessarily want to stay in the factory jobs of previous generations – they want to use their creativity and curiosity to build brighter futures worldwide.”

CTA, the largest U.S. tech trade association, conducted a comparative analysis of 38 countries and the European Union. In addition to Singapore, CTA’s Scorecard named Australia, Austria, Denmark, the United Kingdom, Sweden, United States, Portugal, Finland, New Zealand, Canada, the Czech Republic and the Netherlands as global Innovation Champions.

Singapore earned the fourth-highest composite score in the Scorecard. It was also one of only three countries to receive an ‘A’ grade or higher in Diversity, with the highest percentage of immigrants as a share of its population — a remarkable 45.4 percent. The report also notes Singapore makes no secret of its desire to become a leader in self-driving vehicles, hosting the first-ever self-driving taxi service in 2016.

Although Singapore scores very well in the Scorecard, the country could take actions to be more hospitable to the sharing economy. Would-be ridesharing drivers are subject to unnecessary licensing and testing requirements, and short-term renters face federal length-of-stay limits.

The Scorecard uses several objective criteria including whether governments welcome disruptive business models and technologies such as the sharing economy and self-driving vehicles; how friendly their tax systems are; how well they protect the environment; and issues of perennial importance such as broadband speed and cost. The Scorecard also gauges countries on diversity; the ratio of female-to-male employees in the workplace in key age demographics; immigrants as a share of the national population; and freedom of thought and expression.

Other key international findings, ranked by grade, include:

·         The countries that have, on average, the fastest and most affordable internet connections are the United Kingdom, Finland, South Korea, Sweden, Germany, Denmark, Austria and the Netherlands
·         The countries with the highest level of entrepreneurial activity are Australia, the United Kingdom, New Zealand, the United States, Singapore, Ireland and Sweden
·         The countries leading the way in self-driving vehicle policy are Australia, Austria, the Czech Republic, France, Germany, Japan, the Netherlands, New Zealand, Singapore, South Korea, Spain, Sweden, the United Kingdom and the United States

CTA considered a range of indicators to determine the final roster of countries. The Scorecard evaluates countries that fit two guidelines: the government must be able to influence public policy; and publicly available, verifiable and independent third-party data must exist and can be compared with different nations. In future editions, CTA will expand the scope of the Scorecard and include more countries.

To read more about the Scorecard, visit

About CES Asia:
Owned and produced by the International CES (Shanghai) Exhibition Co. Ltd. and co-produced by Shanghai Intex Exhibition Co., Ltd (Shanghai Intex), CES Asia is the premier event for the consumer technology industry, showcasing the full breadth and depth of the innovation value-chain in the Asian marketplace. Key global businesses come to this new event to grow and reinforce their brand by showcasing the latest products and technologies to consumer tech industry executives, foreign buyers, international media and a limited number of consumers from China. Attendees have exclusive access to some of the largest brands from China and around the world, while celebrating the innovation that defines the consumer technology sector.

About International CES (Shanghai) Exhibition Co. Ltd. and CTA:
International CES (Shanghai) Exhibition Co. Ltd. is a wholly foreign-owned enterprise by the Consumer Technology Association (CTA), a trade association representing the $321 billion U.S. consumer technology industry, which supports more than 15 million U.S. jobs. More than 2,200 companies – 80 percent are small businesses and startups; others are among the world’s best known brands – enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES® – the world’s gathering place for all who thrive on the business of consumer technologies. Profits from CES are reinvested into CTA’s industry services.

About Shanghai Intex:
Shanghai Intex Exhibition Co., Ltd was originally the exhibition organizing business of Shanghai Intex, a pioneering exhibition organizer established in 1995. Shanghai Intex is jointly overseen by the China Council for the Promotion of International Trade (CCPIT) Shanghai and PNO Exhibition Investment (Dubai) Limited. Starting in 1998, Shanghai Intex has organized over 100 trade shows and conferences with a sum total exhibition space in excess of 2 million sqm. Shanghai Intex is comprised of professional teams with a wealth of experience in organizing major international events, covering the creative industry, healthcare, lifestyle, advanced manufacturing and consumer electronics.


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