From Tokyo to Silicon Valley: Exploring the Powerhouses of Global Innovation

In 2023, there were different innovations in the world of technology, from more accurate CRISPR gene editing in the medical field and super fast growth of ChatGPT in the tech space and AI all over the world. World Intellectual Property Organization (WIPO) in its "Global Innovation Index" has listed the top 100 hubs that experience exponential growth in science and technology fields. These hubs were ranked on the basis of their shares of patent applications and number of publications on scientific research that have been published from these hubs.

It may not come as a surprise to see East Asian countries being at the top of science and technology hub lists. Tokyo-Yokohoma from Japan made 10% of the total patent applications that have been shared between 2018 to 2022. It shared 127,481 patent applications and 115,020 scientific publications in the world. Followed by Tokyo-Yokohama is Shenzhen-Hong Kong-Guangzhou from China with 113,482 patent applications and 153,180 publications. Seoul, South comes at third in the list, followed by two hubs from China, Beijing and Shanghai-Suzhou.

Innovation Unleashed: A Deep Dive into the Global Tech Hub Rankings

The first hub of the US in the list is at fifth position and it is in the San Francisco Bay Area. It is because this area has many tech based companies like Adobe, eBay, Google and PayPal. There were only 21 US technology hubs in the list. China topped the list of top 50 technology hubs with 24 of its areas. Germany was the third highest, with 9 technology and scientific hubs. In addition to this, almost all tech areas in China rose in their rankings, except for Beijing that got one place down.

According to this index, the US is leading in terms of research and development (R&D) expenditure, followed by China, Japan, Germany and the Republic of Korea.

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