The Smart Centres Index explores the ability of global commercial centres to create, develop, and deploy technology. Leading centres in the SCI are based in places which combine an innovative, cultural centre with a high-performing university sector across STEM subjects, supported by a well-developed regulatory, commercial, and financial services.
• Leading US and Western European centres show a strong performance. Asia/Pacific centres continue to lag slightly behind, which is surprising given the technology and science strengths of China in particular.
• New York maintained its first position in the index, with London second, and Hong Kong in third place.
• Five Western European centres feature in the top 10, with four from the US. Hong Kong is the only Asia/Pacific centre in the top 10.
• The average rating for all centres rose 2.3%, compared with SCI 4. Only five centres fell in the SCI ratings.
• Only five centres rose 10 or more places in the rankings in SCI 5, while nine centres fell 10 or more places.
• US centres generally rank lower for Creative Intensity than their overall rank; and Chinese and other Asia/Pacific centres score lower for Innovation Support, including regulation, than they do for the other dimensions.
The SCI is a factor assessment index, combining a number of instrumental factors – data measures drawn from a range of data providers across the world – and assessments given by business and finance professionals of three dimensions related to innovation and technology in major commercial and financial centres:
• Innovation Support – the approach taken to regulation and support for the innovation and technology industry provided by the commercial ecosystem.
• Creative Intensity – the extent to which technology and innovative industries are embedded in the economy of the centre.
• Delivery Capability – the quality of the work being undertaken in the field in the centre.