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London tops New York, Tokyo for innovation

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Staff Writer | February 23, 2017
London extended its lead over New York and a resurgent Tokyo to be named the world's most innovative city in 2016-2017.
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Progress   The 10th annual Innovation Cities Index
This is according to the 10th annual Innovation Cities Index, released by global innovation agency 2thinknow in Melbourne.

The top three cities overcame previous winner Silicon Valley (San Francisco-San Jose) and twice winner, Boston.

Rounding out the top ten cities globally, were rising cities Los Angeles, Singapore, and Toronto, followed by Paris and Vienna.

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, and there were 125 'Hub' cities in the next band.

Next, 260 cities were in the next globally competitive 'Node' category. After the classification process, the cities are ranked by the analysts.

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 in the quick rise of cities such as Detroit and Athens, Greece (climbing 223 places) based on renewed economic activity.