News dalla rete ITA

28 Febbraio 2018

Emirati Arabi Uniti

DUBAI INNOVATION RANK RISES TO 14TH IN GLOBAL INDEX

Dubai has once again improved its innovation performance climbing one spot to rank 14th among 30 global cities on the 3rd Dubai Innovation Index, outperforming major business destinations such as Berlin, Madrid, Shanghai and Sao Paulo.Compiled by Dubai Chamber in collaboration with PricewaterhouseCoopers (PwC), the Dubai Innovation Index measures innovation output on a city and industry level and provides analysis on key challenge areas as well as strengths. Through the Index, the Chamber aims to strengthen awareness and enhance participation of Dubai’s private sector in the innovation efforts of the emirate.The top-performing cities on the latest index were Hong Kong, which climbed two spots to rank first globally, followed by New York (2nd), London (3rd), Singapore (4th) and Seoul (5th). Dubai and San Francisco were the only two cities that showed consistent improvement in their rankings over the last few years.The latest Dubai Innovation Index Report highlighted considerable headway made by Dubai’s government in adopting long-term innovation strategies, while it has also launched various initiatives to foster innovation across all segments of society and support the emirate’s transition to a knowledge-based economy.The innovation score of Dubai’s private sector increased by 3 per cent this year, after a 6 per cent rise from 2015 to 2016. A significant improvement in Dubai’s Skills and Talent score was observed, further emphasising the importance of developing human capital to encourage innovation throughout all of the emirate’s economic sectors.The Index’s findings were compiled following in-depth surveys conducted by a large sample of Dubai’s business community, including representatives of leading companies and institutions. The results showed that 92 per cent of survey respondents said they believe that developing the right business strategy that supports and encourages innovative thinking will improve their firms’ innovation capabilities.Private companies agreed that the government should focus on setting formal policies and regulations to protect intellectual property, launching initiatives to boost innovation output (most notably through incubators, innovation awards, and accelerators), and financing and funding through government-backed innovation funds.The report noted that innovation enablers in Dubai’s private sector have strengthened over the last year as more company adopt measures to enhance their capabilities and participate in innovation-related activities, while it also highlighted opportunities for both the private and public sectors to further develop the innovation infrastructure and enforce Intellectual Property regulations and laws.Furthermore, the Index revealed that Dubai has witnessed remarkable improvement in its economic and social environment, which reflects the leadership’s commitment to promoting innovation as a means to drive progress, growth and development.The 3rd Dubai Innovation Index proposed a set of recommendations to create a solid innovation ecosystem. The report called for increased collaboration with educational institutes; focusing on consistent and continuous product development; fostering collaboration with the global ecosystem; and providing more funding opportunities for entrepreneurs and SMEs.The Dubai Innovation Index, released annually by Dubai Chamber, falls in line with the organisation’s strategy to stimulate innovation in Dubai’s private sector which is based on three main pillars, namely: enablers of innovation; measuring innovation; and honouring innovators in the Dubai Innovation Index. The Chamber plans to invest Dh100 million ($272,000) in innovative projects and initiatives in the coming years that serve the local business community and enhance the competitiveness of Dubai’s economy. (ICE DUBAI)