Lake Geneva region ranks 4th worldwide in innovation strength

The Lake Geneva region ranks 4th in a comparison of 10 global innovation hubs. The new BAK Economics Technology Leadership Index shows which regions occupy top positions for cutting-edge technologies. Technological progress has a key role in enhancing the growth, prosperity and competitiveness of a region. Based on the international patent system, the new BAK […]

The Lake Geneva region ranks 4^th in a comparison of 10 global innovation hubs. The new BAK Economics Technology Leadership Index shows which regions occupy top positions for cutting-edge technologies.

Technological progress has a key role in enhancing the growth, prosperity and competitiveness of a region. Based on the international patent system, the new BAK Economics Technology Leadership Index analyzes which regions are top locations for 12 of the most relevant cutting-edge technologies, including Artificial Intelligence, Cybersecurity and Industry 4.0.

To assess regional innovation power, the study focuses on three aspects of research: quality, quantity and dynamism. For each technology and region considered, it examines the number and growth of both total patents and world-class patents. These criteria are used to compare the innovation strength of the Lake Geneva region with nine selected global innovation powerhouses: the regions of San Francisco, Munich, Nord-Brabant, Stockholm, Paris, London, Singapore, Ruhrgebiet and Brussels.

The Lake Geneva region earns 4^th place in the general ranking and excels in some specific technologies such as medtech (2^nd place), Artificial Intelligence, Robotics and Biotech (3^rd place). The San Francisco Bay Area emerges as the technology leader in most cutting-edge technologies.

BAK Economics is an independent Swiss Economic Research Institute providing comprehensive economic studies on commission and making the knowledge gained available to politics, the economy and society.