India is the new hot bud for innovation; Bangalore emerges as the fifth best city

According to French consulting cum software giant Capgemini’s report about world innovation hubs, India has emerged as the fifth largest innovation country in terms of number of innovation centers. Bangalore has emerged as the fifth largest innovation hub in the world. Bangalore has made a big jump as it breaks into to top ten of the league with into the fifth position.

Innovation hubs that rank above Bangalore are Silicon Valley, London, Paris and Singapore. Along with Bangalore, the US city of Boston also entered into the top ten as a new face. Bangalore has pushed down its Asian rival Shanghai into seventh.

Capgemini ranks cities in accordance with corporate’s innovation presence and activities. Major organizations launches innovation centers in active geographies to accelerate digital innovations.

The report also highlights India’s growth as a country with several fast emerging an innovation centers.  Number of innovation centers have doubled to 16 as India is in the top-five spot for innovation.

“India has been rising in the ranks of favourite destinations to open innovation centers. Our previous research identified eight innovation centers in India in July 2015. Since then, India has seen eight more innovation centers open their doors,” says the report. 

Last year, Compass has identified Bangalore as the fastest growing startup ecosystem. The city was placed at fifteenth in a list headed by Silicon Valley.