- The US fell to 11th place in Bloomberg’s Innovation Index.
- The Index (created 2012) scores countries on metrics including research and development (R&D) spending and # of innovative companies.
- A slump in science/engineering graduates pushed America down.
- South Korea’s fifth-consecutive #1 ranking has been driven by its semiconductor, smartphone, and digital media sectors strengthening Korea’s tech industry.
- Since 2000, Samsung (Korea) has received the 2nd most US patents (#1 IBM).
- Increased education and research spending pushed Singapore to #3 on Bloomberg’s Index, above Germany and Switzerland.
