TLDR: Key points
- The global R&D map is being redrawn with a surge in cross-border investment.
- Cities like Silicon Valley, Tokyo, Shenzhen, Boston, New York City, and more are leading in R&D innovation.
The article explores 20 global R&D hubs reshaping innovation and the key elements include:
The global R&D map is being redrawn with a surge in cross-border investment despite forces of nationalism and international collaboration. South Korea, Tokyo, and Shenzhen are among the key players in this landscape, with a focus on tapping into talent and capital globally. The article ranks major R&D hubs based on data from The 2023 EU Industrial R&D Investment Scoreboard.
Key highlights include:
- Silicon Valley: Leading innovation ecosystem facing struggles but still attracting VC investment.
- Tokyo: Revitalizing semiconductor industry with companies like Tokyo Electron Ltd.
- Shenzhen: Solidifying position as R&D trailblazer with significant investment in digital economy.
- Boston: Premier research hub, especially in biopharma, attracting substantial funding.
- New York City: Thriving biotech and life sciences sectors with significant investments.
- Beijing: Robust R&D growth focusing on high-tech industries, especially in AI.
The article also covers R&D hubs in cities like Shanghai, London, Paris, Seoul, Los Angeles, San Diego, Tel Aviv, Stockholm, Munich, Toronto, Singapore, Melbourne, and Berlin, highlighting their achievements in various sectors such as AI, fintech, health industries, automotive, and quantum technologies.
