Skip to main content

Most Innovative Cities

This is an interesting survey. Innovation takes many forms, basically it allows for being creative, entrepreneurial and combusting corporate activity in certain industries. To be fair, one city cannot be innovative across a range of industries. To that end, Malaysia is not hopeless, we are doing some things right but there is still a lot to be done.

In my view, the government has to be entrepreneurial to start with, esp in Malaysia as the state governments are NOT empowered enough to do so on their own (they should be) unlike the states in the USA.

To simplify: take what is our natural strengths ~ palm oil, timber, oil & gas, Islamic finance ... then proactively encourage innovation and support industries in each sector, go upstream and downstream. Instead of just exporting palm oil, nurture companies and creativity for that source product upstream and downstream. This can be done by ensuring world class universities and research labs in oil & gas, palm oil, etc...

Create supporting financial network via private equity, venture cap firms that are focused on those industries. Create a viable exit for them via financial markets (e.g. AIM, Catalist, ACE).

Digital economy ~ the faster, broader, cheaper the connectivity and access the better. Tax holidays and tax breaks as well.

As for an educated pool, we Malaysian have the brains, just go ask Singapore, Silicon Valley, top research labs, top hospitals and global financial centers, they all employ our best and brightest. We just do not have the bridge to the talents to concentrate their potential within Malaysia. It might be too cumbersome to elevate all local universities to global standards, but its easier to create niche research labs and universities that are world class. We need to pay well and allow true professionals to run them.

Financially competitive ~ open economy, free floated ringgit, ease of fund raising, haven for angel investors, globally competitive tax and remuneration scale, smooth & fast processing of expats with right qualifications.

We know the solutions, we did try to implement most of them, but the actual running, actual execution of these "empowered units" are still second rate. There has to be absolute professionalism, transparent and with integrity. Not because of connections or because you know who and who.


Australian analyst firm 2thinknow says Beantown leads the world in relative performance in the global innovation economy. That means the city’s actions to facilitate the growth of new industries are opening up a better economic opportunity for talent.

The index, which was published on Wednesday and first introduced in 2007, looks at innovation at the individual (creative), business (startups) and city levels.

Rounding out the global top three? Paris and Amsterdam.

Here’s a look at the firm’s Top 30 around the world:

  1. Boston (USA)
  2. Paris (France)
  3. Amsterdam (Netherlands)
  4. Vienna (Austria)
  5. New York (USA)
  6. Frankfurt (Germany)
  7. San Francisco (USA)
  8. Copenhagen (Denmark)
  9. Lyon (France)
  10. Hamburg (Germany)
  11. Berlin (Germany)
  12. Toronto (Canada)
  13. Stuttgart (Germany)
  14. London (UK)
  15. Munich (Germany)
  16. Milan (Italy)
  17. Stockholm (Sweden)
  18. Hong Kong (China)
  19. Melbourne (Australia)
  20. Tokyo (Japan)
  21. Rome (Italy)
  22. Kyoto (Japan)
  23. Washington, D.C. (USA)
  24. Shanghai (China)
  25. Düsseldorf (Germany)
  26. Barcelona (Spain)
  27. Seoul (South Korea)
  28. Sydney (Australia)
  29. Prague (Czech Republic)
  30. Philadelphia (USA)

The cities were scored based on 31 common industry and community segments weighted against global trends. A three-factor score (out of 10) measured the cultural assets, human infrastructure and networked markets of a city’s innovation economy. The analysts also incorporated their assessment of market confidence in the cities.

Top 20 innovation cities in Asia:

  1. Hong Kong (China)
  2. Melbourne (Australia)
  3. Tokyo (Japan)
  4. Kyoto (Japan)
  5. Shanghai (China)
  6. Seoul (South Korea)
  7. Sydney (Australia)
  8. Singapore (Singapore)
  9. Wellington (New Zealand)
  10. Auckland (New Zealand)
  11. Fukuoka (Japan)
  12. Beijing (China)
  13. Kobe (Japan)
  14. Osaka (Japan)
  15. Kuala Lumpur (Malaysia)
  16. Mumbai (India)
  17. Adelaide (Australia)
  18. Bangalore (India)
  19. Delhi (India)
  20. Shenzhen (China)


Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.

My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.

I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.

My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.

Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:

p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far

I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…