Bengaluru 4th most popular destination for innovation centres globally

Asia claimed 29% of innovation centres opened in 2017, compared to Europe's 25%: Capgemini Report

India’s Silicon City was ranked the fourth most-popular innovation centre destination following Silicon Valley, Singapore and London said a report by Capgemini’s Digital Transformation Institute.

Organisations are increasingly establishing innovation centres across the globe to boost research within their ranks. India now accounts for 25 per cent of innovation centres in Asia while Asian cities comprise of 29 per cent of the innovation centre count globally.

The report also noted that while firms are heavily investing in innovation centres in an attempt to keep up with market changes, they are failing to become more innovative. 80 per cent of the