Singapore ranks top in Asia for innovation, seventh globally The Global Innovation Index 2017 ranked Singapore as seventh for innovation performance, out of 127 countries worldwide. This makes Singapore the top country in Asia for innovation efficiency, with South Korea as the close runner-up in eleventh place.

"The Intellectual Property Office of Singapore ("IPOS") will leverage on our expertise and networks as an innovation agency to help our innovators and businesses grow through IP. With Singapore's increased emphasis on IP commercialization, we are confident that more local and foreign enterprises will use Singapore as a place for taking their ideas to regional markets and beyond, in turn creating value for our economy and society." -- Mr. Daren Tang, IPOS Chief Executive.