I. Toulouse, city of innovation
Toulouse, Grenoble, and Paris are among the 100 most innovative cities in the world in the FINOM innovation ranking, which is a ranking based onbusiness innovation in major international cities.
Toulouse, a city of innovation: a claim confirmed by this ranking. In a ranking of business innovation in major international cities, carried out by Finom, a financial services platform.
In a world undergoing constant change as a result of the digital revolution, innovation has become essential. This is true not only for the business world, but also for cities. Find out which cities are the most innovative and competitive in the world, and the criteria that have placed them at the top.
"The study divides the innovation landscape into different areas, including research and development, the activity of start-up and the availability of financing. It also examines innovation in each sector, for example in artificial intelligence, biotechnology, and FinTech. The resulting ranking reveals which major international cities are leading the way by providing an ecosystem conducive to business innovation and reveals which cities are global leaders in innovation in each sector".
Paris, Grenoble, and Toulouse in this ranking
Paris and Grenoble also feature in this ranking of the 100 most innovative cities, while the top five are San Francisco, Beijing, New York, London, and Boston.
Unsurprisingly, the top French city in this ranking is its capital, Paris, which ranks an impressive 8th, ahead of megacities such as Washington, Los Angeles, Berlin, Chicago, Seoul, Sydney, and Miami.
Toulouse ranked 60th
Behind Paris, Grenoble is pulling France up, ranking 49th. Toulouse can boast of being well positioned in an impressive 60th place (with a score of 54.21/100), between Edinburgh (Scotland) and Sacramento (United States).
In the tables presenting the results, a higher score indicates a more innovative city. You can filter each factor from highest to lowest and vice versa by clicking on the icon at the top of each column. To find out how each factor is calculated, please refer to the methodology at the bottom of the page.
Specifically, Toulouse performs well in terms of research and development (R&D) in universities (score of 67.24/100) and in R&D in government organizations, i.e., public research institutes (67.16). In other areas studied, such as the industrial ecosystem, the number of start-ups, artificial intelligence, mobility, health, innovation in green technologies, and education, Toulouse scores just above average.
The full ranking can be found at here by downloading the Excel file from Finom.
Methodology
The FINOM ranking of innovation in business uses data to determine which major international cities are accelerators of innovation in the corporate world. The study analyzes 100 cities, taking into account various factors to create a final ranking based on a total score.
FINOM selected the cities from an initial list of 200 metropolitan areas renowned for their dynamic start-up scenes, research capabilities, and strong industrial presence. The 100 cities chosen were selected based on their high scores for these factors.
Calculating scores
Several indicators were used to calculate each factor. They first normalized the initial indicators using a Z-score procedure [z = (x-μ)/σ; μ=mean of the indicator; σ=standard deviation of the indicator]. The final score was calculated as a weighted average of the Z-scores of the components, and the result was normalized on a scale of 50 to 100 using min-max normalization [(value – min)/(max-min)*50+50]. They chose a floor of 50 for the scale to emphasize that the cities included in the final data represent the highest-ranked cities from a list of well-ranked cities.
II. The different areas of innovation
Business R&D expenditures by head office
The presence in each city of the headquarters of for-profit companies with significant research and development expenditures and results. A higher score indicates that companies headquartered in the city have higher R&D expenditures and a higher score for their research results. The score is based on the following indicators :
- R&D expenditures of companies headquartered in each city.
- Top-ranked for-profit research institutes.
- R&D expenditure of research institutes of “commercial enterprises” (national data)
Sources : European Commission; SCImago Institutions Rankings ; OCDE.
R&D in government agencies
The presence of internationally renowned public research institutes in each city, as well as R&D spending in these public research institutes. A higher score indicates a greater number of public research institutes and higher spending. The score is based on the following indicators :
- Highly ranked public research institutes.
- R&D expenditure by public research institutes (national data).
- Sources : SCImago Institutions Rankings ; OCDE.
Industrial ecosystem
The contribution of industry to each city's economy. A higher score indicates a stronger industrial presence. The score is based on the following indicators :
- The number of people working in industrial production.
- The proportion of the workforce employed in industrial production.
- The presence of headquarters of large industrial production and engineering companies.
Source : OCDE.
University R&D
The presence of internationally renowned research universities in each city. A higher score indicates a greater number of highly ranked universities. The score is based on the following indicators :
- Top-ranked universities for computer science research.
- Universities ranked well overall.
Sources : Times Higher Education World University Rankings ; SCImago Institutions Rankings.
Technology ecosystem
The diversity and maturity of the business ecosystem in each city. A higher score indicates the presence of several mature sectors in the city. The score is based on data relating to the number of start-ups funded in each sector of activity. Only sectors in which the city ranks in the top half of the data set contribute to the final score for this factor.
Sources : Crunchbase ; AngelList.
Start-up
The number of companies created in the city after 2010 that have received funding at some point since 2015. A higher score indicates a greater number of funded start-ups.
Sources : Crunchbase ; AngelList.
Venture capital financing
The total amount of funds raised by companies created in the city since 2010, presented as a score.
Sources : Crunchbase ; AngelList.
II. Industries
Innovation in AI and machine learning
The size of the business ecosystem dedicated to artificial intelligence and machine learning technologies in each city. A higher score indicates a greater number of companies and funding related to this sector. We used companies in the following fields of activity to calculate the score :
- Advertising targeting
- Audience analysis
- Artificial intelligence
- Big data
- Computer vision
- Data mining – data exploration
- Intelligent systems
- Machine learning
- Predictive analytics
- Prediction markets
- Sources : Crunchbase ; AngelList.
Biotechnology Innovation
The size of the business ecosystem dedicated to biotechnology in each city. A higher score indicates a greater number of companies and funding related to this sector. We used companies in the following fields of activity to calculate the score :
- Bioinformatics
- Biometrics
- Biopharmaceuticals
- Biotechnology
- Medical
- Pharmaceutical
Sources : Crunchbase ; AngelList.
Innovation in FinTech
The size of the business ecosystem dedicated to FinTech in each city. A higher score indicates a greater number of companies and funding related to this sector. We used companies in the following areas of activity to calculate the score :
- Bitcoin
- Cryptocurrency
- Financial markets
- FinTech
- Microcredit
- Mobile payment
Sources : Crunchbase ; AngelList.
Innovation in green technologies
The size of the business ecosystem dedicated to green technologies in each city. A higher score indicates a greater number of companies and funding related to this sector. We used companies in the following fields of activity to calculate the score :
- Environmental engineering
- GreenTech
- Ecoconstruction
- Eco-friendly consumer goods
- Renewable energy
Sources : Crunchbase ; AngelList.
Sector innovation
The size of the business ecosystem dedicated to a set of business areas in each city. A higher score indicates a greater number of businesses and funding related to that sector. We have classified businesses by business area category, and the score for each area is presented as an individual factor :
- Banking and financial services
- Travel
- Health
- Retail trade
- Computer science and software development
- Reception, leisure activities, and accommodation
- Education
- Mobility
Sources : Crunchbase ; AngelList.
To share
Commencez à écrire ici ...