CURRENT AFFAIRS

Detailed explanation-1: -The rise of Asia as an innovation superpower lies in the impressive growth witnessed by its key innovation hubs – Singapore, Bangalore, Shanghai, Tokyo and Tel Aviv – five cities in our global top 10 rankings that together account for 36% of all Asian innovation centers.

Detailed explanation-2: -An Innovation Center is a cross-functional plan that creates a safe haven for new ideas. With opportunities for individual and group collaboration across time zones and continents, it’s a place that fosters a culture of innovation through the creation, sharing, and testing of idea.

Detailed explanation-3: -Simply put: Innovation is a product, service, business model, or strategy that’s both novel and useful. Innovations don’t have to be major breakthroughs in technology or new business models; they can be as simple as upgrades to a company’s customer service or features added to an existing product.