Bloomberg Philanthropies map displays cities' innovation investments
Published: Oct. 28 2019 Source: Smart Cities Dive By: Katie Pyzyk @_PyintheSky
Bloomberg Philanthropies and the Organization for Economic Cooperation and Development (OECD) released a report and interactive map to demonstrate cities' commitments to innovation and how they affect citizens' lives.
Nearly 90 global cities were surveyed for the report, which lists key findings and recommendations in five areas of innovation capacity: strategies and approaches; staffing and structure; data; resources and funding; and evaluation and results. More than half of responding cities (55%) have formal innovation goals and 49% have a formal innovation strategy. Data plays a significant or somewhat significant role in innovation decision making and policy for 85% of the surveyed cities.
The report notes that innovation provides cities with ways to face growing budgetary pressures and new societal demands. Most responding cities (80%) have specific funding to support innovation capacity but few (16%) conduct a comprehensive and systemic evaluation of the outcomes and impacts of their innovation strategy.