Asia’s technological prowess continues to grow, establishing the region as a vital hub in the global innovation landscape. The recent Boao Asia Forum Innovation Report 2023 highlights a significant enhancement in Asia’s capacity for technological innovation, with the gap between it and developed countries narrowing. In particular, East Asia, represented by China, South Korea, and Japan, has entered the global forefront in terms of corporate research and development (R&D) investments, focusing on areas such as information and communication technology, health, and automotive.
Asia’s Innovation Ascendancy
Asia’s achievements in fields like artificial intelligence, 5G communication, industrial robotics, smart supply chains, mobile payment technology, new retail technology, biomedical technology, digital energy technology, and environmental governance are commendable. China, South Korea, and Japan have emerged as global innovation powerhouses, particularly in AI and 5G communication.
The region’s governments and enterprises have been consistently increasing their investments in technological innovation, driving a deeper integration of technology and the economy. This has propelled Asia, especially East Asia, to become one of the most innovative regions in the world.
The Next Golden Thirty Years for Asia-Pacific Development
Currently, the Asia-Pacific region remains a key driver of global growth. The Asia Economic Outlook and Integration Process 2024 Annual Report released by the Boao Asia Forum in March 2024 projects that Asia’s economic growth rate will reach approximately 4.5% in 2024, continuing to be the region that contributes the most to global economic growth. By 2024, Asia’s GDP is expected to account for 49% of the global total, an increase of 0.5 percentage points from the previous year.
The Asia-Pacific region, particularly East and Southeast Asia, boasts the world’s largest population base, which translates into a vast market demand and consumption potential. This provides a broad market space for the commercialization of technological innovation products.
The region’s robust manufacturing industry chains and supply systems allow for efficient collaboration and support in product development, production, and sales. The close cooperation among countries within the region has also promoted the sharing and optimal allocation of technological innovation resources, reducing innovation costs and enhancing efficiency.
TR35 Summit 2024: A Gathering of Innovators
On September 9, 2024, the Meet TR35 Summit 2024 Technology Youth Forum and the release ceremony of the 35 Under 35 Innovators in the Asia-Pacific region by MIT Technology Review will take place. This prestigious event will once again showcase how young talents from the Asia-Pacific region, with their extraordinary determination and unwavering beliefs, are leveraging technological innovation and application to enhance resilience against global challenges and drive the infinite possibilities of future technology.
During the event, the results of the 35 Under 35 Innovators in the Asia-Pacific region for 2024 will be revealed. Nearly 50 academic leaders, young technology talents, and investment experts from China, Singapore, Malaysia, India, and other countries will share their innovation experiences and insights, capturing the strongest pulse of Asia’s science and technology innovation.
Key Discussions at the Summit
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Summit Dialogue: Innovation for All Humanity: In an era of globalization, humanity faces many common challenges such as climate change, resource shortages, and health crises. These require global solutions, and innovation is key to finding them.
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The Voice of Innovators: Scientists from around the world will share their international innovation achievements, the enhancement of their international influence, and how to build international ecological resource cooperation networks to drive technological improvements in people’s lives.
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Creating Together, China’s Youth: As China becomes a strong participant and competitor in global technological innovation, an increasing number of young Chinese talents are emerging on the international stage. This session will explore the opportunities and development of young Chinese talents in this era.
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Breaking Boundaries, Promoting Sustainable Development in the Asia-Pacific: Breaking through geographical, disciplinary, and gender boundaries, and fostering open cooperation to jointly promote sustainable development and a borderless future in the Asia-Pacific region.
Conclusion
The Meet TR35 Summit 2024 is set to be a landmark event, highlighting the Asia-Pacific region’s commitment to innovation and its role in shaping a future driven by technological advancements. As the region continues to invest in talent and technology, it is poised to make significant contributions to global economic stability and growth. Stay tuned for the unveiling of the next generation of innovators who will undoubtedly leave a mark on the world stage.
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