According to our research, Asia has now
become the global leader in research
and development across all industries,
accounting for about one of every three
dollars spent on corporate R&D spending.
And in FinTech, the market is second only to
the United States in investors’ interest.
As we have noted elsewhere, Asia offers
some key advantages to Western-based
companies looking for innovation, including
lower-cost but highly skilled resources
(arguably on a level with those in the
West), and a large market for testing and
launching new products and services.
Disruptive innovations typically begin as
low-cost products and services that target
the most price sensitive customers. Asia,
with its wealth constraints, vast population
and favourable regulatory environment,
represents an ideal fertile ground for
disruptive innovation, as many industries
have discovered