Clarivate Analytics, formerly the Intellectual Property & Science business of Thomson Reuters, has announced its highly anticipated list of 2016 Top 100 Global Innovators. The report honours the most innovative corporations and institutions in the world as determined by the robust analysis of unique and proprietary data. The company also unveiled its new brand identity following the sale of the business to Onex Corporation and Baring Private Equity Asia in October 2016.
Now in its sixth year, the 2016 Top 100 Global Innovators report reveals a prominent shift in strategy among the world's top innovators. Notably, the volume of patents filed has decreased while grant rates have increased. That trend, combined with a significant commitment to R&D spending, showcases an increased commitment to quality over quantity for commercialising new inventions. Together, the firms on the list generated more than $4 trillion revenue in 2015 and spent more than $227 billion on research and development. On average, the 2016 Top 100 Global Innovators invest 9.1 percent more in R&D than those in the S&P 100, underlining the importance they place on innovation.
This year's study also revealed wider diversification within the patent portfolios of the top innovators. Canon, General Electric and Hitachi are investing significantly in medical devices, while Google is developing a self-driving car and Amazon is actively involved in drone technology. The data in this year's report show the path to innovation is no longer a straight line.
The Clarivate Analytics 2016 Top 100 Global Innovators methodology is the only objective analysis of patent volume, patent-grant success rates, global reach and invention influence to identify without bias the world's most innovative organisations.
More information on the 2016 Clarivate Analytics Top 100 Global Innovators program and to download the report, interested parties may visit: http://top100innovators.stateofinnovation.com/.
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