Thomson Reuters, a leading source of intelligent information for businesses and professionals, has announced that four organisations have been recognised as India's most innovative and named as the recipients of the Thomson Reuters India Innovation Awards 2012. First established in 2007, the Awards recognise the most innovative academic institutions and commercial enterprises headquartered in India for their spirit of innovation in Research & Development (R&D).
The four Award recipients were selected based on research and analysis using Thomson Reuters Derwent World Patents Index, Derwent Patent Citations Index and Thomson Innovation. The 2012 Award recipients are decided by analysing their innovation through patented technology as recorded in Thomson Reuters patent information services.
Criteria for the 2012 Awards include the number of Basic Inventions each organisation published from 2010-2011; its ratio of granted patents to Basic Inventions; the global reach of the portfolio (protecting an invention in major world markets is an indication that an organisation places a significant value on those pieces of their intellectual property); and the overall influence of the portfolio as determined by international citations of its research. The Award recipients of the past two years are excluded from consideration for the award although they are still included in this year's analysis.
