Thomson Reuters Names the World’s Top 100 Most Innovative Companies for 2013
Today, we released our list of the Top 100 most innovative organizations for 2013. For the third consecutive year, the companies on the list outperformed the S&P 500 by 4 percent in annual stock price growth, and 2 percent in market cap weighted revenue growth. Overall, the Top 100 generated $4.5 trillion in revenue, spent $223 billion on R&D, added more than 266,000 jobs and outperformed the S&P 500 by 8.8 percent in R&D spending.
To view the full list, click here
The Thomson Reuters 2013 Top 100 Global Innovator methodology is based on four principle criteria: overall patent volume, patent grant success rate, global reach of the portfolio and patent influence as evidenced by citations. The peer-reviewed methodology was executed using Thomson Reuters Derwent World Patents Index® (DWPI), Derwent Patents Citations Index™, Quadrilateral Patent Index™, and Thomson Innovation®, its IP and intelligence collaboration platform. Comparative financial analysis was done using the Thomson Reuters Advanced Analytics for Deal-Making platform.
Some of the report’s key findings include:
- R&D Spending: The Top 100 Global Innovators spent U.S. $223.2 billion on R&D in 2012, outspending the S&P 500 by over 8.8 percent on R&D last year. Comparatively, the U.S. spends $408.6 billion on R&D, Japan spends $141 billion, France spends $49.9 billion and the U.K. spends $39.5 billion. Of this, they respectively dedicate the following to R&D manufacturing: 70 percent, 87 percent, 84 percent and 73 percent.[i]
- Smartphone Patent Wars Drive New Innovation: The intense competition in the smartphone space is on clear display in this year’s Top 100 Global Innovators list, with the major players in the smartphone patent wars present: Apple, Microsoft, Samsung, Google and BlackBerry. This is the first year BlackBerry made the Top 100 Innovators list, driven by a 38 percent surge in patent filings between 2010 and 2011, and 17 percent growth in patent filings between 2011 and 2012. The BlackBerry patent portfolio will be a key factor in BlackBerry’s pursuit of “strategic alternatives”.
- Government Incentives Drive Private Sector Innovation: The study results show a direct correlation between a government’s commitment to innovation and its R&D tax policies to its ability to attract and retain innovative organizations. This is evidenced notably in France, which has the most companies on the Top 100 list among all European countries, while the UK, which has a similar sized economy, has none (for the second year in a row). This is attributable in large part to R&D tax credits and other government stimulus for innovation. Likewise, the U.S. and Japan, which have the strongest representation on the list, have a long history of government stimulus of innovation.
- Still No China: Mainland China is once again notably absent from this year’s list of Top 100 Global Innovators. Despite the fact that China leads the world in patent volume, the majority of patents filed in the country are only filed domestically, which limits the region’s global influence in the Top 100 Global Innovators study.
To learn more about the Top 100 Innovators, visit top100innovators.com