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Thomson Reuters Names 2014 Top 100 Global Innovators

November 6th, 2014

Lots of CEOs talk about innovation, but which companies are putting their money where their mouths are when it comes to driving real innovation? Today, the IP & Science business of Thomson Reuters answered that question with the release of its fourth annual Top 100 Global Innovators list.

The annual study, which is the only purely quantitative ranking of innovation of its kind, recognizes the 100 most innovative organizations globally based on a series of financial and patent-related metrics.

Beyond the list itself, which includes some names you’d expect (Apple, IBM, Google, IBM, Samsung) and some surprises (Blackberry, Huawei, NGK Spark Plug), the Top 100 Innovators report also contains a detailed analysis of company financials, the influence of governmental policies and industry trends.

Following are some of the key findings:

Japan Takes the Lead Among Global Innovators; U.S. Declines 27% Year-Over-Year: Asia is home to the largest share of Top 100 innovators for the first time this year, with 46 of the 100 companies hailing from that region. Of these, 39 are based in Japan, 4 in South Korea, 2 from Taiwan and, for the first time, a Chinese company (Huawei) has made the list. North America follows with 36, down from 46 last year, with 35 companies domiciled in the US and 1 in Canada. Europe contributed 18 honorees, with the largest representation coming from France (7), Switzerland (5) and Germany (4). The United Kingdom is noticeably absent from the Top 100 list again this year, despite aggressive tax legislation in the country designed to spur new innovation.

Top Innovators Doubled Annual Revenue Growth Rate of S&P 500: Thomson Reuters Top 100 Global Innovators outperformed the S&P 500 for the fourth consecutive year, achieving year-over-year market cap weighted revenue growth of 12.6 percent, roughly double the 6.85 percent annual revenue growth generated by S&P 500 companies. The 2014 Top 100 Global Innovators also generated US $3.69 trillion in revenue last year. And, they had an increase in R&D investment of more than double their NASDAQ counterparts; the Top 100 increased R&D spend by 16.9 percent, whereas NASDAQ’s R&D investment jumped by 8.18 percent and S&P 500 by only 3.97 percent.

R&D Spending Growth Accelerates: The 100 organizations in the study spent a combined U.S. $208 trillion on R&D in 2013, the group outspent the constituents of S&P 500 at a rate of 4:1. On a year-over-year basis, Top 100 Global Innovators increased their total R&D spending by nearly 17 percent.

Smartphone Patent Wars Continue to 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.

Semiconductor Firms Still Leading the Chase: The Semiconductor and Electronic Components industry continued to lead all other industry sectors in 2014, with 21 representative companies, a 9 percent decrease from the previous year, but still a 50 percent increase since the Top 100 program’s inception, when there were just 14 semiconductor companies on the list. Computer hardware was the next most prolific industry, with 13 companies, up 18% over the previous year. The Industrial sector contributed 8 companies to the Top 100 list, displacing the Automotive sector, which contributed 6 companies this year, down from 8 last year.

Pharma Continues to Increase Presence in Top 100: For the second year in a row, a growing number of pharmaceutical companies, including Abbott Laboratories, Johnson & Johnson, Novartis and Roche, have cemented their presence on the Top 100 list by virtue of their strong global patent portfolios. This comes despite the Top 100 methodology favoring fast-moving, hyper-competitive industries such as semiconductors/electronic components and computer hardware, as opposed to pharma, which tends to have longer R&D cycles.

For more information and to download the full report, visit top100innovators.com

To view the full Top 100 Innovators graphic, see blow, or click here.

100 info

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation, Patents , , ,

Thomson Reuters to Host Inside Innovation Event on Nov 6

October 23rd, 2014

Thomson Reuters is hosting an exclusive event and you’re invited!

On November 6th, leading U.S. innovators will gather at the Computer History Museum in Mountain View, CA for Inside Innovation: What It Takes to Win.

This free event will include a panel discussion, moderated by Rob Cox from Reuters Breakingviews. and a question and answer session that will help attendees glean insights from some of the most innovative minds at the nation’s top firms and institutions.

Among those set to appear at the event are:

  • Dr. Michael Karasick, VP Innovations, IBM Watson Group
  • Dr. Peter Lee, Head of Research, Microsoft
  • Professor AnnaLee Saxenian, Dean, School of Information, UC Berkeley
  • Jeff Clavier, Founder and Managing Partner, SoftTech VC
  • Tom Reilly, CEO, Cloudera

To RSVP, click here.

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation , , ,

Global Innovation Spikes to Pre-Recession Levels

May 15th, 2014

We’ve released our latest State of Innovation report today that analyzes global patent filing data over the last 5 years. The 2014 edition of the study, which tracks global patent volumes of 12 bellwether industries, charts hottest growth areas, the impact of emerging markets and nascent hotbeds of new economic growth, finds that the overall rate of innovation growth is now at its highest level since the Great Recession.

Following are some of the report’s key findings:

  • Biggest Innovation Gains Since End of Recession: Total, worldwide patent volume increased 26% over the last year, with 11 of the 12 technology areas studied showing increases. All but one of the 11 gainers had double-digit growth.
  • Automotive Safety, Energy Exploration and Smart Kitchen Appliances Drive Largest Gains: The Automotive, Petroleum, and Domestic Appliances technology areas had the greatest year-over-year increases, with each logging a 35% jump in worldwide patent volume over the prior period. Domestic Appliances ranked among the top three leaders for the second consecutive year. Safety-related innovation saw the greatest gains in the Automotive sector; while the Petroleum sector was driven by petroleum and gas exploration, drilling and processing.
  • Emerging Markets & Academic Contributions on Upswing: Increased activity from China and Russia emphasizes the focus on innovation in these regions, as do increased activity on the part of universities and research institutions. More of such entities made it into the Top 10 regional lists than any year in the past.
  • Computing & Peripherals Continue to Lead the Global Pack: The technology area with the largest overall global patent volume continues to be Computing & Peripherals, for the fifth consecutive year, with over 300,000 inventions over the past year. That’s more than double the innovation activity of the next nearest technology area: Telecommunications. All subsectors within Computing & Peripherals showed positive gains, a first since this report’s inception.

To read the full report, http://ip.thomsonreuters.com/sites/default/files/2014stateofinnovation.pdf

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation , ,

Can the Patent Box Make or Break Pfizer’s AstraZeneca Takeover?

May 1st, 2014

The British government’s incentive program designed to convince companies to locate research-and-development teams in the U.K. may be at the center of Pfizer’s planned takeover of AstraZeneca.

“The United Kingdom has created attractive incentives for companies to manufacture products and maintain and protect intellectual property, and we have seen that capital and jobs have followed these types of incentives,” Pfizer CEO Ian Read said in a Monday-morning statement designed to woo Astra shareholders (via the WSJ).

According to the Journal:

“When the patent box has been fully phased in by 2017, it will mean qualifying companies pay 10% tax on their profits derived from U.K.-held patents, compared with the current rate of 21% (the rate will fall to 20% in April 2015) […] A combined Pfizer and AstraZeneca would be incorporated in the U.K. (but listed in New York), Mr. Read said Monday, and would therefore be better placed to take advantage of the patent-box tax break on any new drugs developed in the U.K.”

Laura GazeLaura Gaze, Director, Thomson Reuters: The incentives under this new tax regime, which companies have been navigating through for the better part of two years, seem as though they are doing exactly as they were intended. But will this new structure derail Pfizer’s plan? This is an extremely complicated deal with many moving parts, so we may not have answers to these questions for a while, but it’s clear the patent box is set to be a very significant item that may decide many corporate agendas in the years to come.

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation, Patents , , , , ,

Would a Ruling Against Aereo Curb American Innovation?

April 30th, 2014

A major Aereo investor said a Supreme Court ruling against the New York-based streaming company could have serious repercussions on American innovation.

Media mogul Barry Diller told CNN that a Supreme Court decision to shut Aereo, a company that streams local broadcast television to customers’ computers, phones and tablets for $8 per month, would have “profound effects on the development of technology.”

“It’s almost like saying, ‘what if there was no telephone?,” Diller told CNN. “If [the Supreme Court justices] stop it—which they very well may—I don’t think it’s the end of any world because we’ll not really know, but I think … if it stops, it will have profound effects on the developments of technology.”

Laura GazeLaura Gaze, Director, Thomson Reuters: It’s an interesting debate. On one hand, Diller obviously has a vested interest, but he does make a reasonable point. While ABC, NBC, Fox and CBS, accuse Aereo of unlawfully transmitting their copyrighted TV content without paying for licenses, Aereo argues that its service is the legal equivalent of selling customers an antenna and a DVR. It does give one pause to wonder what really is the difference? Ultimately, this will come down to the Court’s interpretation of “public performance” under U.S. copyright law, but should Aereo get shut down, it may deal a serious blow to the evolution of streaming platforms.

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation , , ,

Thomson Reuters Study Finds a Global Imbalance in Diabetes Research Funding

April 24th, 2014

The diabetes epidemic continues to surge with the disease affecting an estimated 382 million people worldwide. But a large gap exists in the research and funding, making understanding these ebbs and flows pivotal in continuing to understand the landscape. That’s why we’ve released a new analysis today that identifies the top 34 global funders of diabetes research.

The analysis was conducted by Thomson Reuters ScienceWatch analysts and found that the U.S. National Institutes of Health is the leading funding organization with 13,436 acknowledgements, followed by the National Natural Science Institute of China with 3,354 acknowledgements, and the Juvenile Diabetes Research Foundation (JDRF) with 2,547 acknowledgements. Other top 35 funders include government agencies such as the Canadian Institutes of Health Research; the Ministry of Education, Culture, Sports, Science and Technology of Japan; and the American Heart Association, as well as global pharmaceutical giants such as Novo Nordisk and Pfizer.

However, several regions that are strongly impacted by the disease were notably absent from the list. According to the International Diabetes Federation, an estimated 20 million people live with the disease in Africa, and the continent has the highest global rate of mortality, but no African organizations were listed among the top funding agencies. Africa-based researchers did contribute to 1,581 diabetes-related papers.

In addition, regions of Southeast Asia, the Middle East, and India are similarly afflicted, but their research output does not yet measure up. Sixty five million of India’s 1.2 billion people are affected by diabetes, but no India-based organizations have yet emerged among the 35 most-prolific funders.

To view the infographic that further illustrates this regional imbalance, visit http://sciencewatch.com/sites/sw/files/sw-article/media/sw-diabetes-infographic.pdf

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation , , ,

Quote: Human Element Integral to Innovation

March 21st, 2014

Speaking at the ad:tech event in Sydney, Australia, Owen Rogers, senior partner at Palo Alto-based design firm IDEO, said the human element of the innovation process is too important to be ignored, and unfortunately, many executives do just that when deciding on a strategy:

“There are three elements to any problem – technical, feasible [business] and the human piece. Everybody typically forgets the human piece, or they devalue it, thinking the technical or business piece has to be overcome first and foremost.”

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation , , , ,

How to Incite a Culture of Innovation

March 20th, 2014

Companies are constantly seeking to create a culture of innovation, but how is it done?

In a piece for Forbes, Michelle Greenwald discusses this very topic, and says that importing external ideas is just as important as the brainstorming sessions that take place inside your company’s walls:

“Companies like P&G, Unilever and Lego communicate new product idea challenges externally on their websites to crowdsource solutions. Unilever has a page titled “Challenges and Wants” where the company lists challenges they have begun working on and projects they’d like to work with partners on, which they call wants […]Other firms, like toy companies, inform outside inventors who invent for specific industries, and send their in-house product designers on inventor sweeps to review outside inventor ideas several times a year.”

Laura GazeLaura Gaze, Director, IP Solutions: This is a great read to get a bird’s eye view to get an idea of what some companies are doing to capture new ideas. At times, the direction a company’s innovative efforts could benefit from the clarity of an outside inventor or even a consumer.  By overseeing this type of crowdsourcing, combined with fostering a culture of innovation from within, a Chief Innovation Officer could stand to springboard their company into the future.

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation , , ,

STEM Academy Continues on the Road to Innovation

February 25th, 2014

The Sarah E. Goode STEM Academy is paving the road towards new American innovators, and the world is taking notice.

The school, which was featured on the cover of TIME Magazine last week, launched a year and a half ago. There, the students are called “innovators,”  and they receive a hardcore focus on STEM (science, technology, engineering and math) skills. IBM — the academy’s partner and a key developer of the curriculum — promises graduates a $40,000-plus opportunity at the company upon graduation, which takes six years instead of the traditional four; the extra two years means they walk away with an associate’s degree on top of their high school diploma.

The school bears the name of Goode, who, in 1885, was the first African American woman ever granted a patent.

Laura GazeLaura Gaze, Director, IP Solutions: This model is incredible, and certainly commendable. For years, we’ve heard that America is falling behind developing nations in science and math performance and homegrown innovation, and a corporate partner like IBM trying to tackle the problem head on is exactly the kind of action that is needed. This model has the potential to be very powerful. As the school matures and the first graduates enter IBM, it will be interesting to see how they perform and, if  successful, whether this could ultimately signal a shift in the entire educational structure of our nation.

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation , , ,

Expanding Global Access to a Key Knowledge Source for Mobility Engineers

February 19th, 2014

SAE International is the ultimate knowledge source for mobility engineering — a global association that unites more than 138,000 engineers and related technical experts in the aerospace, automotive and commercial vehicle industries. SAE International’s core competencies are life-long learning and voluntary consensus standards development, resulting in a comprehensive collection of over 10,000 active standards covering hundreds of topics related to design, energy, materials, management, quality, safety, testing and performance. Today, a new generation of engineers will have access to those standards via the Techstreet Subscriptions web-based enterprise platform – the newest, most innovative and fastest growing platform for standards managment. You can browse the SAE catalog of active and historical standards on the Techstreet website, http://www.techstreet.com/publishers/sae.

Laura Gaze, Senior Marketing Manager, IP Solutions Innovation