The list is the result of the launch of the Thomson Reuters 2011 Top 100 Global Innovator program, an initiative that analyzes patent data and related metrics in a proprietary methodology to identify the companies and institutions that lead the world in innovation activity.
"Innovation is a means of growth and prosperity for companies and nations seeking to overcome sluggish economies and achieve competitive advantage," says David Brown, president of the IP Solutions business of Thomson Reuters.
A comparison of market data for 2011 Top 100 Global Innovator companies (of those that report such figures) shows they added more than 400,000 new jobs in 2010 over 2009, 3% more than the prior year and greater than the percentage increase in growth experienced by the S&P 500 for the same period.
"The jobs created by the Top 100 Global Innovator organizations are a significant indicator of the impact innovation can have on driving economic growth," says Brown.
Additionally, the 2011 Top 100 Global Innovator organizations had a 12.9% increase in market cap weighted average revenue over the prior year, whereas the S&P 500 market cap weighted average revenue grew by just 7.2%.
Ranked companies are geographically dispersed. Forty percent of them are from the U.S., 31% are from Asia, and 29% are from Europe. Asia's representation is split between Japan and South Korea, with 27% from the former and 4% from the latter. Europe's representation is divided between France (11%), Germany (4%), the Netherlands (4%), the Principality of Lichtenstein (1%), Sweden (6%), and Switzerland (3%). France is the European leader in innovation. Despite China's lead in patent application filing volume, it is absent from the top 100 list as global influence and application to grant ratios are important aspects of the methodology.
Thomson Reuter’s ranking methodology is based on four principle criteria: patent approval success rate, global reach of patent portfolio, patent influence in literature citations and overall patent volume. The peer-reviewed methodology was executed using the Thomson Reuters Derwent World Patents Index (DWPI), Derwent Patents Citations Index, Quadrilateral Patent Index, and Thomson Innovation, the IP and intelligence collaboration platform. Comparative financial analysis was done using the Thomson Reuters Eikon platform.
The Thomson Reuters 2011 Top 100 Global Innovator companies are, in alphabetical order:
Advanced Micro Devices, Inc.
Analog Devices, Inc.
Applied Materials, Inc.
Bristol-Myers Squibb Company
Brother Industries, Ltd.
Cheil Industries, Inc.
Chevron U.S.A., Inc.
CNRS, The French National Center for Scientific Research
Commissariat a l'Energie Atomique
Daikin Industries, Ltd.
Dow Chemical Company
Exxon Mobil Corporation
General Electric Company
Goodyear Tire & Rubber Company
Hamilton Sundstrand Corporation
Hoffmann La Roche
Honda Motor Company, Ltd.
Honeywell International, Inc.
IFP Energies Nouvelles
International Business Machines Corporation
Japan Aviation Electronics Industry, Ltd.
Konami Digital Entertainment Co., Ltd.
LG Electronics, Inc.
LS Industrial Systems
Mitsubishi Electric Corporation
Murata Manufacturing Co., Ltd.
Nippon Telegraph and Telephone Corporation
Nitto Denko Corporation
Procter & Gamble Company
Rockwell Automation, Inc.
Rohm and Haas Company
Royal Dutch Shell
Samsung Electronics Co., Ltd.
Sandvik Intellectual Property AB
Seiko Epson Corporation
Semiconductor Energy Laboratory Co., Ltd.
Shin-Etsu Chemical Co., Ltd.
Societe De Technologie Michelin
Sumitomo Electric Industries, Ltd.
Sumitomo Rubber Industries, Ltd.
Toyota Motor Corporation