Are U.S. Companies the Most Innovative?
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U.S. firms are indeed among the most innovative. The report, published by Thompson Reuters, examined a series of patent-related metrics to come up with a list of the top 100 leaders in innovation.
The report notes, “Patent activity has always been an indicator of innovation.” To get a better picture of how global companies stack up, the report measured patent volume, success, global reach, and influence.
Of the top ten innovators, six were American companies. They included: 3M Company, Advanced Micro Devices, Inc., Alcon, Inc., Analog Devices, Inc., Apple, Inc., and Applied Materials, Inc.
The United States was also particularly dominant in semiconductors and related industries. U.S. firms, such as Intel and Qualcomm, account for 40% of the firms on the list. Japan represented 27% of them (where all of Asia only accounts for 31%).
One of the most surprising results is that India and China do not rank very high, despite the fact that China has seen rapid growth in patenting. In fact, the country is poised to file the most patents worldwide in coming years.
Most of those patents are only being filed in China, says analyst Bob Stembridge of Thomson Reuters IP Solutions, and it may be too early for their effects to be reflected in the report's measures of innovative success.
ABOUT THE AUTHOR: William J. Brutocao
William J. Brutocao is the head of the firm's Litigation Department. He has wide-ranging litigation experience in numerous areas of the law and has concentrated his efforts in intellectual property litigation for approximately 15 years.
Mr. Brutocao has a liberal arts background and excels at making complex legal issues, including patent matters, understandable to non-technical persons, such as a judge or jury that would be expected to resolve such issues. Due to his broad-based experience, he is the firm's foremost analyst and strategist with respect to all types of litigation matters.
Mr. Brutocao is an adjunct professor in the subject of intellectual property law at the University of La Verne College of Law. Since 2000, he has been the Chief Consulting Editor for California Intellectual Property Laws, published by LexisNexis.
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More information about Sheldon Mak & Anderson PC
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
Of the top ten innovators, six were American companies. They included: 3M Company, Advanced Micro Devices, Inc., Alcon, Inc., Analog Devices, Inc., Apple, Inc., and Applied Materials, Inc.
The United States was also particularly dominant in semiconductors and related industries. U.S. firms, such as Intel and Qualcomm, account for 40% of the firms on the list. Japan represented 27% of them (where all of Asia only accounts for 31%).
One of the most surprising results is that India and China do not rank very high, despite the fact that China has seen rapid growth in patenting. In fact, the country is poised to file the most patents worldwide in coming years.
Most of those patents are only being filed in China, says analyst Bob Stembridge of Thomson Reuters IP Solutions, and it may be too early for their effects to be reflected in the report's measures of innovative success.
ABOUT THE AUTHOR: William J. Brutocao
William J. Brutocao is the head of the firm's Litigation Department. He has wide-ranging litigation experience in numerous areas of the law and has concentrated his efforts in intellectual property litigation for approximately 15 years.
Mr. Brutocao has a liberal arts background and excels at making complex legal issues, including patent matters, understandable to non-technical persons, such as a judge or jury that would be expected to resolve such issues. Due to his broad-based experience, he is the firm's foremost analyst and strategist with respect to all types of litigation matters.
Mr. Brutocao is an adjunct professor in the subject of intellectual property law at the University of La Verne College of Law. Since 2000, he has been the Chief Consulting Editor for California Intellectual Property Laws, published by LexisNexis.
Copyright Sheldon Mak & Anderson PC
More information about Sheldon Mak & Anderson PC
View all articles published by Sheldon Mak & Anderson PC
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
