After a brief stint in second place in 2016, Asia has reclaimed its pole position as the number of top 100 innovations from Asia rose over 13 percent from 39 top innovators to 45 in 2017.
Asia-based organisations including Honda, Komatsu, Samsung and Toyota appeared on the list, and Asian top 100 companies “are producing higher quality innovation, seeking to commercialise that innovation more globally and creating more impactful innovation than both the remaining top 100 global innovators and other organisations outside the top 100”, according to the report.
The US came second to Asia in the report, with 36 US-based companies appearing on the list, including Facebook, Apple, Boeing and Microsoft.
The US took the lead from 2011-2013 and again in 2016, but in 2017 ceded its position to Asia.
Daniel Videtto, president of IP & standards at Clarivate, commented: “As the world experiences geopolitical shifts and significant economic change, the one constant that enables leaders to weather volatility is a laser focus on innovation.”
“It helps develop competitive advantage, leading to the creation of sustainable economies that make possible societal improvements and the enhanced wellbeing of citizens.”
According to a World IP Organisation report from last year, China was the world’s top patent filer in 2016, accounting for nearly all of the 8 percent growth in patent applications in 2016.
The State Intellectual Property Office of China received 1.3 million applications in 2016, more than the combined total for the US Patent and Trademark Office, the Japan Patent Office, the Korean Intellectual Property Office and the European Patent Office.