The Dow Chemical Company recently announced that it was recognised as a top 100 global innovator by Clarivate Analytics – formerly known as the Thomson Reuters top 100 global innovators – for the sixth consecutive year.
The top 100 global innovator list by Clarivate Analytics annually recognises the most innovative organisations in the world.
“This is our sixth straight year on the top 100 global innovators list, clear recognition of the continuing strength of Dow’s R&D. We pride ourselves on being a market-driven, productive R&D organisation, and that is what being a top 100 global innovator recognises,” said AN Sreeram, senior vice president and chief technology officer, Dow. “This recognition is important to us because it recognises impact. It is not an award for numbers of patents; it recognises the quality, global reach and impact of our innovation. The power of our innovation portfolio translates directly into success for our company, our customers, and for society as a whole.”
The Clarivate Analytics top 100 global innovators list methodology analyses patent and citation data across four main criteria: volume; success; globalisation and influence. Clarivate Analytics noted that the firms on its list generated more than US$4 trillion revenue in 2015 and spent more than US$227 billion on R&D. The 2016 Clarivate Analytics top 100 global innovators, on average, invested 9.1 percent more in R&D than those in the S&P 100.
“We believe the power of innovation is a fundamental driver of economic wellbeing, competitive advantage and success, which represents the heart of our business – to accelerate the pace of innovation through discovery, protection and commercialisation,” said Jay Nadler, CEO, Clarivate Analytics. “Our top 100 global innovators methodology eliminates any ambiguity as to what makes an organisation innovative and we congratulate those who have made meaningful gains to usher in the next era of global innovation.”
