Disruptors taking market share from leading innovators, says report
Large organisations now only account for 18% of global inventions, as competition from market disruptors intensifies, according to research by Clarivate Analytics.
Six years ago, 27% of all inventions in Derwent World Patents Index (DWPI), a database of enhanced patent information, came from the top 1,000 entities, said the report.
That figure has now fallen dramatically, according to the findings of the “ Derwent Top 100 Global Innovators 2020” research, as more patents are being incubated in smaller companies or even by individual entrepreneurs and inventors.
Said Ed White, Clarivate’s head of analytics, IP Group: “Today’s modern inventions, from phones and electric vehicles to medical devices, all require deeper and broader expertise, and for previously unrelated disciplines to work together.”
This is evident in the increase in the average number of listed inventors per DWPI patent record from 2.84 (in 2014) to 2.99 (in 2019), said the report.
“Large organisations that have traditionally dominated the innovation process must explore and embrace new ways of collaborating if they are to continue to thrive in a more complex and more fragmented ecosystem,” White continued.
Meanwhile, the threshold score for inclusion in the Derwent Top 100 Global Innovators rankings has increased by 22% over a six-year period. The six new entrants this year (Fujikura, HTC, Immersion, Microchip, Schneider Electric, and Tencent) have, on average, risen 250 places in the rankings since 2015.
The annual report identifies the world’s most innovative organisations, who have successfully developed valuable patented inventions that also have strong commercialisation potential based on market reach and impact on other downstream inventions.
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