India Further Cements Itself as a Global Leader in Innovation

Clarivate Analytics identified and honored India’s top 12innovative organizations at the 2018 India Innovation Conference and Awards held on May 16th in Bengaluru. The evening’s keynote and awards were presented by Shri V. K. Saraswat, Member at the National Institution for Transforming India, Government of India.

Hosted by Clarivate Analytics, the award ceremony recognizes and honors innovation excellence in India. The awards are based on an analysis that includes the size of the patent portfolio, grant success, extent of globalization and citation volume. The analysis is based on Derwent Innovation patent data including from the Derwent World Patent Index (DWPI) and Derwent Patent Citation Index (DPCI).

This year, 30 organizations were identified across six sub-categories as the top innovators in India. The top 12 were awarded and honored at the ceremony in alphabetical order within their categories:

India priority patents published in the period 2015 to 2017 by companies headquartered in India were considered for this year’s awards, ensuring the awards recognize innovations that have originated from India and are created by local institutions.

Arvind Pachhapur, Vice President, IP & Science, Clarivate Analytics said: “India’s innovation story has been driven by a variety of segments – corporations, government funded research organizations and academic institutions, encouraging innovation across the country. The growth in the number of patents published in India is emblematic of a larger global trend, businesses are prioritizing investment in unique, enduring inventions – for which patents are successfully brought to market and enjoy greater global commercial potential.”

The criteria used to identify the top Indian innovators closely mirrors that of the Clarivate Analytics Top 100 Global Innovator annual report which highlights the most successful organizations in the world who are active in innovation through research and development. A detailed report of India’s top 30 innovative organizations will be available soon.