• 26 Nov 2012

Four Organisations are Recognised as India's Most Innovative at the Thomson Reuters India Innovations Awards 2012

NEW DELHI, INDIA, November 22, 2012--Four organisations have been recognised as India’s most innovative and named as the recipients of the Thomson Reuters India Innovation Awards 2012. First established in 2007, the Awards recognise the most innovative academic institutions and commercial enterprises headquartered in India for their spirit of innovation in Research & Development (R&D).

In a ceremony held at The Park Hotel this evening, the following four awards were presented by Guest of Honour, Shri Harkesh Kumar Mittal, Adviser, Member Secretary of the National Science & Technology Entrepreneurship Development Board (NSTEDB) and Secretary of the Technology Development Board (TDB), across four different industrial sectors. The ceremony was attended by more than 150 guests comprised of researchers, scientists and heads of pharmaceutical and technology companies, academics, intellectual property (IP) analysts and searchers, and patent examiners.

  • Hi-Tech Corporate: Tata Consultancy Services Limited
  • Pharma Academic & Government: Department of Biotechnology, Ministry of Science and Technology
  • Pharma Corporate: Cipla Limited
  • Hi-Tech Academic & Government: Indian Institute of Science

Said Mr. Vinay Singh, Director, India, Intellectual Property & Science business of Thomson Reuters, “Innovation drives economic growth and success. Thomson Reuters is pleased to recognise India’s collective achievements in innovation as Indian companies and research organisations expand their global footprint and research influence rapidly in an increasingly complex and competitive environment. We congratulate all the award recipients for their continuous innovation and high value add to their respective fields of expertise.”

Said Mr. Swarup Choudhury, Managing Director, India, Thomson Reuters, “Innovation will enhance India’s contribution to the global economy, and is the key to driving  a stronger economic growth which can help resolve challenging issues and concerns being faced today. We are immensely pleased to support and recognise innovative organisations in India who contribute to this goal.  Their pioneering efforts will collectively help to transform India from a leading IT and outsourcing hub to a leading global innovation hub.”

Said Mr. Bob Stembridge, Manager, Customer Relations, Intellectual Property & Science business of Thomson Reuters, “The importance of intellectual property as a major source of economic and technological development in India is demonstrated by the increasing creativity and impact of Indian research and technology throughout the world. The last five years have seen a substantial increase in patenting activity from 28,940 applications in 2007 to over 39,400 applications in 2011 at an average CAGR (Compound Annual Growth Rate) of 7.2 percent.”

To foster this increase, the Indian Patent Office joined the patent offices of USA, Japan, South Korea, China and the European Union in offering online filing for trademark and patent applications. The Council for Scientific and Industrial Research (CSIR) dominates the ranking table of the Top 10 patent assignees for all Indian inventions with over 5,800 inventions from 1975 to date.

Thomson Reuters India Innovation Awards 2012: Methodology
The four Award recipients were selected based on research and analysis using Thomson Reuters Derwent World Patents Index®, Derwent Patent Citations IndexTM and Thomson Innovation®.. The 2012 Award recipients are decided by analysing their innovation through patented technology as recorded in Thomson Reuters patent information services. Criteria for the 2012 Awards include the number of Basic Inventions1 each organisation published from 2010-2011; its ratio of granted patents to Basic Inventions; the global reach of the portfolio (protecting an invention in major world markets is an indication that an organization places a significant value on those pieces of their intellectual property); and the overall influence of the portfolio as determined by international citations of its research. The Award recipients of the past two years are excluded from consideration for the award although they are still included in this year’s analysis.

For more information on Thomson Reuters methodology regarding the use of patent analytics in measuring innovation in India, visit: http://ip-science.thomsonreuters.com/ssr/india-citation-awards-2012/

Thomson Reuters Derwent World Patents Index® (DWPISM) is the world’s most trusted source of patent information, expertly indexed and featuring enhanced titles and comprehensive abstracts. Highly qualified editorial staff produce English-language titles and abstracts for over 47 major patent-issuing authorities, enabling insight that otherwise would be missed. DWPI is used and trusted by over 40 patent offices worldwide.  For more on DWPI, please visit: http://ip.thomsonreuters.com/product/derwent-world-patents-index

Note to Editors:
A Basic Invention1 is the first publication of the new technology, drug or business process. Subsequent filings and grants for the same invention were not included.

About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota. Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.  

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