2023GlobalInnovationReport 1 2023GlobalInnovationReport TableofContentsAboutthereport 03 PartIGlobalInnovation100 08 Whoarethey? 10 Howaretheytransformingtheworld? 16 Whataretheyinnovating? 43 PartIIGlobalDisruption50 54 Whoarethey? 56 Howaretheydisruptingtheworld? 60 Whataretheyinnovating? 68 2 2023GlobalInnovationReport Aboutthereport 3 WhatisPatsnap’sviewonTechnologyInnovation? Technologicalinnovationisadvancingatanever-increasingpace.Overthepastdecade,globalresearchanddevelopment(R&D)spending,apivotaldriveroftechnologicalinnovation,hasgrownfrom2.00%ofGDPto2.63%.Afteroveracenturyofcombinedeffort,100millionpatentswerefiledasof2017,servingaslegalproofoftechnologicalinnovation.Thisnumberisexpectedtodoublewithinthenexttenyears. Technologyinnovationismeasurable.Howcanweeffectivelyassessacompany'stechnologyinnovationperformance?Weproposemovingbeyondqualitativeevaluationstoasystematicapproachthatreliesonabundantdata. PatsnaphasdevelopedourproprietaryInnovationCapabilityEvaluationModel.Acomprehensivesetofmethodologiesisconstructedforquantitativelymeasuringacompany'srealtechnologyinnovationprowess.Ourmodelconsistsoffivedimensions:onerelatedtoenterprisecompetitivenessandfourfocusedontechnology.Thesefourtechnologydimensions—TechnologySize,TechnologyQuality,TechnologyInfluence,andTechnologyGlobalization—comprisethecoreofthisreport'sevaluation. Patsnaphasamassedawealthofdataanddevelopedrobustmetricsforconductingquantitativeevaluations.Wesystematicallytrackthecontinuouslyincreasingpatentsfromcompaniesandinstitutesworldwide.UtilizingadvancedAIcapabilities,weprocessthisinformationintocomprehensiveinnovationmetrics.Todate,ourdatacoversapproximately100milliontechnologycompaniesandthe180millionpatentsassociatedwiththem. Thecomprehensivemodelalongwiththeextensive datasetenablesustoassesstheinnovationcapabilityofeachcompany,uncoveringcomprehensiveinnovationcharacteristics.Furthermore,wediligentlymaintainhistoricalrecordsofthesecompanies'innovationscores.Thisensureseasyaccessforindividuals,businesses,investors,andresearchers,cateringtotheirspecificneeds. Patsnap’sInnovationCapabilityEvaluationModelincludes1+4dimensionsand40+metrics.Herewefocusonthe4coretechnologydimensions. Theyare: TechnologySize:Thisdimensionassessestheoverallscaleofacompany’stechnologyinnovation.Itconsidersfactorssuchasthecumulativecountoftheirpatentapplications,thegrowthrateoftheirpatentapplicationsinrecentyears,andthenumberoftheiractiveinventors. TechnologyQuality:Inthisdimension,weevaluatethevalueofacompany'spatentsastechnologyassets.Thisincludesindicatorssuchasthegrantrateofinventionapplications,andtheaveragevaluationofeachpatent(basedonPatsnap'sownvaluationmodel). TechnologyInfluence:Here,wemeasuretheimpactofacompany'stechnologiesintermsoftheirroleinleadingandguidingsubsequentinnovations.This dimensionisreflectedinvariousmetrics,suchasthenumberofforwardcitationsofthepatents,andthecountoflicensedpatents. TechnologyGlobalization:Thisdimensionquantifiestheextenttowhichacompany'stechnologieshaveaglobalfootprint,includingthetotalnumberofPCTfilings(filedundertheinternationalPatentCooperationTreaty)andthetotalnumberofcountries/regionswherepatentshavebeenfiled. Thesedimensionscollectivelyprovideacomprehensiveviewofacompany'stechnologicalinnovationcapability,allowingustoidentifyandevaluateinnovationplayerseffectively. Chart0.1Patsnap’sInnovationCapabilityEvaluationModel Thecharthereillustratesthe4technology-relateddimensionsfromthetotal1+4dimensions,withtypicalmetrics. Patentapplications Patentapplications inrecentyears PatentapplicationCAGRinrecentyears Validinventions ActiveInventorsinrecentyears …… TechnologySize PCTfilings percentage(outoftotalpatentapplications) Averageforwardcitationsoftop10citedpatents Totalforwardcitationsofpatents InnovationCapabilityEvaluationModel PCTfilings Countries/regionscovered TechnologyGlobalization TechnologyInfluence Technologywidth Patenttransfers Patentlicenses …… …… TechnologyQuality Inventionapplication percentage(outoftotalpatentapplications) Grantrateofinventionapplications Patentvaluation Patentlifeexpectancy …… Howdoweidentifythetop-performingcompanies? UsingPatsnap’sInnovationCapabilityEvaluationModel,weeffectivelyassessanddissecttheinnovationcapabilitiesofeachofthe100milliontechnologycompaniesinPatsnapdatabase.Wecanalsomakerelativecomparisonsandanalysisacrossallinnovationdimensions. Inthisreport,weidentifyanddemonstratethe100top-performingcompaniesasour“2023GlobalInnovation100”,celebratingexcellenceininnovation. Wealsoidentifythe50rapidlygrowingcompanieswithgroundbreakinginnovationsasour“2023GlobalDisruption50”,celebratingdisruptionininnovation. Beyondtheidentificationofthesecompanies,wealsoillustratesomeinsightsintotheessenceoftheirinnovation.TheGlobalInnovation100andGlobalDisruption50arenotjust150individualcompanies.Eachofthemrepresentsasmallinnovationecosystemastherecanbehundredsofsubsidiarieswithintheirorganizations.Togethertheyrepresentthedynamiclandscapeofin