{"id":276869,"date":"2024-09-09T15:47:05","date_gmt":"2024-09-09T14:47:05","guid":{"rendered":"https:\/\/clarivate.com\/?p=276869"},"modified":"2025-08-17T09:58:25","modified_gmt":"2025-08-17T09:58:25","slug":"the-next-wave-of-innovators-who-to-watch-in-2024","status":"publish","type":"post","link":"https:\/\/clarivate.com\/intellectual-property\/blog\/the-next-wave-of-innovators-who-to-watch-in-2024\/","title":{"rendered":"The next wave of innovators: Who to watch in 2024"},"content":{"rendered":"<p>Did you know that over 80% of executives rank innovation among their top three priorities, yet only 10% are satisfied with their organization\u2019s innovation performance<a href=\"#_ftn1\" name=\"_ftnref1\"><sup>[1]<\/sup><\/a>? This striking gap underscores the critical need for robust patent benchmarking data to inform better decision-making and drive innovation success.<\/p>\n<p>Our latest report, \u201cInnovators to Watch 2024,\u201d shines a spotlight on the organizations on the cusp of breaking into the Clarivate\u2122 Top 100 Global Innovators\u2122 rankings. These companies are not just keeping up with the times but are on an innovation trajectory that could define the future of global innovation. Understanding who these organizations are and how they\u2019ve improved between 2018 and 2024 provides a valuable benchmark for businesses looking to enhance their innovation strategies.<\/p>\n<h3>The \u2018return on innovation\u2019 equation<\/h3>\n<p>Innovation is a crucial driver of economic growth and business success. Research from <a href=\"https:\/\/www.gsb.stanford.edu\/insights\/how-innovation-drives-economic-growth\" target=\"_blank\" rel=\"noopener\">Stanford Graduate School of Business<\/a> demonstrated that high-quality innovation, measured by patent activity, can significantly contribute to economic productivity. Moreover, successful organizations often attribute their growth to their ability to innovate and adapt. For instance, companies like Baidu and Juniper Networks, featured in our report, have demonstrated remarkable advancements in their respective fields, underscoring the link between innovation and business success \u2014 the all-important \u2018return on innovation\u2019.<\/p>\n<h3>Spotlight on innovators to watch<\/h3>\n<p>This year, we identified 36 organizations that have shown remarkable improvements in their innovation rankings. These companies span various industries and regions.<\/p>\n<ul>\n<li><strong>Juniper Networks:<\/strong> A United States-based telecommunications company climbed 825 places in the innovation rankings since 2023.<\/li>\n<li><strong>Subaru:<\/strong> Known for its automotive innovations, Subaru improved its ranking by 818 places.<\/li>\n<li><strong>Novatek Microelectronics:<\/strong> This Taiwanese semiconductor company scaled 608 places since 2023.<\/li>\n<li><strong>Disco<\/strong>: A Japanese industrial systems company and a 2023 Innovator to Watch graduated to Top 100 Global Innovator status in 2024.<\/li>\n<\/ul>\n<blockquote class=\"blockquote\">\n<p class=\"mb-0\">\u201cThe organizations featured in this report are the trailblazers of tomorrow. Their rapid advancements and innovative approaches are setting new benchmarks in their respective fields.\u201d<\/p>\n<footer class=\"blockquote-footer\">Ed White, Head of the Clarivate Center for IP and Innovation Research.<\/footer>\n<footer><\/footer>\n<\/blockquote>\n<h3>Industry and geographic trends<\/h3>\n<p>Our analysis reveals some fascinating trends. Japan continues to be a powerhouse of innovation, contributing over a third of the organizations on our list. The United States and Taiwan are also well-represented, with companies like <strong>Pegatron<\/strong> and <strong>Techtronic Industries<\/strong> making notable strides.<\/p>\n<p>We see a diverse mix of industry segments. The electronics and computing equipment sector is particularly strong, with companies like <strong>Cirrus Logic<\/strong> and <strong>Goodix Technology<\/strong> leading the charge. The automotive industry is also well-represented, with <strong>Mazda<\/strong> and <strong>Subaru<\/strong> making significant strides in innovation.<\/p>\n<h3>Read the report<\/h3>\n<p>The trajectories of these organizations and others on the full list illustrate a strategic approach to innovation that rewards effort with success. Other companies can learn valuable lessons to enhance their innovation cycles by understanding the data that informs these trajectories.<\/p>\n<p><a href=\"\/intellectual-property\/lp\/innovators-to-watch-2024\/\">Download the report<\/a> for the full list of organizations on the cusp of joining the ranks of Global Top 100 Innovators and for a breakdown of the data that informed the analysis.<\/p>\n<h3>References:<\/h3>\n<p><a href=\"#_ftnref1\" name=\"_ftn1\"><sup>[1]<\/sup><\/a>\u2018What is Innovation?\u2019 McKinsey &amp; Company, August 17, 2022<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you know that over 80% of executives rank innovation among their top three priorities, yet only 10% are satisfied with their organization\u2019s innovation performance[1]? This striking gap underscores the&#8230;<\/p>\n","protected":false},"author":8,"featured_media":276873,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2144],"tags":[40,238],"class_list":["post-276869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pisa","tag-ip-intelligence","tag-rankings"],"acf":[],"lang":"en","translations":{"en":276869},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/posts\/276869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/comments?post=276869"}],"version-history":[{"count":5,"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/posts\/276869\/revisions"}],"predecessor-version":[{"id":287316,"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/posts\/276869\/revisions\/287316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/media\/276873"}],"wp:attachment":[{"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/media?parent=276869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/categories?post=276869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clarivate.com\/intellectual-property\/wp-json\/wp\/v2\/tags?post=276869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}