2 MN Cos. Among “Top 100 Global Innovators”
Two Minnesota companies-Maplewood-based 3M Company and Chanhassen-based Rosemount, Inc.,-are on Thomson Reuters' 2011 “Top 100 Global Innovators” list, which was released Tuesday.
Companies that made the unranked list are world leaders in innovation, according to Thomson Reuters.
To compile the list, Thomson Reuters analyzed companies from around the world that were granted at least 100 patents during the past three years. It then assessed companies based on various data, including patent approval success rate and the number of times a company's invention was subsequently cited by other companies in their inventions. Companies were also assessed based on how well they protect and enforce their intellectual assets, according to Thomson Reuters.
United States-based companies-of which 40 appeared-dominated the list, followed by companies based in Japan (27) and France (11).
3M Company is among Minnesota's five-largest public companies based on revenue, which totaled $26.6 billion in its most recently completed fiscal year. It develops technologies for the consumer, electronics, health care, industrial, and transportation industries.
Rosemount, a subsidiary of St. Louis-based Emerson, manufactures and sells sensors that measure pressure, temperature, level, and flow.
Several companies that are not based in Minnesota but have significant operations in the state made Thomson Reuters' list. They include Fairfield, Connecticut-based General Electric Company, Armonk, New York-based IBM Corporation, Morristown, New Jersey-based Honeywell International, and Midland, Michigan-based Dow Chemical Company.
To see the full list, click here.