New Delhi: Wipro Ltd, HCL Technologies, TCS, and Tech Mahindra are among the top innovators from the IT and ITeS companies in South and South East Asia where India has reinforced its position as an innovation hub.
This has come to light in a report of Clarivate Plc, a global provider of information and insights to accelerate the pace of innovation.
On Tuesday, it released a new report on Innovation in South and South East Asia, stating that 64 percent of the 235 leading innovators in these regions are Indian organizations, reinforcing the country’s position as a regional research and innovation hub.
Governments and academic institutions in the region are pivotal to enabling innovation. They constitute 57% of the top innovators in the report.
Science, technology, and innovation are at the forefront of South and Southeast Asian countries’ national agendas. The Association of Southeast Asian Nations (ASEAN) Plan of Action on Science, Technology, and Innovation (2016 to 2025) and ASEAN IPR Action Plan (2016 to 2025) show why and how science, technology, and intellectual property (IP) can contribute to national and regional socio-economic development goals.
At a national level, the report said, the Government of India has identified innovation as a priority, with initiatives such as Innovate India, a platform for showcasing innovation.
The concerted policy push by governments and new initiatives from IP offices in the region to encourage IP investment and make IP protection more affordable are encouraging a culture of innovation and IP.
South and Southeast Asian innovators identified in the report saw their inventions rise by 10% year on year between 2014 and 2018, it said.
Jeff Roy, President, IP Group, Clarivate, said that South and South East Asia are among the most dynamic and diverse regions in the world and innovation is key to their future growth.
The research was conducted using patents filed between 2014 and 2018 by organizations that originate from the region. From the analysis of over 75,000 inventions across the region, 235 organizations made the final list of key innovators in the region.
These organizations were based in 9 countries — Brunei Darussalam, India, Sri Lanka, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Vietnam and included government research institutions, academia, and corporations.