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Most innovative companies in the world
Bangalore based mobile advertising company InMobi has made it to MIT Technology Review's 50 Disruptive Companies of 2013. The only Indian company to feature on the list, InMobi is challenging Google and Apple in the market for mobile ads.
MIT Technology Review's list is meant to capture the ways innovations are commercialised. The list is not based on market performance, patents filed or R&D spend. It does not rank any of the companies either.
Rather, it identifies global companies that are pushing the envelope of current business models to drive innovation and create significant impact in the market.
The only Indian company, InMobi, offers mobile advertising solutions and reaches 578 million global mobile users in over 165 countries.
Naveen Tewari and Amit Gupta founded the company in 2007 as an an SMS-based search platform. It was earlier known as mKhoj.
Here are some of the well-known innovators among the list of 50. The following list does not contains all the names.
InMobi
Challenging Google and Apple in the market for mobile ads. InMobi sells, distributes, and helps make the ads.
Founded: 2007
Headquarters: Singapore (founded in Bangalore)
Employees: Over 800
Funding raised: $215.5 million
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Most innovative companies in the world
ABB
Perfecting a circuit breaker for high-voltage DC lines - a crucial step for widespread use of renewable energy.
Founded: 1883
Headquarters: Zurich, Switzerland
Employees: 145,000
Market capitalisation: $49 billion
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Most innovative companies in the world
Amazon
Cranking up the appeal of purchasing goods online by offering same-day delivery in some places.
Founded: 1994
Headquarters: Seattle, Washington
Employees: More than 51,300
Market capitalisation: $122 billion
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Most innovative companies in the world
Apple
Improving displays by extending its Retina technology from small screens to MacBooks and iPads.
Founded: 1976
Headquarters: Cupertino, California
Employees: 73,000
Market capitalisation: $440 billion
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Most innovative companies in the world
ARM Holdings
Becoming a bigger factor in computing as it expands from mobile chip designs into tablet, PC, and server processors.
Founded: 1990
Headquarters: Cambridge, United Kingdom
Employees: over 2,300
Market capitalisation: $20 billion
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Most innovative companies in the world
Audi
Pushing autonomous cars closer to fruition with a laser-scanning road detector that fits in a vehicle's front grille.
Founded: 1909
Headquarters: Ingolstadt, Germany
Employees: 68,000
Market capitalisation: $34 billion
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Most innovative companies in the world
Corning
Producing a new kind of glass that is thin and flexible yet strong enough to be used in touch-screen devices.
Founded: 1851
Headquarters: Corning, New York
Employees: 29,000
Market capitalisation: $19 billion
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Most innovative companies in the world
Dow Chemical
Commercialising roof shingles that incorporate photovoltaic materials and thus double as cheaply installed solar panels.
Founded: 1897
Headquarters: Midland, Michigan
Employees: 54,000
Market capitalisation: $45 billion
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Most innovative companies in the world
Figuring out how to correlate online and offline activity, which should lead to novel advertising methods.
Founded: 2004
Headquarters: Menlo Park, California
Employees: 4,619
Market capitalisation: $67 billion
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Most innovative companies in the world
General Electric
Helping utilities make use of wind and solar. A new GE gas turbine ramps up quickly when greener power isn't available.
Founded: 1890
Headquarters: Fairfield, Connecticut
Employees: 305,000
Market capitalisation: $245 billion
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Most innovative companies in the world
Running the most widely used smartphone software, which has greatly expanded the competition for devices.
Founded: 1997
Headquarters: Mountain View, California
Employees: 53,861
Market capitalisation: $260 billion
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Most innovative companies in the world
IBM
Pushing the physical boundaries of computing with technologies including circuits that transmit data with light.
Founded: 1911
Headquarters: Armonk, New York
Employees: 433,000
Market capitalisation: $226 billion
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Most innovative companies in the world
Intel
Surpassing rivals in the performance of mobile processors, even though it still trails badly in market share.
Founded: 1968
Headquarters: Santa Clara, California
Employees: 105,000
Market capitalisation: $106 billion
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Most innovative companies in the world
Microsoft
Combining traditional computing with touch technology. Windows 8 could influence the PC and mobile markets.
Founded: 1975
Headquarters: Redmond, Washington
Employees: 94,000
Market capitalisation: $235 billion
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Most innovative companies in the world
Mozilla
Bringing the smartphone revolution to more poor countries with Firefox OS, which is based on Web technology.
Founded: 1998
Headquarters: Mountain View, California
Employees: 700
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Most innovative companies in the world
Novartis
Developing a continuous drug-manufacturing process that could combine compounds quickly and in novel ways.
Founded: 1996
Headquarters: Basel, Switzerland
Employees: 127,724
Market capitalisation: $166 billion
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Most innovative companies in the world
Philips
Making efficient LED light bulbs affordable and more useful. One new bulb can be controlled by phones and tablets.
Founded: 1891
Headquarters: Amsterdam, Netherlands
Employees: 118,000
Market capitalisation: $28 billion
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Most innovative companies in the world
Creating a social network centred on collecting and finding images of desired products and experiences.
Founded: 2010
Headquarters: San Francisco, California
Employees: 80
Funding raised: $137.5 million
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Most innovative companies in the world
Samsung
Leading the market for smartphones and making a tablet that is one of the few credible challengers to the iPad.
Founded: 1938
Headquarters: Seoul, South Korea
Employees: 235,000
Market capitalisation: $202 billion
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Most innovative companies in the world
Siemens
Developing batteries and wind technologies that will be crucial in Germany's plan to rely more heavily on renewable power.
Founded: 1847
Headquarters: Munich, Germany
Employees: 370,000
Market capitalisation: N/A
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Most innovative companies in the world
Toyota
Expanding its dominance of the hybrid-car market with its new plug-in version of the Prius.
Founded: 1937
Headquarters: Toyota City, Japan
Employees: 326,000
Market capitalisation: $160 billion
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Most innovative companies in the world
Xerox
Automating urban services. A Xerox system in Los Angeles changes the price of parking spots as demand fluctuates.
Founded: 1906
Headquarters: Norwalk, Connecticut
Employees: 140,000
Market capitalisation: $10 billion