Stanford University, the Massachusetts Institute of Technology and Harvard University top the fourth annual Reuters Top 100 ranking of the world’s most innovative universities, a list that identifies and ranks the educational institutions doing the most to advance science, invent new technologies and power new markets and industries.
The Reuters Top 100 is compiled in partnership with Clarivate Analytics and is based on proprietary data and analysis of numerous indicators including patent filings and research paper citations. Those were then cross-referenced with patent filings, which point to an institution’s interest in protecting and commercializing its discoveries.
US continue to dominate the list. German universities have the most number of universities, 23 Universities in the Reuter’s list. Only one university is new to this list The Norwegian University of Science & Technology, or NTSU. Chinese universities are focusing on this direction all thanks to its new government.
Stanford stands solid as the numero uno innovative university in the world. Recent Stanford research highlights include several developments in the field of artificial intelligence, including the next generation of camera systems to guide self-driving cars and simulators that can predict potential drug interactions before new pharmaceuticals are ever tested on humans.
Other factors such as government also influence these rankings, for instance owing to UK’s Brexit; European Union may already be pushing research out of the country. These rankings are based on 10 indicators in comparison with others in a specific population.
Reuters Top 100 World’s Most Innovative Universities measures the innovative capacity and achievement of universities.
The ranking is made up of ten indicators:
- Patent Volume
- Patent Success
- Global Patents
- Patent Citations
- Patent Citation Impact
- Percent of Patents Cited
- Patent to Article Citation Impact
- Industry Article Citation Impact
- Percent of Industry Collaborative Articles
- Total Web of Science Papers
The University Of Manchester (UK) showed the biggest improvement in rank, surging 27 places in comparison to its showing in 2017. One explanation for this rapid rise is the university’s world-leading research on graphene. The university is home to the UK’s National Graphene Institute, as well as graphene pioneers and 2010 Nobel Prize recipients in Physics Sir Andre Geim and Sir Konstantin Novoselov. Patents relating to graphene account for about a quarter of all filings from the university over the six-year period surveyed (2011 – 2016).
MIT Innovation Initiative collaborates with all five schools at MIT to strengthen the vibrant culture and programming of innovation and principled entrepreneurship. They combine opportunities for hands-on innovation and entrepreneurship education, building a dynamic innovation infrastructure across campus, and fostering a connected community of innovation science researchers focused on global relevance and impact.
The MIT Innovation Initiative administers the interdisciplinary Entrepreneurship & Innovation Minor. The minor is designed to prepare MIT undergraduates to serve as leaders in the innovation economy with the knowledge, skills, and confidence to develop, scale, and deliver breakthrough solutions to real-world problems.
The Stanford Innovation and Entrepreneurship Certificate Program teaches you essential skills and effective strategies for working in and managing innovative organizations – and for starting new ones. In Online Innovation Courses designed to engage and inspire, you will learn by doing from some of Stanford’s best in the field.
The Harvard innovation lab (i-Lab) is a new initiative which aims to promote team-based and entrepreneurial activities among Harvard students, faculty, entrepreneurs, and members of the Allston and Greater Boston community. The i-Lab’s stated aim is to promote entrepreneurship and innovation across the University, bringing together many cross-curricular interests, including students from all Harvard colleges.
Setting up innovation centres has proved to be successful for all the top notch universities. Not only the university moves up the ladder of rankings it also creates a brand image for itself which helps attracts more students and Corporate as well. Thereby, setting a formal structure for implementing innovations in Universities becomes vital. Students solve real-time problems, getting a glimpse of this entrepreneur world. These top universities not only brought honor for them but for the whole country as well.
Prime Minister Narendra Modi said, “Life would become a burden without innovations. In our ancient universities like Takshshila, Nalanda and Vikramashila, innovations were given emphasis along with knowledge”.
Innovation not necessarily means creating new method, idea or product but it also means using current and new resources in a more innovative and efficient way. Education is often taken to be synonymous with the new software or novel use of technology.
It is important for students in long-run as they gain knowledge about the importance of competitive advantage in businesses thereby equipping students.
Globalization is making Universities embrace entrepreneurship thereby fostering innovations.Entrepreneurship requires inventive thinking thus creating a startup culture stimulating innovations.
With the upcoming new Industrial revolution, which uses Artificial Intelligence, Quantum Computing and other technologies that is yet to be discovered, this will have a huge impact on our economy and our society. Researchers in humanities and social science can also help us in innovations as well.
Universities should encourage this culture of innovations. Young students are driven with creativity and new energy therefore it is the responsibility of the university to channel their efforts and thinking into more productive direction. Many students come to college with the hope to make a change in the society. In today’s economy, when the future of work is changing faster than our old models of education can accommodate, this is no easy task. Universities should adapt or remodel their framework according to the changing times; setting up of an Innovation Centre in University, becomes important.
Rapid developments in technology are enforcing Universities to reconsider their teaching patterns and bring changes, accordingly. It is also important for the University to encourage innovations for enhancing their own brand value and brand image resultant being more credibility as development, success is closely inter-related to innovations.
Dynamic Job Market is leading to developments in employability. These dynamic jobs will require new and different skill set from our students. Corporate world expects us to inculcate critical thinking and ability to solve unique technological problems, differently in our students.
According to the data, collected by Clarivate Analytics in partnership with Reuters.
North American universities dominate the list of the most innovative universities in the world, the fourth annual ranking of the world’s most innovative universities shows that 48 North American universities feature among the top 100 – 46 from the USA and two from Canada. Stanford University, the Massachusetts Institute of Technology and Harvard University have claimed the top three spots, respectively.
Cal State East Bay
Most Diverse Public Institution in the Continental United States.CSU East Bay’s MBA for Global Innovators is a unique kind of MBA program — it creates an incubator environment that mimics the international business world. This program allows MBA-seeking students to work with experienced professionals and entrepreneurs to learn the ins and outs of global innovation.
Master of Science: Innovation & Entrepreneurship
This degree dives deep into product design and development to suit the needs of our rapidly growing and changing global marketplace. Students tackle real-world projects that teach them how to apply their skills and innovative strategies to existing businesses in need of fresh perspectives.
Impactful Strategies adopted by innovative universities-
1.Top Institutions Spend Money on Research and Development.
2. Innovators Invest in Physical Spaces that Support Creativity.
3. Colleges forge long-term industry partnerships.
It’s important for universities to adopt and revolutionize from and time and again and encourage innovations in their respective institution. University should instill creativity in their students by conducting fairs and providing more practical and on-field work.
It’s not a solid rule in rulebook that Universities work better if they are more innovative but, it is a universally accepted fact that is the reason why Stanford still ranks first.
Multipurpose Smart Street Bin describes the scope of work of “Smart Bins” in managing the waste collection system for an entire city. The network of sensors enabled smart bins connected through the cellular network generates a large amount of data, which is further analyzed and visualized at real time to gain insights about the status of waste around the city.
Benefits of using Smart Bins
To manage waste collection through Sensor Based Smart Dustbins
- It will stop overflowing of dustbins along roadsides and localities as smartbins are managed at real time.
- The filling and cleaning time of smart bin will also be reduced thus making empty and clean dustbins available to common people.
- It also aims at creating a clean as well as green environment.
- By using the route algorithm it will smartly find the shortest route thus it will reduce the number of vehicles used for garbage collection.
- Send optimized routes directly to drivers.
- It will reduce fuel Consumption.
- Less amount of fuel consumed by vehicles thus can save a large amount of money as well.
Smart Bins with sensors
LED Display System for public information
Street Information Boards
The main objective of Smart City mission is to promote cities that give a decent quality of life to its citizen, a clean and sustainable environment. The new technologies by can provide visibility on solid waste management, route planning for garbage collection, resource optimization, efficient maintenance, visibility of waste bins etc.
What are the problems and challenges faced by the Indian Innovators and what can be done so that more companies and individual innovators participate in the Open innovation models?
Organization, including fortune 500 companies have become more collaborative to accelerate innovation in their internal and external channels.PWC, Unilever, kimberly-clark, Microsoft, Infosys, American airlines and many more are on board ,why?
Because there’s so much we can draw out from collective wisdom
(They have a million ways to help you nail down what you want to achieve)
Labs are now commonplace across industries from retail, to telecoms and travel.
But what exactly is an innovation lab, and how do they work?
How to define an innovation lab?
The drawing below shows there are many ways to encourage innovation within a business.
The challenges of setting up an innovation lab
Andra Sonea, systems architect, eloquently sums up some of the many questions that companies need to ask themselves in the course of creating an innovation lab.
I’ll paraphrase slightly as follows:
- What roles should be filled?
- What types of people make the best innovators?
- Should you recruit from inside the company or look for fresh perspectives?
- Do you define a governance framework from the beginning or let it evolve?
- What projects will you prioritise?
- How do you integrate with the rest of the organisation and not be perceived as outlaws?
- Do you need dedicated infrastructure?
- How can ideas be tested softly? Who are your actual clients?
The aims of the innovation lab
Whilst the goal of any innovation lab is ultimately to create new revenue streams or bolster existing ones by improving productivity or speed, there is much more to consider.
Incubating a new culture
Many think of culture as the wishy washy side of both innovation and digital transformation.
Fairly obviously, this is a large part of what innovation labs promise. That can involve hackathons or day-long collaborative events.
This isn’t always an aim of innovation labs, but opening up data for third parties to innovate can be a good method of early product development in certain industries.
There are many positives for opening Innovation Labs but these are only one element of innovation. I think key is combining the right mix of teams, a mix of technical expertise, business expertise and creativity and of course speed to market for new products. Hence alot of the great new innovations, like Hive, seem to be emerging from startups where everyone is encouraged to innovate.