Home / Knowledge / News / Textiles / BASF and Dow announce support for New Patent Asset Index
BASF and Dow announce support for New Patent Asset Index
Oct '09
BASF SE and The Dow Chemical Company, the world's two largest chemical companies, today jointly announced their support for the Patent Asset Index, a new methodology that measures research and development (R&D) effectiveness, innovation strength and how these factors lead to sustained competitive advantage.

Findings based on 2008 results rank BASF first in the overall Patent Asset Index. Dow ranks first in a critical measurement of the Patent Asset Index - Competitive Impact. These results show that BASF and Dow are among the most innovative companies in the global chemical industry.

The new Patent Asset Index created by Professor Holger Ernst of the WHU - Otto Beisheim School of Management is a science-based metric that overcomes the key limitations of current patent analytics by offering a global perspective, more transparency and a more robust quality measurement for the assessment of patent portfolios. In comparison to other methodologies, the Patent Asset Index takes into account the total global patent portfolio of a company and is not restricted to a just a single country or a limited period of time.

"We now have an important indicator for the sustainability of innovative strength, especially with regard to technology and R&D oriented companies on a global level," said Ernst.

Ernst, Chair of Technology and Innovation Management at WHU and renowned expert in the area of measuring innovation, has initially applied his new methodology to rank the innovation strength of large, global chemical companies and plans to rank companies in other industries in the future.

The Patent Asset Index is comprised of several sub-components and measures the overall strength of a company's patent portfolio. It is based on two factors: (1) "Portfolio Size" (the number of worldwide active patent families) and (2) "Competitive Impact," which is the combination of Technology Relevance and Market Coverage. "Technology Relevance" measures the number of citations a patent receives in other patents, and "Market Coverage" measures the extent of patent protection in global markets. Thus, the Patent Asset Index offers a more detailed, accurate and robust perspective than current methodologies used to measure innovation strength.

According to the 2008 results, Dow's patents are the most cited in other patents, placing Dow first in the Technology Relevance measurement and thus also in the related Competitive Impact metric. BASF clearly leads the overall Patent Asset Index showing the company's global innovation strength.

"The nature of R&D has changed significantly in the past decade, however the methods for analyzing the performance of R&D organizations have not changed," said Dr. William F. Banholzer, Dow's Executive Vice President and Chief Technology officer. "We are in complete support of this new method, which takes into account the quality and quantity of innovation and provides a result that not only allows a company to benchmark itself against its peers, but also provides an accurate, overall view of the impact and efficiency of an enterprise's investment in innovation."

Must ReadView All

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Apparel/Garments | On 25th Oct 2016

US most sought after market for UK retailers: Global-e

A majority of the retailers in the UK consider US to be their most...

Courtesy: Fila Korea

Textiles | On 25th Oct 2016

Fila Korea to set up R&D centre in China

Leading apparel brand Fila Korea is planning to establish an apparel...

Interviews View All

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search