Skip to main content
Updated:
Original:

Two Minnesota firms among top 50 'most innovative' in the world

Author:

Two Minnesota firms are featured on an annual a list of the World's 50 Most Innovative Companies.

The Boston Consulting Group (BCG) has published its 2015 rankings of the companies who have proven to be fast adopters of technologies, and financing research and development.

St. Paul-based 3M is list at 40th, while Medtronic in Minneapolis (though its executive office is technically in Ireland, it's a Minnesota-founded company) came in at 42nd in a list topped by Apple and Google in 1st and 2nd, respectively.

3M gets several shout-outs during the BCG report, noting that the company – which counts Scotch, Post-It and Nexcare among its brands – is a "recurring member" on the list and is one of the firms that traditionally blazes a trail for later tech upstarts.

It highlights 3M's policy of allowing employees to spend up to 15 percent of their working time on their own projects, using company funds if necessary – a policy replicated by Steve Jobs at Apple and at Google.

Medtronic, meanwhile, is one of the world's leaders in electronic medical device and hospital supply companies, starting as a pioneer in technology to treat irregular heart rates in the 1950s and later becoming a worldwide player.

Its appearance in the rankings comes as the company on Thursday reported its most recent quarterly results, which show it made a $520 million profit on revenue of $7.06 billion, according to the Wall Street Journal.

Inc. reports that the rankings are compiled based on an international survey of 1,500 senior business executives. As well as its focus on innovation and research, firms also scored highly for the amount of dividends they return to investors.

Tech companies and car makers featured heavily, with Tesla, Microsoft and Samsung ranking 3rd-5th, while Toyota, BMW and Amazon are also in the top 10.

Next Up

Tanner Morgan

Report: Gophers to play in Guaranteed Rate Bowl

The Gophers will reportedly head to Phoenix to take on West Virginia.

Adam Thielen

Winless Lions beat Vikings on final play of game

Adam Thielen also left early with an ankle injury

Payton Willis / Gopher Basketball

Gophers improve to 7-0 on Willis' late 3-pointer

The Gophers earned back-to-back road victories for the first time since January 2017.

Flickr - police lights squad siren - Edward Kimmel

Woman in critical condition after being shot in the head in St. Paul

Officers responded to the incident at around 2:45 a.m. Saturday.

Alexander Mattison

Vikings-Lions: 5 things you can count on

It's a great time for the Vikings to play the Lions.

covid

Omicron variant confirmed in Wisconsin man who traveled to South Africa

Five other cases have been confirmed and linked to a Wisconsin wedding.

Sharon Mollerus - duluth - snow plow car

Sunday snowstorm walloping MN's North Shore with huge totals

Just ridiculous snow totals expected the rest of Sunday.

Screen Shot 2021-12-05 at 6.49.03 AM

Saturday snow causes havoc on Twin Cities roads

There were countless spinouts and crashes across Minnesota.

Kirill Kaprizov

Wild win battle of NHL's hottest teams, extend winning streak to six

Kirill Kaprizov delivered a shootout winner to take down the Maple Leafs.

Related

List of 'World's Most Innovative Companies' includes two in Minnesota

Forbes magazine has once again recognized St. Paul-based Ecolab and Golden Valley-based General Mills on this year's list of the “The World’s Most Innovative Companies." Ecolab ranks No. 31 and General Mills is 50th out of 100 global companies. Both Minnesota-based firms were on the magazine's 2011 list.

General Mills, Securian, Medtronic among top places to work in IT

All three Twin Cities firms were named on Computerworld’s list of the "100 Best Places to Work in IT 2012." Golden Valley-based General Mills came in fourth, St. Paul-based Securian Financial Group ranked No. 10 on the list and Fridley-based Medtronic went from 23rd place last year to 99th this year.

Two Minnesota breweries are among the "Best Brewers in the World"

Brooklyn Center-based Surly Brewing Co. was ranked No. 11 by RateBeer.com. Minneapolis Town Hall Brewery also made the list at No. 42. The top-100 rankings are based on user ratings and input.