#5 HP Labs

The company’s advanced technology arm serves as an example for a global approach towards innovation. In India, Director Prith Bannerjee runs the lab aiming to ‘innovate for the next billion customers’ to expose the idea to the people of Palo Alto that the whole world is developing.

Instead of focusing on basic research, Prith’s team of 500 researchers focus on futuristic ideas going ten to fifteen years ahead, working in between and improvising on existing products from a six to eighteen months timeline.

The company also picks ideas from Universities in a line-up to work them out in their labs.

#4 Xerox PARC

PARC is known to have pioneered many of the technologies that make personal computing possible. But many of its benefits of intense researches were seen in other companies.

There was a great extension of transformation then. Since 2002, the company has completely been a part of Xerox, and companies like Samsung, Sony and P&G have partnered with PARC for projects on print and electronic technology, optics and futuristic communications.

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