For the second year in a row,
in St. Paul and General Mills Inc.
in Golden Valley made Forbes
magazine’s list of 100 of "The World's Most Innovative Companies."
Ecolab came in 31st, while General Mills was number 50.
The leading companies were Salesforce.com, Alexion Pharmaceuticals, and Amazon.com, according to Forbes.
To get its results, the magazine used the “Innovation Premium,” which measures “how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results,” the article states.
Furthermore, companies on the list “must have $10 billion in market capitalization, spend at least 2.5% of revenue on R&D and have seven years of public data,” it reads.