I'm sure you're familiar with the CNBC Disruptor 50, which features private companies whose innovations are revolutionizing the business landscape.
But what about companies that are not necessarily leaders in disruptive technologies but are consistently innovative in their own space?
Today I want to introduce you to a new index: the CNBC iQ 100, powered by MCAM. It's an index of 100 companies chosen from the Russell 1000, an index of the 1,000 largest companies in the United States. The index chooses 100 of those companies that are consistently innovative, updated on a quarterly basis.
What is innovative? These companies control price through market rights to original ideas or exclusive intellectual property. Traditionally, this means patents, trademarks and copyrights, but it can also mean trade-secret rights or even more hard-to-measure concepts, like water rights or pollution rights.