Our Standards: The Thomson Reuters Trust Principles. As a result, the Reuters ranking shows significant declines in rank for leading Japanese universities, including the University of Tokyo (down five spots to #21), Osaka University (down 13 to #24), and Keio University (down 25 to #78). University of Pennsylvania. 1. In contrast, there are only two Asian universities in the top 20, both of which are based in South Korea, and one of them actually teaches the majority of its classes in English: South Korea’s KAIST, formerly the Korea Advanced Institute of Science and Technology, ranked #6. Overall, the top ranks of The World’s Most Innovative Universities remain largely unchanged, with nine of last year’s 10 highest-ranked universities remaining in the top 10. Overall, the top ranks of The World's Most Innovative Universities remain largely unchanged, with nine of last year’s 10 highest-ranked universities remaining in the top 10. In fourth place is the University of Pennsylvania, which climbed four spots from #8 last year. Rounding out the top three are MIT and Harvard, which have held onto their respective 2nd and 3rd place rankings for the past three years. EPFL. In Reuters Top 100 World's Most Innovative Universities 2019, DTU is ranked: No.1 in the Nordic region No. Of course, while Japan struggles, other Asian nations are growing fast. REUTERS/Denis Balibouse, 13. That’s the conclusion of Reuters’ annual ranking of the World’s Most Innovative Universities, a list that identifies and ranks the educational institutions doing the most to advance science, invent new technologies and power new markets and industries. Students walk out of a faculty building of Imperial College London, Britain, May 27, 2016. All of these universities produce original research, create useful technology and stimulate the global economy. REUTERS/Lindsey Wasson, 6. China has gone from one university on the list in 2015 to two in 2016, and now three in 2017. Learn more about Thomson Reuters products: All quotes delayed a minimum of 15 minutes. REUTERS/Brian Snyder, 4. Stanford University. Established in 1971 by the Korean government, KAIST was modeled after engineering schools in the United States, and initially funded with a multimillion-dollar loan from the United States Agency for International Development. REUTERS/Noah Berger/File Photo, 15. Harvard. Why does Asia underperform? REUTERS/Toby Melville/File Photo, 9. Furthermore, the global list is restricted to institutions that filed 70 or more patents with the World Intellectual Property Organization during the five-year period examined by Thomson Reuters. REUTERS/Mario Anzuoni. Handout via Reuters, 14. An institution’s relative ranking may change from list to list, since each ranking is dependent on summarizing 10 indicators and comparing that with others in a specific population; when that population changes, individual rankings might change as well. Imperial College London. REUTERS/Jon Herskovitz/File Photo, 7. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. And the most elite institutions are almost all large, well-established universities based in the United States and Western Europe. REUTERS/Brian Snyder/File Photo, 3. Reuters Top 100 World's Most Innovative Universities 2019 Information, analytics and exclusive news on financial markets - delivered in an The Fisher Fine Arts building on the campus of the University of Pennsylvania in Philadelphia, Pennsylvania, U.S., September 25, 2017. University of California System. All quotes delayed a minimum of 15 minutes. The library of the university KU Leuven "Katholieke Universiteit Leuven" is pictured in Leuven, Belgium, June 8, 2016. Japan had nine universities on the list in 2016, but only has eight this year; six of those eight universities saw their rank fall from 2016, and one was unchanged. That means less money for research and fewer innovations. REUTERS/Francois Lenoir, 8. MOSCOW (Reuters) - IKEA Group on Thursday signed a delivery cooperation agreement with Russian Post in a bid to reach more customers as it develops its local... BEIJING (Reuters) - Ant Financial's Alipay, the operator of one of China's top two mobile payment apps, said hackers have taken an unknown amount of money from... TAIPEI (Reuters) - Taiwan's Foxconn, a key Apple Inc supplier, reported a 30 percent jump in September revenue on Thursday, boosting expectations for solid... (Reuters) - The U.S. Securities and Exchange Commission, Tesla Inc and Chief Executive Officer Elon Musk submitted a joint filing late on Wednesday in support... Our top news photography from the past year.