Apparently Canadian institutions need to do a little bit more when it comes to innovation. The most innovative universities in the world include only two Canadian schools. It's time for schools to amp up research and start making an even bigger impact on the world stage.

A new university ranking by Reuters looks at schools from all over the world and how innovative they are. Only 100 schools make the list from countries like the U.S., Canada, South Korea, France and more. 

Canadian universities aren't the best when it comes to innovation if this ranking is anything to go by, but the schools still do great research and innovative work. 

"[The World's Most Innovative Universities is] a list that identifies and ranks the educational institutions doing the most to advance science, invent new technologies and power new markets and industries," according to a Reuters news release.

Most of the universities in the ranking are from the U.S. which dominates the list with 46 of 100. That's followed by Germany which has the second-highest number of universities on the list with only nine out of 100. 

The only Canadian university in the top 30, the University of Toronto, only makes it on the list at spot 27. According to the rankings, the university has almost 100,000 students across its three campuses.

The university has filed 286 patents between 2012 and 2017 but only has a success rate of 36 percent. 

Most of the patents come from pharmaceuticals and biotech which makes up 26.7 percent of all of the university's patents and then agriculture, forestry and food make up 21.4 percent of all of its patents. 

The University of Toronto has a commercial impact score of 33.4 which is slightly below the average score of just over 40. The impact score indicates how often research that started at the university influenced commercial research and development activity. 

Even though the average is exactly 40.5, the highest possible score is 200. 

To find the next Canadians school on the list you have to go all the way down spot number 53, where the University of British Columbia is ranked. 

"Current and past faculty and students include eight Nobel laureates, three Canadian prime ministers and more than 200 members of the Royal Society of Canada," stated Reuters.

Despite the high profile people who attend UBC, it only has a commercial impact score of 28.1 and 204 patents filed between 2012 and 2017. 

The University of Toronto and UBC are the only Canadian schools to make the entire list which is out of 100. You might think it's bad that only two Canadian schools made the list, but it is a ranking of universities from all over the world so having two on the list and one in the top 30 is pretty good. 

The top school in the world when it comes to innovation is Stanford University. It's the fifth year in a row the university has topped the Reuters rankings. 

"The university has locked down the top spot by consistently producing new patents and papers that influence researchers around the globe," stated Reuters. 

Stanford filed 728 patents between 2012 and 2017 and has a success rate of 40.8 percent. Its commercial impact score is 75.2 which is well above the average score and the University of Toronto's score. 

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