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Innovative companies refers to the core technology with independent intellectual property rights, well-known brands, has a good innovation management and culture, the overall technology level in the same industry in the advanced position, to have an advantage in market competition and sustainable development ability of enterprises.
The main characteristics of the innovative companies are:
1. The enterprise internal realization of research and development system;
2. Research and development become one of the core functions of enterprises;
3. Set research and development, production, sales of the trinity;
4. The formation, development, production and sales of three interactive sound mechanism;
5. Can through continuous innovation, sustainable revenues. Continuous innovation is its essential characteristics.

According to the actual situation of Chinese enterprise, has the following characteristics of the enterprise can be regarded as a innovative companies:
1. Have the independent brand, not foundry enterprises;
2. Strong r&d strength, research and development of the number at more than 30 people;
3. Have a large business scale, the annual revenue in 80 million yuan of above;
4. Have good growth, annual growth rate in more than 20%;
5. Innovative, not pure imitation of enterprises;
6. Have a good market position in the industry or market segment in the top 5;
7. Mainly by way of endogenous growth, rather than relying on growth in the form of acquisition.
The above characteristics at least comply with three or more. Innovative companies are mainly distributed in the high-tech industry and knowledge intensive services, consumer goods industry.