Despite the rise of China, US patents remain the global currency of innovation 04 Jan 13
In December, the World Intellectual Property Organization (WIPO) released global patent filing statistics for 2011 as part of its annual World Intellectual Property Indicators report. This data revealed that China’s State Intellectual Property Office (SIPO) had overtaken the United States Patent & Trademark Office (USPTO) to become the largest patent examining authority in the world according to the number of applications it receives. While WIPO suggested that “the geography of innovation has shifted”, the growth in SIPO’s workload cannot tell us anything for sure about the quality of the applications it handles or the strategic business value of the patents it grants – or, for that matter, about the innovation in the inventions those patents protect. Nevertheless, the growth of patenting activity in China should not be ignored by IP owners.
Want to read more?
Register to access two of our subscriber-only articles per month
Subscribe for unlimited access to articles, in-depth analysis and research from the IAM experts
What our customers are saying
IAM explores how businesses can leverage IP rights as real assets beyond their traditional use. As the magazine addresses IP management issues without overly dwelling on legal matters, I consider it an eminently useful reference for innovative business executives.
Dr Frank Cuypers
Subscribe to receive access to the full range of premium business intelligence, insights and analysis, as well as our IP directories, guides and daily news.
Register for more free content
- Read more IAM blogs and articles
- Receive the editor's weekly review by email