Technology growth is becoming increasingly complex and the long tail of inventions is growing day by day. Any business that comes with an innovative creation has to protect it through some legally enforceable rights, and this is where patents come into action by protecting your ideas through an extensive system that has been developed around them.
We have already crossed the halfway point of the financial year and the number of patents issued shows a steady growth.
So, do you know what’s happening in the world of patents? MaxVal has recapped all the latest US patent trends from the first half of 2016.
The total number of patents issued by the USPTO between Jan’16 to June ‘16 is 168,077
- US is ranked highest with a massive number of 109,353 patents received so far followed by Japan 24,200, Slovakia 10,047, Germany 5,279, China 4,830, Taiwan 2,707, and France 2,202.
- Filing for a patent with the US Government is indeed a crucial step. But, it involves a wide swath of legal formalities. The top law firms that have represented the most number of patent grants are Oblon, McClelland, Maier & Neustadt, L.L.P, Sughrue Mion, PLLC, Birch Stewart Kolasch & Birch, Fish & Richardson, and Cantor Colburn LLP.
- Computer technology is no further behind this year than any other industry. Computer Technology, Digital communication and Telecommunications held on to the top three spots in the R&D areas with 35,464, 18,285 and 17,865 patents issued respectively. Top patent awardees in this arena were Qualcomm (542), Ericsson (828), Samsung Electronics (803), and LG Electronics (755).
- When it comes to the tech industry, patents are their lifeblood. The number of patents filed by companies such as Samsung, IBM, Canon, and Google, proves how much these tech companies rely on patents. Some of the world’s well-known discoveries have been found through university research. Although the list is lengthy, here are few of the top research institutes like the University of California, Industrial Technologies Russia, Massachusetts Institute of Technology, and Stanford University who obtained the highest number of patents during the first half of 2016.
In today’s technologically driven world, it is imperative that every business steeped in new ideas or innovations should be more IP-aware. The only way to keep the competitors at bay is creating a shield of strategic IP-protection to provide complete certainty that your place in the market is safe.
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