The United States has retained its position as the world’s most inventive country. But, the World Intellectual Property Organization says countries in northeast Asia are catching up. Last year, WIPO says 156,000 patent applications, a record number, were filed, representing a 4.7 percent increase over the previous year. Lisa Schlein reports for VOA from WIPO headquarters in Geneva.
The says the growth in patent filings by several countries in northeast Asia confirms shifting patterns of innovation around the world. It notes nearly 26 percent of all international patent applications last year came from Japan, South Korea and China.
Knee-jerk reaction to news: Improve education in math and science, discourage the bread and circuses, and expand H1-B visas.
Meanwhile, the Small Business and Entrepreneurship Council has a new report out, “Patent Reform: Protecting IP, Enabling Innovation, & Bolstering Entrepreneurship.” New York Times summary:
Raymond Keating, the group’s chief economist, said the patent system needed to be restructured to bolster patent quality while reducing costs. Other reforms, he said, should include patent litigation, international harmonization and a shift to a first-inventor-to-file approach, as opposed to first-to-invent.
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