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: Technology & Innovation

Chart Dec 13, 2017

Patenting is Closely Related to Innovation

Though many patents are certainly valuable to workers and firms that possess them, it might be less immediately obvious whether patents are closely associated with innovation. Measuring this link is critical to understanding both the social benefits of the patent system and the usefulness of the patent-based approach to analyzing innovation. In this chart the share of firms reporting that they had implemented an improved product, service, or business method is plotted against the number of patents generated by every 1,000 employees.

Chart Oct 20, 2014

Comparison of U.S. Patents Filed under the Patent Cooperation Treaty for Clean Energy and Water Purification, 1999-2011

Solutions to the country’s growing water challenges lie, in part, with the development and adoption of new innovative technologies. Yet, in comparison to the clean energy sector, innovation in the water sector has remained low. Using the numbers of patents filed in clean energy and water purification as indicators, the clean energy sector has exhibited a much higher rate of innovation over the past decade.