Patenting Innovation Is National Power As the Center for Strategic and International Studies notes, innovation in an important factor in a nation maintaining global power. Patents secure the rights for companies and national economies to generate GDP by producing products that other countries will buy and import. So, patents are critical to securing income from innovation. However, patenting strategy, whether on the national or corporate level is also critical to directing resources efficiently and effectively. You can’t have a patenting strategy if you don’t analyze the landscape. China’s activity in global patenting is booming. Although it does not necessarily represent a drastic increase in novel innovation, it does signal desire to compete. Some have been very critical of the value of China’s Patenting… Center for Strategic and International Studies (CSIS) CNIPA National Patent Development Strategy explicitly equates patent generation with innovation and calls for government incentives to bolster the number…
patents
Technology Cycle Time (TCT) is an accepted way to evaluate the pace of technological development although it requires some special considerations. A good analogy is how a chainsaw is a good way to cut down a tree, but it also presents many risks, including the inherent risk of felling a large object. Error of judgement, calculation or interpretation could be fatal. Here is some stark evidence that TCT calculations are a reliable indicator of the current technological environment. The speed of technological development is slowing in recent years. Is this only due to the economic situation? Unlikely. TCT in the USPTO shows that the slowing technological development preceded the economic crisis of 2007. Although overall patenting is increasing dramatically, the rate that the technology is replacing itself is actually slowing. Some evidence of this can be seen when you look at the average processor speed in PC’s and notebooks. Although…
