Intellectual Property and Innovation
The Department of Commerce has issued an interesting report concerning intellectual property and innovation. The report employs U.S. Patent and Trademark Office administrative data to identify the industries that most intensively use the protection offered by patents and trademarks. ‘Pharmaceuticals & medicines’ and ‘medical devices & supplies’ industries are among the most intensive users of patents. Data is presented showing that the pharmaceuticals & medicines sector has 46.8 patents per 1,000 employees, which while high, is significantly lower than the computer and peripheral equipment sector’s ratio of 277.7 patents/1,000 jobs and the communications sector (264.8): http://www.esa.doc.gov/sites/default/files/reports/documents/ipandtheuseconomyindustriesinfocus.pdf.