PATENTS AND THE INNOVATION ECONOMY

  • Patent activity is just one more variable we can use to measure innovation in an economy, and once again, the greater Boston area is among the top performers.
  • Tech-heavy markets with highly educated workforces, like San Jose, San Francisco and Boston, account for some of the largest number of patents awarded from 2000-11.
  • On a per capita basis, these metros remain at the top of the heap.
  • Surprising markets to make the list include Detroit, where patent activity among the automobile industry remains heavy, and Boise, where utility patents (among the energy and tech sectors) dominate.

Research Matters - Graph | Patents Issued by Metro (per 1,000 residents)

Source: US Patent and Trademark Office, Colliers Boston Research