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.
Source: US Patent and Trademark Office, Colliers Boston Research