Thomson Reuters has updated their 2008 report on the Chinese boom in patenting. In 2006, the 11th Chinese Five-Year Plan for national economic and social development made innovation a priority, with the goal of creating an "innovation-oriented" society by 2020. Over the past few years, China's increase in overseas patent filings has outpaced other leading countries. The report examines the approaches used by the China government to boost patent activity, including increased R&D expenditures, tax deductions for R&D investments and grants to patent registrants.

U.S. patent activity increased in 2009, after two years of reduced activity, according to statistics from the U.S. Patent and Trademark Office (USPTO). U.S. applicants were awarded 95,037 patents in 2009, up from 92,001 in 2008. Last year marked a return to the patenting levels of the early part of the decade, though in 2006 the country had hit an anomalous all-time high with 102,267 patents.

Metropolitan areas with population densities of about 4,000 people per square mile tend to produce the highest rate of patenting, according to a recent article in the American Journal of Economics and Sociology. In a study of U.S. metro areas over a ten-year period, the authors found that metro population density has a significant positive correlation with patenting rates.

The United States Patent and Trademark Office (USPTO) invites public comment on a proposed new patent examination initiative that would provide applicants greater control over the speed with which their applications are examined and promote greater efficiency in the patent examination process. The new "Three-Track" program aims both to provide applicants with the timing of examination they need and to reduce pendency of patent applications.

President Barack Obama has authorized the U.S. Patent and Trademark Office (USPTO) to spend an additional $129 million of the fees it will collect this year to improve operations and hire new patent examiners. The newly authorized funds represent fee collections that exceed earlier projections for the year, due to an improving economy and a streamlined review process. Despite that bump in productivity, a recent survey of the U.S. patent system found that entrepreneurs believe that the system is merely "muddling through" and does little to encourage innovation.

Congress has been debating the need to revise U.S. patent law for years, and, while the debate certainly is not over, a significant hurdle was passed last week when the Senate Judiciary Committee voted 15-4 to move S.515, as amended, for full Senate consideration. 

International patent filings fell by 4.5 percent in 2009 with sharper than average declines experienced by some industrialized countries and growth in a number of East Asian countries, according to the World Intellectual Property Organization. With 45,790 applications, the U.S. filing rate dropped 11.4 percent in 2009, but maintained its top ranking by filing just under a third of all international applications.

For the first time in more than a decade, U.S. patent activity did not increase in 2008 over the previous year, according to IEEE Spectrum's Patent Power rankings. The annual report, which ranks companies, universities and research institutions by the quality of their U.S. patent portfolio, also finds that the number of U.S.-based organizations that placed within the top tier of IEEE's rankings-by-industry had fallen by 30 percent.

In keeping with the commitment made in his State of the Union address to reform the American patent system, President Obama announced a series of executive actions to improve the quality and accessibility of the patenting process. White House officials also reiterated the call for more sweeping changes to the system from Congress and provided an update on the previous series of executive orders related to intellectual property issued in June of last year. At the same time, the U.S.

The Patent and Trademark Office of the U.S. Department of Commerce published final rules of practice for implementing the first-inventor-to-file provision of the Leahy-Smith America Invents Act (AIA) that will take effect on March 16. The AIA is a major step towards harmonizing the patent systems of the U.S. and its major trading partners. The legislation will aid the U.S.

In his first speech as secretary of State, John Kerry declared that U.S. economic competitiveness should be the centerpiece of American foreign policy. In the weeks following his appointment, the U.S. government has signaled a push to work with international partners to enhance U.S. global competitiveness and protect tech innovation at home. Two key elements of this strategy include continued harmonization of global antitrust laws and new efforts to protect American intellectual property from theft.

Invention is a driver of economic growth. That is the assertion of Brookings latest report on U.S. patenting and its effect on the country's economic prosperity entitled Patenting Prosperity: Invention and Economic Performance in the United States and its Metropolitan Areas. The U.S.'s innovative capacity and activity has increased steadily, but other nations are catching up and the U.S. must identify the implications of this fact to remain competitive.

Growth in the number of patent assertions facing startup companies is hampering U.S. venture capital, according to a new survey of venture capitalists (VC) and venture-backed companies from the National Venture Capital Association (NVCA) and Robin Feldman, director of the Institute for Innovation Law at University of California Hastings. Eighty percent of VC respondents note that the number of patent assertions filed against portfolio companies have increased over the past five years, with half indicating these assertions were a major deterrent to investment.

As recently explored in an episode of This American Life, high-tech patent litigation has reached unprecedented proportions, with many research-oriented companies now joining the calls to restructure the patent system. This week, the White House released five executive orders and seven legislative recommendations to add transparency to the system and level the playing field for innovators.

A central tenet in the understanding of regional economic clusters is the idea that the closer two actors are to one another, the more likely they are to collaborate. This belief is based on decades of research done to examine knowledge spillovers and the effect of spatial proximity on tacit knowledge sharing. In a recent article, however, Jasjit Singh of INSEAD and Matt Marx of MIT differentiate the varying effects of crude distance on knowledge sharing compared to the effects of geopolitical borders.