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Innovators Network Blog - Helping entrepreneurs identify, understand, and leverage the value in their businessABC News – Money: As an accurate indicator of innovation and business health, patents are among the best, and a recent report confirms the recent economic downturn’s effect on intellectual property protections. UN Patent Filings Dropped for 1st Time Since 1978 via the Associated Press provides more clarity to this relationship:

The number of international patent filings dropped last year for the first time since 1978 as companies hit by the global economic downturn sought fewer new protections on their intellectual property, the U.N. said Monday.

Most patents filed in 2009 were for computer technology, followed by pharmaceuticals and medical equipment. Innovations in computer chip design and nanotechnology saw the greatest rise in patents.

The World Intellectual Property Organization, or WIPO, received about 155,900 international patent filings last year, a drop of 4.5 percent compared with the nearly 164,000 filings received a year earlier.

To read the full, original article click on this link: UN Notes Largest Patent Filings Drop In 30 Years : Innovators Network Blog

Author: akuhn