In the recently released 2015 State of Innovation report it is noted that more unique inventions were filed in patent grants and patent applications during 2014 than any other year in history. However, a slowing pace of patenting activity in several critical industrial sectors may signal some developments affecting innovators around the globe.
Global innovation continued to climb during 2014 but at the slowest pace seen since the global economic recession hit in 2009. The Thomson Reuters report didn’t draw any specific conclusions as to why the innovation slowdown had occurred but did draw a correlation between published scientific literature and patenting activities, noting that the former typically precedes the latter by three to five years.
