U.S.-Based Global Intellectual Property Creation: An Analysis

20 Pages Posted: 5 Nov 2007  

Vivek Wadhwa

Center for Entrepreneurship and Research Commercialization, Pratt School of Engineering; Stanford University - Arthur & Toni Rembe Rock Center for Corporate Governance

Ben A. Rissing

Massachusetts Institute of Technology (MIT) - Behavioral Policy Science (BPS)

Aneesh Chopra

Commonwealth of Virginia

Ramakrishnan Balasubramanian

Duke University - Pratt School of Engineering

Alyse Freilich

Ewing Marion Kauffman Foundation

Date Written: October 2007

Abstract

The Patent Cooperation Treaty (PCT), concluded in 1970, offered a means for inventors to safeguard their intellectual property in multiple countries with a single application. This global effort to streamline the process of achieving international intellectual property protection evidences the importance of this protection in today's economy. International intellectual property rights ensure that creators can reap the rewards of their endeavors, encouraging future innovation and, ultimately, economic growth.

The PCT patent applications filed in the United States arguably represent some of the most sophisticated inventions developed in this country. Not only does the perceived need for international intellectual property protection indicate that the inventions are characterized by a higher level of sophistication than those submitted only to the United States Patent and Trademark Office (USPTO), but also the costly and time-intensive application process for PCT patents suggests that inventions described in these applications largely have market potential in multiple countries, global visibility, or diverse applications.

This report summarizes results of an analysis of this database focusing on its geographic characteristics. It offers an opportunity to understand where this measure indicates that innovation is happening in the United States, which organizations are driving change, and the technical areas that are the focus of U.S. filing.

Keywords: patent

Suggested Citation

Wadhwa, Vivek and Rissing, Ben A. and Chopra, Aneesh and Balasubramanian, Ramakrishnan and Freilich, Alyse, U.S.-Based Global Intellectual Property Creation: An Analysis (October 2007). Kauffman Foundation Small Research Projects Research Paper Series. Available at SSRN: https://ssrn.com/abstract=1026448 or http://dx.doi.org/10.2139/ssrn.1026448

Vivek Wadhwa (Contact Author)

Center for Entrepreneurship and Research Commercialization, Pratt School of Engineering ( email )

Durham, NC 27708
United States

Stanford University - Arthur & Toni Rembe Rock Center for Corporate Governance ( email )

Crown Quadrangle 559 Nathan Ab
Stanford, CA 94305-8610
United States

Ben A. Rissing

Massachusetts Institute of Technology (MIT) - Behavioral Policy Science (BPS) ( email )

Cambridge, MA
United States

Aneesh Chopra

Commonwealth of Virginia ( email )

United States

Ramakrishnan Balasubramanian

Duke University - Pratt School of Engineering ( email )

Durham, NC 27708
United States

Alyse Freilich

Ewing Marion Kauffman Foundation ( email )

4801 Rockhill Road
Kansas City, MO 64110
United States

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