Technical.ly Baltimore

Business

Feb. 7, 2013 9:00 am

Baltimore region lags behind rest of U.S. when it comes to patents [REPORT]

A report released by the Brookings Institution reveals that the number of patents granted to companies in the Baltimore region was flat over the previous decade, compared with an increase of 60 percent in the number of patents issued across the U.S., reports the Baltimore Sun. The report issued Feb. 1 explores patenting trends by U.S. […]

A report released by the Brookings Institution reveals that the number of patents granted to companies in the Baltimore region was flat over the previous decade, compared with an increase of 60 percent in the number of patents issued across the U.S., reports the Baltimore Sun.

The report issued Feb. 1 explores patenting trends by U.S. region between the years 1980 and 2012.

From the Sun:

The number of patents granted in the Baltimore region was basically flat over the past decade, while the nation as a whole saw a spike of 60 percent, according to the Brookings Institution. The region ranked 116th out of the nation’s approximately 360 metro areas for patent applications between 2007 and 2011 on a per-capita basis. [more]

While the number of patents a region scoops up isn’t a cut-and-dry indicator of innovation, patents are useful for biotechnology companies — particularly those that might be spin-outs of tech transfer efforts at local universities — which sometimes need years to take products from the research to the commercialization stage.

Read the full article at the Baltimore Sun.

Read “Patenting Prosperity: Invention and Economic Performance in the U.S. and its Metropolitan Areas” here. 

Alternatively, view the interactive feature accompanying the report. Pasted below is a brief synopsis of Baltimore’s patent progress, from the Brookings report.

Screen shot 2013-02-06 at 5.06.25 PM

-30-
Andrew Zaleski

Andrew Zaleski is Technically Baltimore's lead reporter. Before joining Technically Baltimore, he was digital media editor for Urbanite magazine. He graduated from Loyola University Maryland in May 2011.

Profile   /   @ajzaleski   /   Send an email
Advertisement
  • Phyllis

    Hopkins is slacking. They should be neck & neck with Mayo.