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