DC-area patent rate behind many others, but growing fast - Technical.ly DC

Business

Apr. 10, 2015 12:38 pm

DC-area patent rate behind many others, but growing fast

“Measured in terms of growth, the District fared better, ranking 6th highest among major metro areas with a 72 percent change in the number issued.”

How the D.C. metro area ranks in patents issued per year.

(Chart by D.C.'s Office of Revenue Analysis)

A fair amount of patents are a good indicator of a healthy tech sector. That’s why District, Measured, the official blog of the D.C. Office of Revenue Analysis, analyzed how many inventions the metro area is producing each year. The numbers aren’t phenomenal, but they’re improving.

According to an analysis of U.S. Patent and Trademark Office numbers, the D.C. area ranked 16 out of 374 metro areas in terms of number of patents issued in 2013. That’s below Minneapolis, Detroit and Atlanta.

But that might change soon, because the capital metro area is also the sixth fastest-growing metro area in the country in terms of patents issued each year. Between 2003 and 2013, the number grew by 72 percent. That’s more than Boston, Houston and New York.

In the post, Director of Revenue Estimation for the Office of Revenue Analysis Steven Giachetti suggests that the District might shine in other ways than its tax rate or the local cost of doing business:

It seems that the eco-system surrounding [the top three markets, San Jose, San Francisco and New York], including the presence of world class universities and research institutions in the tech areas, and the ability to attract the most talented individuals in their fields also play an important role in where tech firms and innovators choose to locate.

Read the full story -30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

So, what exactly is cybersecurity?

MACH37’s spring 2019 accelerator cohort includes these 6 cyber startups

Arlington-based Accenture Federal Services expands in Texas with new cyber center

SPONSORED

DC

This fast-growing SaaS company aims to be a force for change in the energy industry

Philadelphia, PA

Orthly

Full-Stack Javascript Engineer

Apply Now
Washington DC

The Washington Post

Back End Developer/ Engineer – Arc Engineering

Apply Now
Washington, DC

The Washington Post

Sr. Full Stack Developer

Apply Now

CIT Gap Funds made an investment in Arlington-based 4stay

Mobile advertisement company Carvertise is expanding to the DC area

Remodelmate closes first investment round, raising $525K

SPONSORED

DC

Hear from the privacy pros at Security by the Schuylkill

Washington, D.C.

The Washington Post

Audio Engineer

Apply Now
Washington, D.C.

The Washington Post

Senior Software Engineer (iOS)

Apply Now
Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!