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November 8, 2023
WIPO's World Intellectual Property Indicators Report says a Record Number of Patent Applications Filed Worldwide in 2022.
• Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an uncertain economic outlook is weighing on further growth.
Photo: On October 11, 2023, WIPO (World Intellectual Property Organization) Director General Daren Tang visited one of the 10,000 Atal Tinkering Labs (ATL) in Delhi, where he met young innovators. These labs are part of the Atal Innovation Mission (AIM), a flagship initiative of the NITI Aayog Government of India. The AIM promotes a culture of innovation and entrepreneurship in India, and the ATLs cultivate skills such as design thinking, computational thinking, and physical computing among children from grades 6 to 12. The labs provide hands-on experience with STEM tools and concepts, including do-it-yourself kits like microcontroller boards and 3D printers. The visit was part of the WIPO Director General’s official trip to India from October 10-13, 2023. The image is provided by and copyright © WIPO.
Geneva, November 8, 2023 — The World Intellectual Property Organization (WIPO), headquartered in Geneva, Switzerland, has released the “World Intellectual Property Indicators - 2023”. It is an annual survey providing accurate and authoritative information on IP activity worldwide. For the survey, WIPO’s statisticians collect data from around 150 IP offices globally.
According to the report, a record number of patent applications have been filed worldwide in 2022.
While global filings for trademarks and designs have dropped, innovators worldwide submitted 3.46 million patent applications in 2022, marking a third consecutive year of growth. China, the US, Japan, the Republic of Korea, and Germany were the countries with the highest numbers of patent filings in 2022.
China continues to file nearly half of all global patent applications, but its growth rate dipped for a second consecutive year from 6.8% in 2021 to 3.1% in 2022.
Meanwhile, the Prime Minister of India, Narendra Modi, expressed his satisfaction with the increase in patent applications within the country. He shared a link to a post by the World Intellectual Property Organization (WIPO), which stated that the number of patent applications submitted by Indian residents rose by 31.6% in 2022, extending an impressive 11-year streak of growth that no other country in the top 10 filers has achieved.
The Prime Minister said: “The rise in patent applications in India indicates the growing innovative spirit of our youth and bodes well for the future.”
Sources: World Intellectual Property Organization (WIPO), Geneva; Prime Minister’s Office
|GlobalGiants.Com|
— The editor is a WIPO Academy alumnus.
Edited & Posted by the Editor | 10:46 AM | Link to this Post
