PHILADELPHIA and LONDON, Dec 10, 2008 (PR Newswire Europe via COMTEX) ----The Scientific business of Thomson Reuters today published World IP Today: "Patented in China -- The Present and Future State of Innovation in China" which looks at current patent trends and speculates how the world of patent information will look in five years. Patent volumes and trends are explored, as well as the underlying causes of increased innovation in China, including economic and government policy factors.
"Findings from the report indicate that China's economy has shifted focus, moving away from traditional agriculture and manufacturing toward innovation-oriented activities," said Bob Stembridge, co-author of World IP Today and manager, customer relations, the Scientific business of Thomson Reuters. "In essence, China has increased its overall research and development budget for the country, introduced tax breaks and monetary incentives to increase indigenous innovation and continued investing in the nation's academic institutions, which have become a driving force behind Chinese patenting."
According to a 2006 report by the World Intellectual Property Organization(1), the patent offices of the U.S., Japan, Europe (EPO: 8.28, -0.26, -3.04%), Republic of Korea and China account for 75% of all patents filed and 74% of patents granted worldwide. An analysis of patent volumes over the last five years from these five major offices shows that inventions from China have been growing at a faster rate than any other region. China's shift from a manufacturing-based economy to a knowledge-based one requires foreign companies to re-examine their global IP strategies.
"China has become the third largest patent office in the world in a very short space of time and, if current trends continue, will dominate the patent information landscape by 2012," said Dr. Eve Zhou, co-author of the report and member of the Intellectual Property Consulting Services group at the Scientific business of Thomson Reuters. "Although the predictions of future patent application volume by the five major patent offices are purely mathematical exercises, the inescapable fact is that Chinese patents are here to stay and will continue to evolve in prominence."
For a complete copy of the Thomson Reuters World IP Today report, please visit: http://scientific.thomsonreuters.com/press/pdf/tl/WIPTChina08.pdf
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. For more information, go to thomsonreuters.com.
(1) "WIPO Report Shows Internationalization of Patent Trends", World Intellectual Property Office, Press Release 463 Geneva, October 16, 2006.
Thomson Reuters 'World IP Today' Report Predicts China Will Overtake Japan and the United States to Become the World's Leading Innovator by 2012 - FOXBusiness.com
"Findings from the report indicate that China's economy has shifted focus, moving away from traditional agriculture and manufacturing toward innovation-oriented activities," said Bob Stembridge, co-author of World IP Today and manager, customer relations, the Scientific business of Thomson Reuters. "In essence, China has increased its overall research and development budget for the country, introduced tax breaks and monetary incentives to increase indigenous innovation and continued investing in the nation's academic institutions, which have become a driving force behind Chinese patenting."
According to a 2006 report by the World Intellectual Property Organization(1), the patent offices of the U.S., Japan, Europe (EPO: 8.28, -0.26, -3.04%), Republic of Korea and China account for 75% of all patents filed and 74% of patents granted worldwide. An analysis of patent volumes over the last five years from these five major offices shows that inventions from China have been growing at a faster rate than any other region. China's shift from a manufacturing-based economy to a knowledge-based one requires foreign companies to re-examine their global IP strategies.
"China has become the third largest patent office in the world in a very short space of time and, if current trends continue, will dominate the patent information landscape by 2012," said Dr. Eve Zhou, co-author of the report and member of the Intellectual Property Consulting Services group at the Scientific business of Thomson Reuters. "Although the predictions of future patent application volume by the five major patent offices are purely mathematical exercises, the inescapable fact is that Chinese patents are here to stay and will continue to evolve in prominence."
For a complete copy of the Thomson Reuters World IP Today report, please visit: http://scientific.thomsonreuters.com/press/pdf/tl/WIPTChina08.pdf
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. For more information, go to thomsonreuters.com.
(1) "WIPO Report Shows Internationalization of Patent Trends", World Intellectual Property Office, Press Release 463 Geneva, October 16, 2006.
Thomson Reuters 'World IP Today' Report Predicts China Will Overtake Japan and the United States to Become the World's Leading Innovator by 2012 - FOXBusiness.com
