Global Innovation Slowed in 2016, Report Claims

Global Innovation Slowed in 2016, Report Claims


The pace of global innovation slowed last year, as the volume of patented inventions from China dipped. This is one of the findings of research company Clarivate Analytics in its latest report, “State of Innovation”, released recently. Compared to 2015’s global volume of patented inventions increasing by 14%, growth in 2016 was only 8%, said the report. China now accounts for over six of every ten patented inventions worldwide. The country experienced a drop in patenting activity with 9% year-on-year growth last year, compared with 25% growth in the year before. The report covers 12 different industries and focuses on inventions and research trends in each, with the data being compiled from analysis of more than 18,000 scientific and scholarly journals, 71 million global patents and proceedings papers, book chapters and other materials.

Source: WIPR

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.