Innovation and patents

Patent applications and registrations are important indicators when it comes to innovation in world economies. That is why, according to a report published at the end of 2016 by the World Intellectual Property Organization (WIPO), 2.9 million patents were requested in 2015 worldwide, representing a 7, 8% increase over 2014.

Countries with the most patent applications include China with the highest number of applications (1,010,406) followed by the United States (526,296), Japan (454,285) and South Korea (213,694). However, the innovators of the United States were the ones that had the most patent applications abroad (237,961), while the Chinese presented abroad 42,154.

In the case of Colombia, a recent study by Andi and Revista Dinero in more than 200 companies showed that 128 patents were applied for and 69 were granted in the last three years.

Unfortunately in Colombia only 0.6% of GDP is allocated to the innovation area, however, the Dirección de Desarrollo Tecnológico e Innovación plans to increase this budget by at least 1%, motivating the participation of the private sector to increase the percentage of innovative companies To 30%.

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