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Intellectual Property And Patent Application: A Business Perspective

A total of 1.76 million patent applications were received by the United Nations World Intellectual Property Office in 2008, the highest number ever recorded throughout its 30-year history. This number saw a 4.5% decline last year, owing to the US and world economic recession. Although as the world economy anticipates recovery in the next two years, WIPO sees a brand new soar in patent application filings coming. The countries that are among the top 5 to file patent applications remain to be US, Japan, Germany, Republic Of Korea, and the latest and most surprising newcomer, China.

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