Saturday, November 21, 2009

Israel top patent producer in Western world

Taub Center for Social Policy Studies presents study which suggests number of patents approved to Israeli inventors by US Patent Office in 2003 higher than by any other G-7 nation. Manufacturing productivity, however, rapidly plummeting.

The United States Patent and Trademark Office has approved more patents to Israeli inventors than to any other nation of the G-7 countries – the seven largest and most influential economies in the Western world, according to a study conducted by the Taub Center for Social Policy Studies.

According to the study, in 1990 the US has approved 6% less patents to Israeli inventors than to the average number of inventors in the G-7 countries (subject to country size). In 2003, however the number of Israeli patents approved was 69% higher than that of inventors in the G-7 countries.

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