“The study noted that the United States remains the world ‘patent superpower’, but East Asia has developed by ‘leaps and bounds’ in the last 10 years.”
Independent foundation Bertelsmann Stiftung published a study titled “World class patents in cutting-edge technologies – The innovation power of East Asia, North America and Europe,” which examined how individual countries have advanced in the development and filing of “world class patents” between 2000 and 2019.
While the study showed that North America and Europe have the highest patent efficiencies, it noted that East Asia has “exhibited an unparalleled inventive spirit” and has increased its innovation power in many cutting edge-technologies, such as energy, nutrition, infrastructure, industry and environment.
The United States is the world’s top innovation center “by far” and holds the largest number of world class patents, which cover 50 of the 58 technologies reviewed in the study.
The study noted concerns that Europe is falling behind because digitalization is progressing slowly in Europe “at a time when the fourth industrial revolution is about to fundamentally change the traditional forms of economic activity.”
Read more at IPWatchdog.