Strong Growth in Patent Applications Worldwide

Applications for patents and other forms of IP rebounded strongly in 2010, so says a new report from WIPO.
Inventors and companies filed 1.98 million patent applications worldwide in 2010, a new record. China and the U.S. accounted for about 80 percent of the growth. Canada experienced a slight decline of 5.1 percent; however, residents of Canada filed more than 80 percent of their patent applications in other countries.