Page 29

UTILITY PATENTS One way to measure innovation and R&D activity within a geographic area is through intellectual property in the form of patents. Patents secure exclusive commercial rights to the production and utilization of an invention and therefore offer insight into key areas of innovation.

UTILITY PATENTS GRANTED PER 100,000 RESIDENTS (MSA)

A utility patent is a patent that covers the creation of a new or improved — and useful — product, process or machine. Also known as a “patent for invention,” it prohibits other individuals or companies from making, using or selling the invention without authorization. As a result, utility patents are often the most expensive and difficult to obtain type of patent. Once normalized for population, the Boulder MSA had the second-most utility patents granted per 100,000 residents in 2015, second to San Jose, CA.

BOULDER ECONOMIC COUNCIL

26

Innovation Venture  

The Boulder Innovation Venture Report is a product of an initiative launched by the Boulder Economic Council of the Boulder Chamber in 2017....

Innovation Venture  

The Boulder Innovation Venture Report is a product of an initiative launched by the Boulder Economic Council of the Boulder Chamber in 2017....