For those of you that don’t know, AI Patents is based in Raleigh, North Carolina and has its office in the Research Triangle Park, the largest research park in the world. We enjoy being one of over 170 companies in the RTP and working among some of the most creative and talented innovators in the country. Of course, we think the Raleigh-Durham area (and North Carolina as a whole) is home to some of the world’s best and brightest, but we wanted to see how that was reflected in the number of patents issued.
The numbers are pretty interesting. Since 1999, North Carolina has seen steady growth in the number of patents issued, from just 1,734 patents granted in 1999 to 2,977 patents granted in 2012. The graph below shows this growth.
A study published by the Brookings Institution in February 2013 shows that both the Raleigh-Cary and Durham-Chapel Hill areas rank within the top 20 metropolitan areas for patenting rate. The Raleigh-Cary area boasts 1,164 patents per million residents and the Durham-Chapel Hill area is close behind with 1,120 patents per million residents. Also, Raleigh-Cary averaged 1,273 patents granted each year from 2007-2011, ranking in the top 20 metropolitan areas. Most of the patents in the Raleigh-Cary area are related to computer hardware and peripherals while most patents in the Durham-Chapel Hill fall within the biotechnology industry.
It’s impressive that an area with a population of about 2 million people, less than 1% of the total population of the United States, produces such a large number of patents. But, it’s not a surprise to AI Patents. Everyday we hear about a new product or invention that has great potential to have an impact on customers everywhere. With the breadth of knowledge and resources available in RTP and the surrounding areas, we expect Raleigh-Durham-Chapel Hill to keep creating ground-breaking technologies and continue bringing patents to North Carolina.
– Suzy Fitzgerald