The United States Patent and Trademark Office issued over 350,000 patents in 2019. That’s a record number of issued patents in a single year. The following link presents a graph showing the growth of issued patents over the past decade:
As you can see from the graph, the number of issued U.S. patents has been on an upward trend since 2008. Nearly 3 million patents were issued from 2010-2019 – significantly more than any previous decade.
This data shows that technology companies are serious about filing patent applications to protect their valuable inventions.
Is your company actively identifying new inventions and filing patent applications to protect those inventions? If not, 2020 is a perfect time to change that situation.
How many of the 354,507 issued patents are owned by your competitors?
Will any of your competitors’ patents prevent you from releasing new products or launching new features?
If your competitors are protecting their inventions while you neglect your intellectual property, you may face significant problems if those competitors can restrict your product development activities.
Is 2020 your year to start building (or expanding) your patent portfolio? I can help.
Apply for a complimentary 20 minute Intellectual Property (IP) Strategy Session where we will review your current IP situation and identify actions you can take to build or strengthen your IP protection.