Why do patents matter to tech ecosystems?
๐ฐ Global venture capital has grown 4x over the last decade (ignoring the 2021 hype year) but thereโs innovation happening beyond startups. Venture capital is still dwarfed by Research & Development (R&D) investment which is 6.5x higher. 70% of R&D investments are done by corporates.
๐ Patents are an indicator of research output. They stimulate economic growth by promoting innovation and attracting investment. By investing in patent infrastructure and supporting the patent process, governments can help ensure that their country is competitive in the global marketplace.
๐บ Patent data, among other things, helps surface the tech hubs well positioned to tackle new frontier technologies. Tokyo appears on top for patent filing (powered by Cipher.ai), along with the Bay Area, Seoul, San Diego and Boston.
Consistent with our mission to create a 360-degree understanding of every tech and innovation ecosystem, as well as provide a deeper portrait of startups themselves, you can now access patent data and patent heatmap visualizations on Dealroom.