Forbes has once again recognized Raleigh as ranking among the most innovative cities, based on the number of patents issued per capita. You may recall our city rated a very respectable – though by some accounts, surprising – number three in the nation in May 2010. In July, Forbes cited a report from The Organization for Economic Cooperation and Development (OECD), which ranked Raleigh number 15 in the world for inventiveness.
Bested by such innovation giants as technology rich San Diego, which ranked number two at 8.95 patent applications for every 10,000 residents; and the number-one ranked Eindhoven in the Netherlands, which produced an astounding 22.6 patents for every 10,000 residents, Raleigh nevertheless received considerable recognition, producing 3.74 patent applications per 10,000 residents, and was in the elite group of the world’s top 15 cities that included only five other U.S. cities.
By analyzing a data point known as “patent intensity,” the OECD finds that patent applications serve as the most logical measure of a city’s innovation, and as anyone who has spent time in the Raleigh area can attest, the influence of world-class universities and the draw of the Research Triangle Park combine to attract some of the world’s most brilliant and inventive minds. Employment figures reflect an estimated 40,000 full-time knowledge workers are located in our region, which is known as the birthplace of such inventions as the Universal Product Code (UPC) technology as well as 3D ultrasound technology.
With more than 170 global companies, our area is home to some of the world’s most pioneering industries including biotechnology, nanotechnology, robotics, information technology, pharmaceutical science and clean technology. So it is no surprise to learn that when it comes to inventiveness, as well as the complex and ever-evolving field of patents and Intellectual Property, Raleigh continues to be a leading incubator for the ideas of the future.
At Coats and Bennett, we understand the importance of protecting and promoting this atmosphere of innovation, and we are committed to serving the interests of companies and individuals whose leadership, creativity, discipline and hard work deserve to be recognized and fairly compensated. We appreciate the privilege of living in an area recognized the world over for innovation, and we look forward to our city’s continued placement among the world’s leading patent producers.