A Practical Metric For Annual Patent Filing Targets: Part 3
By Michael Sartori and Matthew Welch (July 15, 2021, 3:05 PM EDT) -- In Part 1 of this three-part article, a metric to determine a theoretical target for the number of U.S. patent applications to file each year was presented. The theoretical target was based on the amount spent on U.S. research and development by a company and on the company's industry sector and size.
Basing a patent filing target on the amount expended on research and development intuitively seems accurate because a company would expect to generate patentable ideas from the large effort devoted by the company to develop new innovations.
Moreover, tying a patent filing target to an industry sector's behavior could...
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