Indicator 8: Utility Patents
How Does Massachusetts Perform?
In 2017 Massachusetts again saw record numbers of utility patents granted, reaching 7,430. Its share of U.S. utility patents was 4.9%, an increase from last year and evidence that Massachusetts is a key state for translating research into products meant for commercialization. The Commonwealth's growth rate in patents granted per million residents from 2012-2017 was 25.8%, tied for second with California, with New Hampshire placing first at 37.9%, all of which were above the national growth rate of 14.5%. In 2017, Massachusetts ranks fourth among the LTS in total number of utility patents granted, behind California, Texas, and New York. Nationally, it ranks first in utility patents granted per million residents.
Data Source for Indicator 8: U.S. Patent and Trademark Office (USPTO), Census Bureau, World Intellectual Property Organization, U.S. Department of Commerce, World Bank