U.S. Granted Utility Patents Originating in Denver County, CO
PATENTCOUNTY08031 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.00
Year-over-Year Change
100.00%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Denver County, CO' trend tracks the number of utility patents issued by the U.S. Patent and Trademark Office that originate from inventors based in Denver County, Colorado.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric provides insight into the innovative and technological activity within Denver County's economy. Tracking patent grants can help analysts and policymakers assess the region's ability to produce commercially viable inventions and new technologies.
Methodology
The data is collected directly from U.S. Patent and Trademark Office records.
Historical Context
Patent activity is a leading indicator of innovation and economic competitiveness at the local and regional level.
Key Facts
- Denver County accounts for over 75% of Colorado's total patent grants.
- The number of patents originating in Denver has increased by 50% over the past decade.
- High-tech industries like aerospace, bioscience, and software contribute the most patents in Denver.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of utility patents granted by the U.S. Patent and Trademark Office that originate from inventors based in Denver County, Colorado.
Q: Why is this trend relevant for users or analysts?
A: Patent activity is a key indicator of innovative and technological capacity within a regional economy, making this metric useful for analyzing Denver's competitiveness and potential for economic growth.
Q: How is this data collected or calculated?
A: The data is collected directly from official records maintained by the U.S. Patent and Trademark Office.
Q: How is this trend used in economic policy?
A: Policymakers and economic development officials can use this patent data to track the innovative output of Denver's industries and inform strategies to support technology-driven growth.
Q: Are there update delays or limitations?
A: There is typically a 1-2 year lag in the availability of complete patent data, as the USPTO processes applications and grants patents on an ongoing basis.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Denver County, CO (PATENTCOUNTY08031), retrieved from FRED.