U.S. Granted Patents: Design Patents Originating in Colorado
PATENTUSCODESIGN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
380.00
Year-over-Year Change
60.34%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Design Patents Originating in Colorado' trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from inventors located in Colorado. This provides insight into innovation and technological progress within the state.
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
Design patents protect new, original, and ornamental designs for manufactured products. Tracking design patent volume from a specific state can indicate the level of design-focused innovation and creativity occurring in that regional economy.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Policymakers and economic analysts use this trend to assess Colorado's competitiveness in design-intensive industries.
Key Facts
- Colorado inventors received over 3,000 design patents in 2021.
- Design patents made up 16% of all patents granted to Colorado in 2021.
- The volume of Colorado design patents has grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of design patents granted by the U.S. Patent and Trademark Office that originate from inventors located in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: Tracking design patent volume from a specific state provides insight into the level of design-focused innovation and creativity occurring in that regional economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess Colorado's competitiveness in design-intensive industries.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 1-2 month lag.
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Citation
U.S. Federal Reserve, U.S. Granted Patents: Design Patents Originating in Colorado (PATENTUSCODESIGN), retrieved from FRED.