USA: Patent applications by residents
(measure: patent applications; source: The World Intellectual Property Organization)
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USA: Patent applications by residents: For that indicator, The World Intellectual Property Organization provides data for the USA from 1960 to 2014. The average value for the USA during that period was 118507.22 patent applications with a minumum of 59391 patent applications in 1983 and a maximum of 287831 patent applications in 2013.
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World Bank definition: Patent applications are worldwide patent applications filed through the Patent Cooperation Treaty procedure or with a national patent office for exclusive rights for an invention--a product or process that provides a new way of doing something or offers a new technical solution to a problem. A patent provides protection for the invention to the owner of the patent for a limited period, generally 20 years.