Iceland: Patent applications by residents
(measure: patent applications; source: The World Intellectual Property Organization)
Iceland: Patent applications by residents: For that indicator, The World Intellectual Property Organization provides data for Iceland from 1963 to 2015. The average value for Iceland during that period was 30 patent applications with a minumum of 8 patent applications in 1963 and a maximum of 71 patent applications in 2002. See the global rankings for that indicator or use the country comparator to compare trends over time.
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.