U.S. Granted Utility Patents Originating in Travis County, TX
PATENTCOUNTY48453 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
796.00
Year-over-Year Change
49.34%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Travis County, TX' metric tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office to inventors located in Travis County, Texas. This provides insight into regional innovation and technological development.
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
Utility patents are granted for new and useful inventions, representing commercial innovations with economic value. Monitoring patent activity by county can identify regional technology hubs and inform policymakers about supporting local innovation ecosystems.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Historical Context
Policymakers and economic development agencies use this metric to benchmark a region's innovation capacity and guide investments.
Key Facts
- Travis County, home to Austin, TX, had 2,359 utility patents granted in 2021.
- Patents in Travis County have grown over 50% in the past decade.
- The University of Texas at Austin is a major source of patented innovations.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of utility patents granted annually by the U.S. Patent and Trademark Office to inventors located in Travis County, Texas.
Q: Why is this trend relevant for users or analysts?
A: Monitoring patent activity by county can identify regional technology hubs and inform policymakers about supporting local innovation ecosystems.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the geographic location of patent applicants.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to benchmark a region's innovation capacity and guide investments.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and only covers utility patents, not other types of intellectual property.
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Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Travis County, TX (PATENTCOUNTY48453), retrieved from FRED.