U.S. Granted Utility Patents Originating in Charlottesville City, VA
PATENTCOUNTY51540 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
38.46%
Date Range
1/1/2000 - 1/1/2015
Summary
The 'U.S. Granted Utility Patents Originating in Charlottesville City, VA' trend measures the number of utility patents granted by the U.S. Patent and Trademark Office that originated from Charlottesville City, Virginia. This metric provides insight into the innovative output and intellectual property development of the local economy.
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 protect new and useful inventions, processes, or machines. The number of patents originating from a specific geographic area is a key indicator of local innovation, technology development, and research activity. This trend offers a quantitative view of Charlottesville's intellectual property generation and competitiveness.
Methodology
The data is collected by the U.S. Patent and Trademark Office based on the listed location of the patent applicant.
Historical Context
Policymakers and economic development organizations can use this metric to benchmark Charlottesville's innovation performance against other regions.
Key Facts
- Charlottesville is home to the University of Virginia, a major research institution.
- Patents originating from Charlottesville account for approximately 0.3% of total U.S. utility patents.
- The number of Charlottesville 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 utility patents granted by the U.S. Patent and Trademark Office that originated from Charlottesville City, Virginia.
Q: Why is this trend relevant for users or analysts?
A: The number of patents originating from a geographic area is a key indicator of local innovation, technology development, and research activity, providing insight into the economic competitiveness of the region.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Patent and Trademark Office based on the listed location of the patent applicant.
Q: How is this trend used in economic policy?
A: Policymakers and economic development organizations can use this metric to benchmark Charlottesville's innovation performance against other regions and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all patents originating from Charlottesville due to limitations in the reporting process.
Similar PATENTCOUNTY Trends
U.S. Granted Patents: Design Patents Originating in Washington
PATENTUSWADESIGN
U.S. Granted Utility Patents Originating in Toombs County, GA
PATENTCOUNTY13279
U.S. Granted Patents: Reissue Patents Originating in Ukraine
PATENT4NUAREISSUE
U.S. Granted Utility Patents Originating in Non Metro/Micropolitan Statistical Areas in Pennsylvania
PATENTCBSA900942
U.S. Granted Utility Patents Originating in Greensboro-High Point, NC (MSA)
PATENTCBSA124660
U.S. Granted Utility Patents Originating in Madison County, IA
PATENTCOUNTY19121
Citation
U.S. Federal Reserve, U.S. Granted Utility Patents Originating in Charlottesville City, VA (PATENTCOUNTY51540), retrieved from FRED.