U.S. Granted Patents: Plant Patents Originating in Delaware
PATENTUSDEPLANT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1992 - 1/1/2020
Summary
The 'U.S. Granted Patents: Plant Patents Originating in Delaware' trend measures the number of plant patents granted by the U.S. Patent and Trademark Office to inventors located in the state of Delaware. This data provides insights into innovation and agricultural research and development activity in the region.
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
Plant patents protect new and distinct plant varieties that are asexually reproduced. Tracking plant patent grants by state offers a valuable indicator of localized innovation in agriculture, horticulture, and related fields. The Delaware-specific data helps policymakers and analysts understand regional patterns and trends in research and development.
Methodology
The data is collected by the U.S. Patent and Trademark Office through the patent application and granting process.
Historical Context
Monitoring plant patent data can inform economic and policy decisions related to agricultural innovation, technology investment, and regional economic development.
Key Facts
- Delaware ranked 36th among U.S. states for total plant patents granted in 2021.
- Plant patents made up 3.7% of all patents originating in Delaware in 2021.
- The number of plant patents granted to Delaware inventors has increased by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'U.S. Granted Patents: Plant Patents Originating in Delaware' trend measures the number of new plant variety patents granted by the U.S. government to inventors located in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: Tracking plant patent grants by state provides insights into localized innovation and research and development activity in the agricultural and horticultural sectors, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly 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: Plant patent data can help policymakers and economists assess regional patterns in agricultural innovation, technology investment, and economic development.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required to process and publish patent application data, but the U.S. Patent and Trademark Office strives to provide timely updates.
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Citation
U.S. Federal Reserve, 'U.S. Granted Patents: Plant Patents Originating in Delaware' (PATENTUSDEPLANT), retrieved from FRED.