8 TRUTH ABOUT INNOVATION & PATENTS

Improvement in living standard over time is inevitable. Rather it is made possible by increase in physical & human capital technological progress.

Countries that invest more in Research & technological development (R&D) produce more highly patents.
Patent litigation is costly and common.
Women are under represented throughout the innovation history.
Patenting is highly concentrated near research universities
Patenting is closely related to other measures of innovative activities.
Nearly three quarters of patents are filled by inventors with graduate degree.
R&D investment result to newly technologies.
Federal R&D spending had declined while business R&D spending has risen.