An inventor from Killeen, Texas, has generated more than $1 billion in sales from his water gun, which has remained among the world’s best-selling toys for the past three decades. He has a total of 80 patents, including patents on various green technologies. Bishop Curry V, a 10-year-old black inventor from Texas, has also applied for a patent for a car safety device.
\nIn its recent report, the PTMT could not identify a single regional component area for inventor and patent data from the City of Killeen. This result is not unexpected, considering that the area has a population of approximately 20,000 people. The PTMT uses the United States Post Office five-digit zip code for matching inventors to counties. When inventors have multiple locations, their counts are divided evenly among these locations.
\nThe PTMT has worked to address this problem by concentrating its efforts on aggregating inventor and patent data by U.S. state and county level areas, and this has reduced the challenges of identifying unique locations for inventors. Currently, PTMT reports that inventors and patents from the City of Killeen are grouped by the home county of the first named inventor.
\nThe number of inventors and patents in the City of Killeen is not large enough to identify a single regional component area. However, inventors who hold multiple patents will be grouped together. In addition, one patent may have multiple inventors, and inventors who own multiple patents will be counted multiple times.
\nWhile the drill-down report has limitations, it is still a valuable tool for evaluating inventor activity associated with U.S. regional component areas. Its data can also be used to evaluate inventors in other areas. The TISC program provides high quality technology information and associated services to innovators worldwide.
\nAustin has a relatively large patent share in some key industries. For example, multicomputer data transferring and memory are important patent classes. From 2001 to 2005, Austin accounted for almost 6% of the patents issued in these fields in U.S. metros. In 2011 and 2015, Austin ranked second in the nation for patents issued in these categories.
\nThis is due in part to the UT System’s research in technology and medicine. The UT System was ranked fourth in the world for its contributions to these industries. Moreover, Austin is among the top ten universities in the world in terms of patent-related innovation. This ranking is published by the National Academy of Inventors and the Intellectual Property Owners Association (IPOA). The rankings are based on data from the U.S. Patent and Trademark Office and include public and private research universities.
\nThe UT System is committed to producing new discoveries, expanding Texas’ economy, and improving Texans’ lives through research. Its 14 institutions have an operating budget of $19.5 billion (FY 2019), produce nearly 60,000 graduate students a year, and account for nearly one-third of the state’s undergraduate degrees. The University of Texas System’s hospitals account for 8.2 million outpatient visits and 1.6 million hospital days.
\nPatents generated at UT help advance discoveries and are a key step toward making new products and services available to the public. UT is ranked among the top five universities in the world for granting patents. The patent portfolio of the UT System contains hundreds of innovative ideas.
\nIn 2018, researchers from UT institutions received 187 U.S. utility patents. The UT System was named No. 3 in the list of global universities that issued U.S. utility patents, behind only the Massachusetts Institute of Technology and Stanford University. UT also ranked fifth in a list of the top 100 universities in the world by the Intellectual Property Owners Association.
\nUniversities are ranked based on their success in developing and submitting innovative ideas to international organizations. The number of basic patents a university has is an important indicator for understanding which research has potential commercial value. Listed patents are registered with the WIPO. In addition, a university’s ratio of patent applications to grant applications reflects its success in filing applications.
\n\n https://www.ycombinator.com/documents/
\n https://techcrunch.com/
\n https://www.uspto.gov/learning-and-resources/startup-resources
\n https://www.sba.gov/business-guide/plan-your-business/fund-your-business
\n https://hbr.org/1998/11/how-venture-capital-works
\n http://patentpc.com/
\n http://uspto.gov/
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