The World Intellectual Property Organization (WIPO) recently confirmed China had become the first country to file 1 million patent applications in a single year. China is thus driving Asian-led growth in innovation worldwide:
- 62% of global filing activity for patents is in Asia
- 55% of global activity in trade marks is in Asia
- 68% of design applications are in Asia.
The majority of these 2015 patent applications were in the following technology: electrical engineering (including telecoms, computer technology & semiconductors, measurement instruments). Whilst most of these applications were for domestic protection in patents, trade marks and designs there had been an increase in China’s applications for international patents.