The Pinoy Business Chronicle

Business news and analysis. Covering financial news, economic issues, stock market data, local business, business policy and more.

Philippines Economy News

APEC notes high share of PHL patent filings by independent inventors

apec notes high share of phl patent filings by independent inventors 816x445 - APEC notes high share of PHL patent filings by independent inventors
APEC Haus Papua New Guinea 111618 - APEC notes high share of PHL patent filings by independent inventors

INDEPENDENT inventors made up nearly 94% of patent filings in the Philippines in 2016, the highest proportion of any emerging economy in the Asia-Pacific Economic Cooperation (APEC) bloc, the APEC Secretariat reported.

In the “Policy Recommendations Report for APEC Economies: Towards Increasing Independent Inventors’ Success Route to Commercialization” issued in March and surveying the five years to 2017, it said that the bloc as a whole had a low proportion of patent applications compared to developed economies excepting Russia.

The report said independent inventors tend to represent a large proportion of total patent applications and “constitute the first inventive-driving force for these economies.”

It singled out the Philippines as “the most striking case” with independent inventors representing nearly 94% of patent applications logged in 2016 by the Intellectual Property Office of the Philippines (IPOPHL), a pattern which has shown little variation over the five-year period studied.

Elsewhere, it said, filing activity by independent inventors in the 21-member bloc “has been quite variable, without a unique and clear behavior.”

Of the APEC economies, the report said Canada, Thailand and Peru saw the most significant growth rates on average each year in terms of patent applications filed by independent inventors between 2013 and 2017, at 4%, 6% and 14% respectively.

Chinese Taipei and South Korea posted average annual gains of 2%.

Meanwhile, Russia and Japan posted declines of 2% and 4% each year on average.

Philippine independent inventors with purely domestic technology represented 6.9% of the total patent filings particularly in 2016, the report said.

Taiwan, Peru, Mexico and Canada also showed a high level of dependence on foreign technologies, it said.

In the more advanced economies, such as Japan, South Korea, Russia and the United States, residents accounted for over 50% of total applications.

To increase patent filings by independent inventors, the study recommended the development of financial, educational, and outreach programs, and the development of commercialization tools and technology marketing skills, among others.

“One of few economies that does have exclusive programs aimed at independent inventors for technical assistance purposes is the Philippines,” the report added.

In 2018, Philippine patent filings grew 28% year-on-year to 3,946 applications. The top field of technology for patent applications was pharmaceuticals. — Janina C. Lim

Leave a Reply

Theme by Anders Norén