Thursday, June 22, 2017

Patent Record Broken 2 Years in a Row; PittWire, June 21, 2017

PittWire; Patent Record Broken 2 Years in a Row

"Pitt innovators have been issued a total of 92 U.S. patents through May, already surpassing the previous record of 80...

Along with the record-breaking fiscal year, in an overlapping measure of the University’s increasing strength in innovation, Pitt advanced into the top third of the Top 100 Worldwide Universities Granted U.S. Utility Patents Ranking for 2016.
Pitt moved up eight slots from last year to rank No. 27 — topping Duke University, Yale University and other top research institutions. The National Academy of Inventors and Intellectual Property Owners Association has published the ranking annually since 2013 to highlight the important role patents play in university research and innovation.  
Those rankings are compiled by calculating the number of utility patents granted by the U.S. Patent and Trademark Office that list a university as the first assignee. Utility patents are issued for the invention of a new or improved useful process, machine, manufacture or composition of matter and generally permit the owner to exclude others from making, using or selling the invention for a period of up to 20 years."

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