Canada achieves ranking of 9th in the world for patent activity

Canada's ranking would be even lower, around the level of Poland or Malaysia if, not for a strong showing in patent activity, where Canada achieved a ranking of 9th in the world. Unfortunately, approximately two-thirds of patents filed are by non-residents in Canada. In addition, filing a patent may be less important than who owns and benefits from it. In 2017, 45% of patents filed in the U.S. by Canadian residents were immediately sold or transferred to a non-Canadian owner with a substantial portion of the remainder transferred at a later date. The sad fact remains that innovation, whether developed here or elsewhere, is not owned, controlled or easily available to up Canada's economic and business game across the board. Click here for the full report.