This summer, the US Patent and Trademark Office (USPTO) issued its 10 millionth patent. While 10 million patents is a major milestone for the agency, it symbolizes the fast pace of innovation that characterizes our society and economy in the 21st Century.  And, as Commerce Secretary, Wilbur Ross, rightly noted “[g]iven the rapid pace of change, we know that it will not take another 228 years to achieve the next 10-million-patent milestone.

In fact, based on the acceleration of the number of patents issued by the USPTO it may, in fact, only be a couple of years before the 11 millionth patent is issued. While it took over 100 years for the first million patents to be issued, the USPTO issued 2 million patents between 2011 and the summer of 2018.

So how is the USPTO managing this fast-paced environment? At the heart of their success is the agency’s willingness to embrace digital transformation. While many federal agencies are burdened with legacy systems, the USPTO has made on-going investments in new technologies.

In 1969 the USPTO began a partnership with Reed Tech that has enabled an on-going commitment to digital transformation. From the initial investment in the development of a computer system to streamline the patent publishing process to the digitalization of patent records over the last decade this partnership has focused on how to make more information available to the public and streamline the work of enterprises, patent attorneys, and citizen developers.

While no one knows what the future holds, we do know that the pace of innovation and the value of knowledge will only increase. Because the USPTO has invested in technology and in its partnerships with companies like Reed Tech that build mission-focused solutions this latest surge in information and transformative technologies is not a major disruption but just another step forward to the future.

Want to learn more about the history of the USPTO and their vision for the future?

Related Content

The Most Comprehensive Full-Text Patent Data in English Is Now Available within LexisNexis® PatentSi... Full-text patent data from LexisNexis® IP is now accessible in LexisNexis PatentSight, enabling customers to use a single platform to make smart strat...
LexisNexis PatentAdvisor® Rolls Out Examiner Lottery Framework™, A Suite of Analytics to Guid... Breakthrough analytics allow patent professionals to predict length of time for prosecution at both examiner and art unit level, as well as improve ch...
Reed Tech® Acquires PatentSight, a Provider of Analytics Solutions that Help Companies Monetize and ... Available in various languages: English | 中文 (Simplified Chinese) | 繁體中文 (Traditional Chinese) | Français (French) | Deutsch (German) | 日本語 (Japanese)...

By continuing to use the site, you agree to the use of cookies. Cookie Policy

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.