2007 Survey of Georgia's Independent Inventors
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Independent patenting activity has grown rapidly in Georgia over the past 30 years, with nearly 8,000 patents issued since 1975 to inventors not associated with corporations, universities or similar organizations. A new study has found that nearly half of the products created by these inventors were in non-consumer areas, mainly in technologies such as medical devices, energy and the environment, and automotive applications. Despite their productivity, the study found that less than a third of the inventors realized commercial success with their patents. These findings were among the conclusions of the first-ever comprehensive survey of the state’s independent inventors. Conducted by Georgia Tech’s Enterprise Innovation Institute with support from the U.S. Economic Development Administration, the findings suggest that the work of independent inventors could provide untapped economic potential for the state.