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If Everyone’s Doing It, How Can It Be Innovative?

© 2014 Ebyabe, licensed under Creative Commons Attribution Share Alike 3.0

Dennis Crouch over at Patently-O reports that for Fiscal Year 2014 (which just ended), the granted a record number of utility patents, over 300,000. Dennis determines that this results in an allowance rate of about 70%. Think about that – 70% of patent applications result in a patent. Doesn’t that seem at odds with the…