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Indexing Innovation
Technology Review has teamed with CHI Research ofHaddon Heights, NJ,to produce the Patent Scorecard,an industry-by-industry ranking of corporate patent portfolios.CHI com-bines the number of patents a firm receives with other indicators to flesh out this deeper picture of innovation. Here are the specifies:TECHNOLOGICAL STRENGTH: This figure, the basis of the rankings, provides an over-all assessment of a firm's intellectual-property power. It is calculated by multiplying the number of a company's U.S. patents by its Current-Impact Index (see below).
NUMBER OF PATENTS: The total number of U.S. patents awarded, excluding design and other special-case inventions.
  CURRENT-IMPACT INDEX:This measure showcases the broader significance of a company's patents by examining how often its U.S. patents from the previous five years are cited as "prior art" in the current year's batch. A value of 1.0 represents average citation frequency, so 1.4 would indicate a company's patents were cited 40 percent more often than the average, and so on.
SCIENCE LINKAGE: Patents sometimes cite scientific papers as prior art.This value shows the average number of science references listed in a company's U.S. patents.A high figure indicates the company is closer to the cutting edge than its competitors.
TECHNOLOGY CYCLETIME: An indicator of a firm's speed in turning leading-edge technology into intellectual property, defined as the median age (in years) of the U.S.patents cited as prior art in the company's patents.
 
Source From: TECHNOLOGY REVIEW May 2002
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