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Nairametrics

Nigeria Had Just 7 Out of 205,000 Patents Registered Last Year World Wide

Nairametrics by Nairametrics
July 17, 2014
in Uncategorized
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This interesting stats from an article from Reuters caught my attention. Out of over 205,000 patents made worldwide last year, Nigeria only accounted for 7!!! That’s an astonishingly low count considering the rash of apps and inventions created everyday in Nigeria.

Figures from the World Intellectual Property Organisation (WIPO) show that in 2013, there were 351 international applications from South Africa filed through its Patent Cooperating Treaty (PCT) system.

Morocco had 54 filings, Nigeria and Kenya had seven each. Africa accounted for about 500 PCT applications last year, less than 1 percent of more than 205,000 made globally, indicating patent protection is still embryonic on the fast-growing continent.

Reuters

Tags: News Review
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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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