Source | 24/7 WALLst : By Michael B. Sauter, Sam Stebbins and Thomas C. Frohlich
The number of patent grants awarded in the United States fell in 2015 for the first time since 2007. In all, the U.S. Patent and Trademark Office (USPTO) granted 298,407 patents for intellectual property, down from just over 300,000 in 2014.
According to a 24/7 Wall St. analysis of data provided by IFI CLAIMS Patent Services, Korean conglomerate Samsung Electronics passed 2014 leader IBM by being granted the most patents in 2015. Including Samsung’s subsidiaries, the company was awarded more than 8,000 patents last year, while IBM was awarded 7,355. These companies and others spend hundreds of millions, and often billions of dollars, to discover the next big thing and gain an advantage over competitors. 24/7 Wall St. reviewed the most innovative companies.