A Simple New Measure of Innovation: The Patent Success Ratio If the number of patents is the metric your company uses to measure its innovation productivity, you need to dig a little closer. Is your business looking at its number of patent application or its number of 'successful' patent applications? This paper looks at the Patent Success Ratio (PSR) as a new--and improved--innovation metric.
Patents - Measuring a Piece of Innovation A patent is an early step to innovation. If each patent application led to a breakthrough/disruptive innovation this metric would be unquestioned, but applications are only one not-so-simple step in the process of developing an innovation.