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Week of March 10 - 16, 2008


World Patents Hit New Records

Late last month, the World Intellectual Property Association (WIPO) announced that international patents filed under the international WIPO Patent Cooperation Treaty reached a record high of 156,100 in 2007. The record total represents a slight increase (4.7%) from 2006. US inventors and companies filed the most patent applications, accounting for 33.5% of total applications. Northeast Asia—especially Korea---was the fastest growing region in terms of new patent applications. Overall, the region accounts for 24.8% of applications. Telecommunications, information technology, and pharmaceuticals were the three largest sectors for patent applications. While the US topped the list in raw numbers of applications, US firms were not the most aggressive in 2007. Matsushita, Philips, and Siemens accounted for the highest numbers of corporate patent applications. WIPO also announced that trademark applications also hit a record high in 2007. Last year’s 39,945 trademark applications represented an increase of 9.5 percent from the previous year.

Access the World Intellectual Property Association reports on international patenting activity at www.wipo.int.


Top Ten Federal Rules for Regulatory Review

Each year, the US Small Business Administration’s Office of Advocacy solicits a list of Federal rules and regulations that potentially create unnecessary burdens on small business owners. The office has released this year’s list of the top ten problem areas. The listing was winnowed down from eighty-three different nominations from small business owners across the US. A quick glance at the list suggests that the US Environmental Protection Agency (EPA) is not that popular among small business owners and entrepreneurs. EPA rules, affecting issues such as oil spills and emissions from dry cleaning establishments, take four spots on the top ten list. Others on the list include the IRS’ current convoluted rules concerning the home office deduction and the FAA’s current rules limiting flights by small aircraft in the Washington DC region.

View the US Small Business Administration’s Office of Advocacy list, “Regulatory Review and Reform Top 10 Rules, 2008.”


The Outlook for Jobs and Innovation in Europe

In 2000, European nations agreed to the Lisbon Agenda, an aggressive program to generate economic growth across all European Union economies. A new survey examines how Europe’s economies are progressing in response to the Lisbon Agenda. Even with a global downturn, the news is pretty good. Finland and Ireland are the best performers, but all of the EU-15 (Europe’s 15 biggest economies) appear set to meet the Lisbon Agenda goals for economic growth. Productivity improvements are even more promising, as eleven European economies have productivity growth rates above those of the US. The report does contain some sobering news for France, Italy, and Austria. All three economies are lagging and are not on track to meet established Lisbon Agenda goals.

Download the Lisbon Council’s 2008 European Jobs and Growth Monitor.


Business Week Ranks Best Undergrad B-Schools

There is no shortage of lists that rank business schools. Yet most of these rankings are focused on MBA programs. The latest issue of Business Week takes a stab at ranking undergraduate business programs. The undergraduate business degree is growing in popularity, and attending a top-quality school seems to matter. Recent graduates of the top 25 schools on this list made an average of more than $54,000 per year. Penn tops the 2008 list for best undergraduate business programs, followed by (in rank order): Virginia, Notre Dame, Cornell, and Emory.

Check the Business Week website for “The Best Undergrad B-Schools” or pick up the March 10, 2008, issue.


The State of Corporate Philanthropy

Business executives are fairly satisfied with their firms’ corporate philanthropy efforts, according to a recent McKinsey and Co. survey of global corporate philanthropy. One-fifth of respondents believe that their corporate philanthropy programs are “very or extremely effective” in meeting social goals and shareholder expectations. Firms tend to give for similar reasons. Top factors include a desire to enhance the corporate image and brand, build employee leadership, and enhance employee recruitment and retention. The McKinsey researchers note that the most effective corporate efforts align their philanthropy with social and political trends that are most relevant to their business. Top-quality programs also emphasize collaboration with other corporate partners, other philanthropic investors, community groups, and other stakeholders.

Access the 2008 McKinsey and Co. global survey, “The State of Corporate Philanthropy.”


The National Dialogue on Entrepreneurship is an initiative of the Public Forum Institute made possible by a grant from the Kauffman Foundation of Kansas City. Through NDE-news, we bring you short summaries and analyses of various trends driving entrepreneurship around the world. Subscribe now to receive your weekly copy. Archived issues are available online.


Kauffman Foundation The Public Forum Institute

National Dialogue on Entrepreneurship

Mark Marich, Editor

All stories © 2008 The Public Forum Institute
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