Patent applications of non-residents reached 2,150 in 2002 in Venezuela, according to World Bank. This is 8.37 % more than in the previous year.
Historically, patent applications of non-residents in Venezuela reached an all time high of 2,479 in 2007 and an all time low of 338 in 2017. When compared to Venezuela's main peers, patent applications of non-residents in Brazil amounted to 13,204, 858 in Colombia and 221 in Trinidad and Tobago in 2002.
Venezuela has been ranked 29th within the group of 97 countries we follow in terms of patent applications of non-residents, 1 places behind the position seen 10 years ago.
Patent applications are worldwide patent applications filed through the Patent Cooperation Treaty procedure or with a national patent office for exclusive rights for an invention, a product or a process that provides a new way of doing something or offers a new technical solution to a problem.