Minneapolis Among “Most Innovative Cities In America”
Minneapolis is one of the 20 “most innovative cities in America,” according to a new list from Inc. magazine that analyzed patents issued between 2000 and 2011.
Minneapolis received a total of 28,088 utility patents from the U.S. Patent and Trademark Office during the period, and Inc. also called out Minneapolis as a national leader in specific patent categories.
“The Twin Cities make up a big hub of medical patents, leading in classes involving surgical tools, prosthetics, and bandages,” Inc. wrote. “Many medical-device makers have operations in the area, including Medtronic and St. Jude Medical. And the Mayo Clinic is headquartered in nearby Rochester, Minnesota.”
“The area also leads in so-called stock-material patents, which include adhesives and coatings (3M is in St. Paul),” Inc. added.
California’s Silicon Valley received the most patents—89,547—during the period. In fact, more than 10,000 patents were issued to organizations in the San Jose area in 2011, nearly 10 percent of all U.S. patents issued that year, according to Inc. And Silicon Valley leads in 66 of the 400 patent classes, more than any other area in the country.
See Inc.’s full list of the 20 most innovative cities here.
Last fall, Twin Cities Business examined the many changes to U.S. patent law brought about by the America Invents Act.
While a concentration of patents is not the only measure of a city’s innovation, it is a commonly used barometer. Last year, Twin Cities Business partnered with Patent Buddy, a Minneapolis company founded by local attorneys, to compile a list of “Minnesota’s Top 500 Inventors.” The list was released in conjunction with a story that examined the state’s history as an innovation hotbed.
Meanwhile, inventors from around the country are expected to visit Minneapolis next month for the 2014 “Invention Expo.” The expo, which recently announced that it is seeking exhibitors, was created by the Minnesota Inventors Congress. The organization was founded in 1958, and Twin Cities Business examined its history in a 2011 feature story. The event has attracted thousands of independent inventors and is the oldest of its kind in the nation. After a 56-year run in its home community of Redwood Falls, the event moved to the Twin Cities this year and will be held at the Minneapolis Convention Center.