|3.4 UK’s Patenting Performance|
|Why is it significant?|
|Patents provide an indication of how successful the UK is at generating potentially commercially valuable knowledge.
|How does the UK perform?|
|The UK ranks fifth in the G7 in terms of triadic patents per million of population. The level is similar to France, but Japan, Germany and the US have approximately twice as many triadic patents per million of population
|More recent data shows that patent granted and applied for again places the UK sixth