California is a major hub of innovation in the U.S., according to a WalletHub report. The report included California among the nation’s most innovative states.
The report gauged and ranked the innovation-friendliness of the states and the District of Columbia. It did this by looking at factors touching on human capital and innovation environment.
California ranked 5th overall for innovation. It was behind only Massachusetts, Maryland, Washington state and the District of Columbia. It was given the No. 1 rank for innovation environment and a No. 7 rank for human capital.
As this report underscores, innovation is a major part of business here in California. It can be important for companies in the state to protect their valuable innovations. Pursuing intellectual property protections can be a major part of this. For inventions, this typically involves patents.
Given this, it might come as little surprise that California also ranks high when it comes to patents. A recent Capital Ideas report ranked the states on number of utility patents per 1,000 people. California was ranked as having the 5th highest patent rate in the country.
So, it is not uncommon for California businesses to have patents among their key intellectual property. It can be a very serious matter when a company’s patent is infringed upon. It can be very important for companies to protect their rights and interests when it comes to their innovations when facing such infringement. Skilled intellectual property lawyers can provide companies here in California with guidance on responding to patent infringement.