Business News

DuPont Ranks First in Chemical Industry Innovation

Monday 03. November 2008 - DuPont has the strongest patent portfolio in the chemical industry, according to the Global Patent Scorecard issued on Oct. 21.

DuPont has rated first among chemical companies since the inception of the report’s publication in the Wall Street Journal. The Patent Board rated DuPont more than twice as strong as second place 3M for the aggregate “Technology Strength” score.
“Science is the engine of sustainable growth for DuPont,” said Chief Science and Technology Officer Uma Chowdhry. “The Patent Scorecard validates DuPont’s patent portfolio as being strongly linked to core science and shows our leadership in innovation cycle time on the latest technologies. New patent grants and patent strength are leading indicators that allow us to monitor how well we are putting our science to work.”
DuPont averages more than five patent filings per day and holds an active portfolio of more than 6,000 U.S. patents. More than 1,000 new products were launched in 2007. That enabled a gain of more than USD 10 billion revenue last year from products launched since 2004. “Every new product introduction is a pricing opportunity,” Uma said.
The Patent Board uses a proprietary process to evaluate patent portfolios for quality, quantity, strength, intensity, and innovation cycle time.