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Women Participation in Patenting Brings Substantial Economic Value
By Ferraiuoli LLC
Women’s participation in patenting—both in AI and other technologies—is growing and associated with more diverse teams and patents with higher economic value.
“The findings are essential in guiding our work to strengthen and broaden the innovation ecosystem,” said Director of the United States Patents and Trademark Office (USPTO) Kathi Vidal. “Women are severely underrepresented in science, technology, engineering and mathematic fields, and the emerging field of biotechnology AI is no exception. Fortunately, studies like these bring awareness to the issue and help facilitate important conversations and action.”
The findings were reached by using the AI Patent Dataset and information on inventors’ genders available via PatentsView to study women’s participation in the AI innovation ecosystem. The results were shared by tthe USPTO in an article published in the journal, Nature Biotechnology.
The article also shows that more can be done to diversify the AI innovation ecosystem, especially in the university sector and within the emerging field of biotechnology AI, an area where women’s participation is associated with substantial value.
Ferraiuoli LLC
Ferraiuoli LLC (FLLC) was founded in 2003 by the late Blas Ferraiuoli-Martínez, Eugenio Torres-Oyola and María Marchand-Sánchez. This group was then joined in 2004 by Fernando J. Rovira-Rullán, thus forming the founding core of FLLC. FLLC has grown exponentially since its founding from a law firm with three attorneys and a support staff of three to its current size of 54 attorneys with a support staff of 38. Also, FLLC has grown from initially being known as an intellectual property and corporate law boutique law firm to a multiservice law firm that handles most matters relevant to a business while continuing to earn praise for its leading intellectual property and corporate practices.
FLLC has been ranked as a leading law firm in Puerto Rico by the professional publication Chambers Latin America in intellectual property, corporate, bankruptcy, labor & employment, real estate, and tax law. Moreover, 17 FLLC partners have been ranked as leaders in their field by the same publication. 4 FLLC partners are ranked as leaders in Intellectual Property, no other firm has more than 2. This recognition in such a short period of time is a tribute to FLLC’s business model.
FLLC prides itself in doing its work faster and more cost-efficiently yet with the same quality as that of its main competitors. The founding name partners are available at all times to attend to client matters. Their work ethic sets the tone for the rest of the firm. FLLC’s founders’ goal has been steady from the outset: become one of the premier multiservice law firms in Puerto Rico.