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Photo: Waltraud Grubitzsch/picture alliance via Getty Image

Women account for less than 13% of all patents applicants worldwide, according to a study by the UK's Intellectual Property Office.

Why it matters: Researchers cite a lack of women working in STEM fields — science, technology, engineering and math — for the uneven ratio.

By the numbers: The proportion of female inventors almost doubled between 1998 and 2017, from 6.8% to 12.7%, the study found.

  • The number of patent applications that name at least 1 woman on their team rose from 12% to 21% during the same period. Still, most female inventorship happens with a single woman on a male-dominated team.
  • Patent applicant teams with at least as many female inventors as males jumped from 3% to 8%.
  • At this rate, researchers don't anticipate hitting overall gender parity until at least 2070.

In the U.S., women make up about 10% of patent holders.

  • Per the study, Russia had the highest percentage — 18% — of female inventors of 10 countries analyzed, while France had 16%, Taiwan and China each had 13% and Canada came in at 10%.

Female applicants were 8.2% more likely to have patents rejected, and 2.5% less likely to appeal rejections, according to analysis by researchers at Yale University.

One level deeper: Female scientists are less than half as likely to receive a patent for their research, per a World Intellectual Property Oraganisation study, which may indicate females are less likely to consider commercializing their products and designs.

Go deeper

Dion Rabouin, author of Markets
11 mins ago - Economy & Business

Miami mayor: Bitcoin's appeal is that governments can't manipulate it

Miami Mayor Francis Suarez is pushing to make bitcoin a part of his city's economic future, and in an interview with "Axios on HBO," he pushed back against the economic orthodoxy of people like Treasury Secretary Janet Yellen who say it's a bad idea.

Why it matters: Miami's inclusion of bitcoin as a way to pay city employees or as part of the city's emergency cash holdings, as Suarez has proposed, would add legitimacy to the cryptocurrency and further entrench it in the U.S. economic system.

Dion Rabouin, author of Markets
12 mins ago - Politics & Policy

Miami mayor acknowledges Big Tech plans could hurt the city's poor

Photo: "Axios on HBO"

Miami Mayor Francis Suarez's ambitions to attract Big Tech has generated a lot of headlines — but it will likely come with some negative impacts for current residents, for which the mayor admits there may not be solutions.

What he's saying: "Gentrification is real," Suarez told "Axios on HBO." But even with his efforts to promote affordable housing, he argues that "government has a limited amount of resources and a limited amount of ability to stop things that are market driven."

Trump's assault on Chinese tech left loose ends galore

Illustration: Sarah Grillo/Axios

President Trump's haphazard war on Chinese tech has left the Biden administration with a raft of unfinished business involving efforts to restrict Chinese firms and products in U.S. markets.

Why it matters: The Chinese and American tech industries are joined at the hip in many ways, and that interdependence has shaped decades of prosperity. But now security concerns and economic rivalries are wrenching them apart.