Envisaging the R & D Impact by correlation of R & D Personnel and Patent Output

Abstract Translating technological know-how in terms of financially viability is one of the major attributes for furthering the competitiveness of modern economies in the knowledge era. Patents have been traditionally used to showcase the R & D competency of a country and serve as the significant indicator of the innovation competency of the R & D personnel of the respective country. They are now been increasingly used by the decision makers for the research policy formulation. However evaluating the country specific performance of the patents in light of the R&D personnel involved is no easy task. Moreover while analyzing on a global scale and benchmarking the performances necessitates adoption of standard methodologies such as correlation and clustering as presented in the present communication.