What is real
is not external form.



CONSTANTIN BRANCUSI

How patents promote innovation

12.12.2019


If we ask an economist how to open a can of soup, the answer will be: assume a can opener. The definition of innovation states that in order to be innovative, you must remain relevant and own the ability of generating useful ideas for people.

A study conducted in 2006 by French economists François Leveque and Yann Meniere revealed that 88% of US, European, and Japanese companies rely on information disclosed in patents to track the progress of technology and direct their own R&D efforts. As we live in a world where we can acquire rights over any invention, inventors are free to promote their ideas widely to maximize the revenue derived from marketing their ideas to the public. Protection is afforded by the patent system, representing an important stimulus in the case of exchange of technical information.

One important industry in which the role of creativity is highlighted and genuinely appreciated is smart-tech. Without constant efforts from those technology owners licensed and cross-licensed, we would not enjoy the advantages of today’s technology, particularly in regard to telephony, electronics, computing, and software.

Scientists have demonstrated countless times that inventors are motivated by the expectation of taking advantage of the rights of their inventions. Ordinary people tend to be stimulated by long-term commitments to inventive activity.

Another field in which creativity and patents play a major role is economics. Not only are patents able to help economic growth, they promote innovation and are some of the most efficient tools employed in the process of knowledge exchange and technology transfer that could ever be created otherwise.

In short, patents have a strong long-term correlation with innovation and knowledge exchange in various fields, especially in the field of economic growth.

15.01.2021

What color is the right one for your business?

From mid-sixties till present the colors play an extremely strategic role in the companies’ business brand developments. Regarding this, choosing a color when creating a brand is a very significant step. One of our clients, a well-known company which manufactures and supplies adhesives and sealants for professional and private markets, has come to identify its ( learn more )

12.01.2021

Intellectual Property after Brexit era

The new regime imposed by Britain’s exit from the European Union comes with a number of implications from several viewpoints. Even if, from a theoretical viewpoint, the United Kingdom left the European Union on January 31, 2020, a withdrawal agreement worked throughout the year so that all these processes could have a constant pace of ( learn more )

07.01.2021

Santa Claus. Who owns it?

Nothing better-known, and also more mysterious than Santa Claus – the character and the suite of constructions of the imaginary that are associated with it. All the serious research and analysis dedicated to it attests to the fact that it is a ” tradition invented” gradually, a complex creation based on an old and new ( learn more )