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.

24.03.2020

How to protect new online businesses and other IP challenges

The field of intellectual property, as important as it may be, is more often than not looked over by the entities that carry out their activity in the field of e-commerce. The reason why intellectual property is crucial for the field of e-commerce, is because by the sale of products and services, generally have important ( learn more )

18.03.2020

Intellectual Property Offices – updates on COVID-19

UKIPO, EPO, EUIPO and USPTO announced the latest decisions regarding the COVID-19 pandemic. Most of them will remain open, and just a few of them are making extensions in terms of deadlines. UKIPO If you are in the situation where you need an extension, due to the pandemic, UKIPO will remain open and mentioned that ( learn more )

16.03.2020

Happy toys for happy children

We have assisted our Client, a manufacturer of wooden toys, in the process of preparing the most suitable trademark filing strategy. We applied at EUIPO for a trademark application in classes 28 and 35 and took all necessary steps for protecting his brand and develop its business in the European Union. The whole procedure was ( learn more )