The Economics of Intellectual Property
October 4, 2013
October 4, 2013
Investment in intellectual property (IP) can be a key indicator of a company’s growth potential, but historically it has been difficult to get reliable data on the effect that intellectual property has on the wider economy.
This week, the European Patent Office and Office for Harmonization of the Internal Market released a new report on IP-rights intensive industries, which shows the major contribution that IP has on economic performance and employment in the European Union (EU).
Looking at IP data from 2004-2008, the EU report found that:
The EU report was designed to mirror the report released in 2012 by the Economics and Statistics Administration and the United States Patent and Trademark Office, Intellectual Property and the U.S. Economy: Industries in Focus. Also looking at IP data from 2004-2008, the US report found that:
It is encouraging to note that regardless of the economic climate, IP, invention, and innovation continue to be a driving and sustaining force around the world.
Intellectual Ventures is proud to support and collaborate with programs and organizations who are taking on big ideas around science, technology, engineering and mathematics (STEM) while working to inspire and support future inventors.Read More
It’s been a great month for news profiling inventors, inventions, mentorship and more. Check out some of the links we’re loving from April.Read More
Two IV colleagues came together a few years ago to create a workshop that encourages girls to pursue STEM education. Delivered through local Expanding Your Horizons conferences, the workshop ‘Invent This!’ gives young women the opportunity to experience the process of invention and applying for a patent.Read More