Trade marks and patents boost startups‘ ability to secure funding
A new joint study by the European Union Intellectual Property Office (EUIPO) and the European Patent Office (EPO) finds that intellectual property (IP) rights are a significant factor in the success of European startups. The report shows that, on average, startups that apply for trade marks and patents rights prior to their initial seed or early growth stages are up to 10.2 times more likely to successfully secure
On average, 29% of European starts-ups have filed for an IP right, with important differences between industry sectors. Biotechnology is by far the most IP-intensive sector, with 65% of start-ups using patents or registered trade marks. Other IP-intensive sectors include science and engineering (with 25% of patent users and 38% of trade mark users), health care (20% of patent users and 40% of trade mark users) and manufacturing (20% of patent users and 36% of trade mark users).
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