IP Owning SMEs Found To Perform Significantly Better
We've always known that Intellectual Property is one of the most important assets for SMEs and startups. However, a recent study by the European Patent Office (EPO) and the European Union Intellectual Property Office (EUIPO) shows a strong, positive relationship between a SME's ownership of Intellectual Property Rights (IPRs) and its economic performance.
It's found that SMEs who own Intellectual Property Rights have a 68% higher revenue per employee than SMEs that do not own any IPRs.
Further, SMEs that own two different types of IP are found to have generated 75% (patents and trademarks) and 84% (registered designs and trademarks) more earnings. And SMEs that own a combination of patents, trademarks, and registered designs generate a whopping 98% more revenue per employee compared to non-ip owning SMEs.
Almost all SMEs already generate IPRs as part of their business (the most common being trademarks). However, many SMEs do not know the value or indeed the existence of their IPRs. And even among those who do know about their IPRs, many do not know that ownership of their IPRs must be claimed (most commonly through registration).
Why not talk to us to find out what IPRs your business have and how you can own them.
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