Owning IP Rights Translates To 20% Higher Revenue
A recent report by the EU Intellectual Property Office (EUIPO) and the European Patent Office (EPO) has highlighted the benefits of owning intellectual property rights (IPRs).
Key findings of the report were that:
- Companies that own IPRs have 20% higher revenue per employee than companies that do not.
- Correcting for relevant factors such as sector, company size and country, this revenue premium rises to 55% and even higher for SMEs.
- IPR-owning companies pay wages that are on average 19% higher than firms that do not own IPR.
- About 60% of large companies own IPRs.
- Although less than 9% of small businesses own IPRs, the firms that do have 68% more revenue per employee than firms that do not.
The IPRs analysed in the study were patents, trade marks and designs, and included both European and national rights.
Read the report in full here.
Cameron Intellectual Property can help you to take advantage of the benefits offered by owning IPRs.
Contact us at email@example.com or call us on 0141 375 7575.
Categories: Patents, Registered Designs, Trade Marks