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How IP rights drive business success – EUIPO/EPO study
The EUIPO and European Patent Office (EPO) have published their latest joint report into the impact of IP rights on firm performance in the EU.
The research found that companies owning IP rights see a 23.8% higher revenue per employee and pay wages that are 22.1% higher on average.
While only around 10% of SMEs register IP rights, those that do so have 44% more revenue per employee compared to their counterparts without IP rights, while large firms enjoy a 16% increase.
The report also found that companies that own EU trade marks have 40.9% more revenue per employee, while those with designs have a 29.3% increase in revenue and a 24.8% rise in wages.
The research is based on data from 119,000 firms across all 27 EU Member States over the period 2013-2022. It follows similar studies published in 2015 and 2021.
The full report is available on the EUIPO website here. The Executive Summary can be read here. The image shows the cover of the report.
Posted by: Blog Administrator @ 10.25Tags: EUIPO, EPO, IP rights,
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