There are many sources of positive evidence supporting the important contribution that intellectual property (IP) makes to the UK economy, both in delivering growth, competitive advantage and sustaining revenues.
Understanding how the UK future challenge in continuing to derive value from IP depends upon many factors including businesses appetite for R&D and an investment environment open to commercial models and technologies that carry both high risks and rewards. The context of the UK’s challenge in exploiting IP is a global one and increasingly the role of other regions and countries, in driving the winds of change in fields such as IP law and licensing, can and are having a profound effect on the UKs standing and success.
The International Chamber of Commerce (ICC) have produced a comprehensive report titled, The ICC Road Map for Intellectual Property, which amalgamates findings from several international surveys and bodies which indicate the economic and geographical IP trends which may provide early warning of chill wind for UK innovation, these include:
- Hong Kong (China) and Singapore ranked in IP top ten
- Top 40 IP countries now includes Malaysia, China (mainland), the United Arab Emirates and Costa Rica
- Expenditures on R&D in emerging nations on upward trend; Indonesia, India, Malaysia and China leading with double digit growth (2012–2013)
- Filing activity for patents, trademarks and industrial designs has steadily shifted from high-income to middle-income countries
- Patent offices of China, New Zealand, Mexico, the US and the Russian Federation reported the largest growth in patent filing
- China (2012) accounted for the largest numbers of applications filed throughout the world for patents, utility models, trademarks and industrial designs
These global developments pose real implications for UK companies seeking to demonstrate IP leadership in their field and raise the stakes in establishing freedom-to-operate and capacity to resist the challenge of foreign IP owners.
We would welcome your view on these and other global IP trends that set the future direction and travel for entrepreneurial UK businesses and IP owners.
A full copy of the ICC report can be obtained via their website