Is the UK able to sustain the exploitation of valuable intellectual property?

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

 

 

8th September, 2014

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Sectors: Business