The Economist magazine has a piece this week entitled "Patent Fiction". They take issue with the findings in a Thomson Reuters' report "China IQ (Innovation Quotient)" that looks at the latest data on the growth of invention patent applications.
It is funny how they trot out the old quantity-versus-quality cliche. I predicted that response 4 years ago when this shift was becoming apparent. It indicates a dangerous level of complacency.
The 2015 Budget speech by the Irish Minister for Finance mentioned that Ireland is taking steps to develop a "Knowledge Development Box" (KDB). Most people took this as meaning that it would be implemented in 2015. This is not exactly what the minister said.
The UK Intellectual Property Office has invested a lot of effort into raising awareness among UK firms. The primary focus has been on micro, small and medium sized firms on the assumption that larger firms have a higher level of awareness.
A survey published in 2006 confirmed the assumption. IP awareness increased with the size of firm. The same research was repeated in 2010 and yielded similar results about awareness as well as marking an increase in the overall awareness in the intervening period.
This didn't surprise me. I have commented previously about the prevailing climate that promotes such awareness.
What really surprised me was the low level of firms with an IP strategy.
Raymond Hegarty's business passion is intellectual property
He is a professional CEO who has managed businesses in Ireland, Luxembourg and Japan
He was recognised by IAM Magazine as one of the "World's Top 300 IP Strategists"
This blog is a collection of personal opinions and does not represent the views of any employer or organisation.