A new study released by the European Patent Office (EPO) and the European Union Intellectual Property Office (EUIPO) shows that companies which own at least one patent, registered design or trade mark have on average a better firm performance.
Its main findings, show how firms that own intellectual property rights (IPRs) generate 20% higher revenues per employee than their counterparts without an IP portfolio. Companies that own IPRs also pay on average 19% higher wages than firms that do not.
The report also includes an econometric analysis, which makes it possible to isolate the effect of IPR ownership from other factors such as the size of a firm or the countries and sectors in which it operates. The results confirm the positive association between IPR ownership and economic performance, with revenue per employee 55% higher for IPR owners than for non-owners. Moreover, SMEs that combine different IPRs enjoy even higher revenue per employee.
Access the full report here.