IP-heavy companies more resilient in global market

Companies that rely on patenting and intellectual property have coped better with the recession and contribute the largest share to international trade, a study has found.

IP-intensive industries, which include companies that rely on research and innovation to create new products, are responsible for 42 per cent of Europe’s GDP, the study found. In addition, 28 per cent of all jobs depend on IP-heavy companies. These companies actually increased their productivity and growth during the recession years between 2011 and 2013 said the European Patent Office, which carried out the study along with the European Observatory on Infringements of Intellectual Property Rights.

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