Labnews: European patent system stifling innovation
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Started by: zoobabzoobab
Date: 18 Feb 2009 14:17
Number of posts: 1
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Summary:
The existing intellectual protection (IP) system - under which companies have to file a patent in every EU member state - is "a telling example” of the Union's fractured regulatory framework, argues the study presented at an IP Summit in Brussels. To bypass the EU regulatory framework, many innovative companies and especially SMEs end up skipping the European market by applying for a patent in the US. Jonathan Zuck of the Association for Competitive Technology said: "For the EU to even consider catching up with the US and Japan, a single IP-protection must be put in place."
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