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Growing Demand for IP Rights: The European Example

Growing Demand for IP Rights: The European Example

Submitted by eTISC on Wed, 04/12/2019 - 09:58

1/3 of European jobs rely on IP-intensive industries, said recent report published by the EPO and OHIM.

The paper titled Intellectual Property Rights intensive industries: contribution to economic performance and employment in Europe, reported that some 77 million jobs come from industries that have a 'higher than average use of IP rights'.

The full study analyzed patents, trademarks, designs and geographical indications. Reported figures clearly show that the benefit of patents and other IP rights is not just economic theory but business reality.

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The study is the first of its kind to measure the impact of IP rights on the European economy. Among other factors, it considers GDP, employment, wages and trade, and finds that about half of all EU industries are IPR-intensive.