DECEMBER 12, 2017
The European Commission has recently announced further initiatives to enhance the protection of intellectual property rights (IPR). Predominantly, these are meant to encourage all companies to invest in innovation, with a special focus on SME and startups.
With these initiatives, the European Commission responds to the growing importance of IPR with IPR intense sectors accounting for an estimate of around 42% of EU GDP and the increased competition on innovation and creativity in the global economy. At the same time, counterfeit and pirated goods account for 5% of all import into the EU. The initiatives aim at facilitating cross-border litigation and effective actions against IPR infringements acknowledging the fact that SME and startups often lack resources to maintain larger IPR portfolios or engage in extended litigation.
Some of the initiatives mentioned in the press release are:
Read the original press release issued by the European Commission here.