Yes, there are still financial advanteges to IPR ownership.

Update to the 2015 survey related to ownership of IP for businesses - new article

As you know I wrote about this in an article here on my website. Here’s an update that breaks numbers down in further detail. To me, despite the fact that the subject is rather dry, it’s extremely exiting to read this. 

• Joint EPO-EUIPO report shows that European firms which own IPRs* have on average 20% higher revenue per employee than firms that do not

• IPR-owning firms also pay high wages to their employees (19% higher than firms that do not own IPR)

• While almost six out of ten large companies in Europe own IPRs, only 9% of the region's SMEs hold a patent, registered design or trade mark

-source epo.org

In a press release dated 08.02.2021 EPO & EUIPO confirm what I have already written about, namely the fact that businesses that own either a registered trade mark, a registered patent or registered design generate an average of 20% higher revenues than those that don’t, per employee. 

On top of this these companies that own IP are able to pay an average of 19% higher wages than other companies.

The study referred to shows a powerful positive relationship between the ownership of IPRs and the performance financially of those companies. The strongest performance lies for those companies that own a registered patent, with 36% higher yield per employee and 53% higher wages on average. This is closely followed by ownership of registered designs where the percentage is as follows: 32% higher yield per employee and 30% higher wages. Owners of registered trade marks com in at 21% higher yield per employee and 17% higher wages. 

This means that the stronger your IP portfolio, combining different types of IPRs, is the better your company/business performs financially. Taking into account that it’s not just your business that performs better, the fact that your employees earn more has an impact on both society and the economy in general. 

This is also affecting the other territories that your business trades with and it is a very positive link for companies/businesses that own IPRs with 55% higher yield per employee than non-owners. SME’s perform at 68% higher yield for IPR owners compared to those that don’t own IPRs.

If you are owner of an SME this information is vital not least because innovation is driving us forward in so many ways, and knowing the importance of financial benefit from owning IPRs will pull all of society forward not only in the EU it’s also vitally important for the economy in the UK and the rest of the world at large and SMEs that combine different IP types 75% more earnings than non-owners!

For me the evidence is as plain as the nose on your face. Do yourself and your business, no matter the size of it, a huge favour and protect your intellectual property. And as I often say these rights go hand in hand to form a stronger shield and basis for economic growth and if we’re completely honest we all want growth and expansion in one way or an other. And no I still don’t really care if you refer to it as your heart creations or your brainchildren it is still the same in both mine and other IP professionals eyes. 

The original article: https://www.grandipr.dk/features-and-articles/top-5-reasons-that-there-are-financial-advantages-to-possessing-intellectual-property-rights

*IPRs = Intellectual Property Rights