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worldipreview.com
NPEs: hiding ownership and gaming the system
The lack of transparency around NPEs marks a serious problem for the European patent system, argues Patrick Oliver of IP2Innovate.
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Patrick Oliver
Patent abuse hurts European SMEs and undermines the knowledge transfer process
This year World Intellectual Property Day focuses on SMEs. As the two examples below show, patents can be an SME’s worst enemy, as well as their best friend. Abuse by patent assertion entities is a serious and growing threat in Europe, especially to small and mid-size innovative firms. The gaming of the European patent system must stop.
IP2Innovate
IP2Innovate's submission on the upcoming European Innovation Act
IP2Innovate has responded to the Commission's call for evidence on the upcoming European Innovation Act, highlighting that proportionality in patent remedies across the EU is needed to support the European Innovation Act’s goals of creating innovation-friendly regulation and eliminating Single Market fragmentation.
IP2Innovate welcomes the objectives of the upcoming European Innovation Act. A balanced patent system is an important prerequisite to ensure Europe’s global competitiveness in critical technology areas, its attractiveness for companies to invest and do business in, and to increase innovation and the take up of new technologies necessary to bridge the gap in productivity levels when compared to other major economies. Unfortunately, our member companies' experiences, supported by data, indicate that Europe's patent system currently lacks the necessary balance, undermining investment in innovation to the detriment of both the public and Europe’s competitiveness. The current practice by EU courts of granting automatic injunctions in patent infringement cases contradicts the European Innovation Act’s goals of creating innovation-friendly regulation and eliminating Single Market fragmentation.
The solution is to modernize the 20-year-old IPR Enforcement Directive to align with Innovation Act objectives and to help close the innovation gap between Europe and its global competitors.
Read our submission here: https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14593-European-Innovation-Act/F33069711_en
IP2Innovate
IP2Innovate welcomes Draghi’s call to improve the pipeline from innovation to commercialization
IP2Innovate welcomes the report on EU competitiveness by Mario Draghi published yesterday, and in particular its emphasis on improving innovation.
The in-depth report cements competitiveness and boosting European productivity at the heart of the EU’s political agenda. It calls for Europe to improve the pipeline from innovation to commercialisation.