The U.K. government’s Intellectual Property Office (IPO) will conduct a research study over the next year to evaluate the role of intellectual property in the nation’s economy.
The Parliamentary Under-Secretary for Business, Innovation and Skills Baroness Judith Wilcox announced the project saying, “The research program will improve our understanding of intellectual property and its economic value. It will help ensure that future policy decisions are based on proper research and evidence.” Wilcox added, “The important research the IPO will carry out over the coming year will help ensure Britain has an intellectual property system that helps businesses grow and prosper.”
The project will review the IPO’s work with partners in Europe and the US, assess the role intellectual property plays in the knowledge economy, and analyze data on levels of investment in copyright and design. The research is also expected to assess the returns U.K. businesses receive from patents and a look at firms using alternatives to patents to protect innovation.
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