April 9, 2021
The joint report by the EUIPO and the EPO delves deeper into the role of IPRs by analysing a representative sample of over 127,000 European firms from all 28 EU member states as of 1 January 2020. According to this analysis, firms that own IPRs generate 20% higher revenues per employee than their counterparts without an IP portfolio. Firms that own IPRs also pay on average 19% higher wages than firms that do not.
The report also includes an econometric analysis which makes it possible to isolate the effect of IPR ownership from other factors such as the size of a firm or the countries and sectors in which it operates. The results confirm the positive association between IPR ownership and economic performance, with revenue per employee 55% higher for IPR owners than for non-owners. To read EUIPO’s press release in full and for to access the report, click here.