According to EU cleantech companies, patents are vital for their business. Preventing imitation, assessing freedom to operate and elevating the company’s reputation are considered the most important aspects of patents.
Interestingly, smaller companies appear to value patents even more. For them, patent protection is a versatile tool driving growth. It secures essential funding and opens doors to strategic partnerships.
For larger companies, it can be interesting to work with smaller patent-minded companies. It provides easier access to cutting-edge technologies, reduces investment and speeds up development. It offers a competitive edge and facilitates risk-sharing.
Source: European Patent Office