EUIPO study: 93% of SMEs recognize positive effect of registering intellectual property rights

 

Mostar, October 3, 2022 – More than 90 percent of small and medium-sized enterprises with registered intellectual property rights experienced a positive impact on their business, according to a study published by the European Union Intellectual Property Office (EUIPO).

The 2022 edition of the Intellectual Property SME Scoreboard shows that only 10% of SMEs in the European Union have registered intellectual property rights such as national and European trademarks, designs and patents, but that almost all (93%) SMEs with registered intellectual property rights experienced a positive impact on their business, citing improved company reputation or image (60%), better intellectual property protection (58%) and better long-term business prospects (48%) due to registering their rights.

Third of small and medium-sized enterprises (36%) that own intellectual property rights state that they have achieved financial gain from their registered rights, EUIPO announced.

The study also looks at the infringement of rights and how SMEs deal with this problem. Among SMEs that own registered intellectual property rights, 15% have suffered infringement of their intellectual property rights, resulting in loss of turnover and reputation. Nine out of 10 of these SMEs have taken measures to enforce their rights.

The 2022 edition of the Intellectual Property SME Scoreboard has been published by the European Observatory on Infringements of Intellectual Property Rights at EUIPO, which is celebrating its tenth anniversary. This is the third such study, after those published in 2016 and 2019.