Patents provide incentives for economically efficient research and development (R&D). A study conducted annually by the Institute for Prospective Technological Studies (IPTS) shows that the 2,000 largest global companies invested more than 430 billion euros in 2008The 2009 EU Industrial R&D Investment Scoreboard produced by the Institute for Prospective Technological Studies in their R&D departments. If the investments can be considered as inputs of R&D, real products and patents are the outputs. Based on these groups, a project named Corporate Invention Board, had measured and analyzed the patent portfolios to produce an original pictureTechnological profiles for global companies by analysing their patent portfolios of their technological profiles. Supporters of patents argue that without patent protection, R&D spending would be significantly less or eliminated altogether, limiting the possibility of technological advances or breakthroughs. Corporations would be much more conservative about the R&D investments they made, as third parties would be free to exploit any developments.
Patents provide incentives for economically efficient research and development (R&D) A study conducted annually by the Institute for Prospective Technological Studies (IPTS) shows that the 2,000 largest global companies invested more than 430 billion euros in 2008The 2009 EU Industrial R&D Investment Scoreboard produced by the Institute for Prospective Technological Studies in their R&D departments. If the investments can be considered as inputs. of R&D, real products and patents are the outputs. B.ased on these groups, a project, named Corporate Invention Board, had measured and analyzed the patent portfolios to produce an original pictureTechnological profiles for global companies by analysing their patent portfolios of their technological profiles Supporters of patents argue that without patent protection, R&D spending would be significantly less or eliminated altogether, limiting the possibility of technological advances or breakthroughs. Corporations would be much more conservative about the R&D investments they made as third parties would be free to exploit any developments.