"If New Corporate Intellectual Property Increases, Sales Performance Also Rises... Strategic Support Needed"

It is analyzed that holding patents and utility model rights contributes to the economic performance of new applicants entering the market.

According to the Patent Statistics Center of the Korea Intellectual Property Research Institute on the 14th, an analysis of companies that newly applied for patents and utility models over the past seven years confirmed that when the scale of holding patents and utility models increased by 1%, the companies' sales performance also increased by 0.13%.

Holding patents and utility model rights refers to the status where the applied patents or utility models have been granted rights (registration) through examination and decision of patent grant or utility model registration.

Last year, a study by the European Patent Office (EPO) showed that patents help startups secure funding, with the effect being most prominent in the early stages of startup development.

The key finding was that startups that applied for patents were 6.4 times more likely to secure funding than those that started without patent applications, and startups that applied for both patents and trademarks were 10.2 times more likely to secure funding.

So far, the industrial property rights system has been evaluated as playing a role in helping new innovative entities enter the market and promoting market competition by granting legal rights to creative inventions that meet certain requirements.

Due to these advantages, industrial property rights activities by new applicants among domestic applications from 2013 to 2022 have continued steadily. Among these, 99% of new applicants holding patents and utility model rights are individuals or small and medium-sized enterprises, and the application scale of new applicants accounted for about 20% of all domestic applications.

In particular, the Patent Statistics Center of the Intellectual Property Research Institute emphasized that in the relationship between the activities of new applicants and startups, patent and utility model applications continuously attract technology startups, while the technology startups that have been established in turn drive an increase in patent and utility model applications, showing a mutually causal relationship.

Gyeongnam Kang, a research fellow at the Intellectual Property Research Institute, said, “To secure continuous growth momentum for our economy, efforts to promote challenges and innovation by various entities are essential,” adding, “It is important to establish a systematic support system to help startups strategically secure and utilize industrial property rights.”

This content was produced with the assistance of AI translation services.