Intellectual Property

Patenting Innovation Is National Power As the Center for Strategic and International Studies notes, innovation in an important factor in a nation maintaining global power. Patents secure the rights for companies and national economies to generate GDP by producing products that other countries will buy and import. So, patents are critical to securing income from innovation. However, patenting strategy, whether on the national or corporate level is also critical to directing resources efficiently and effectively. You can’t have a patenting strategy if you don’t analyze the landscape. China’s activity in global patenting is booming. Although it does not necessarily represent a drastic increase in novel innovation, it does signal desire to compete. Some have been very critical of the value of China’s Patenting… Center for Strategic and International Studies (CSIS) CNIPA National Patent Development Strategy explicitly equates patent generation with innovation and calls for government incentives to bolster the number…