Dr Frank Tietze, Head of the Innovation and Intellectual Property Management (IIPM) Lab at the Institute for Manufacturing (IfM), and co-author of a new European Commission report looking at IP and Open Innovation (OI), explains how SMEs can use IP more strategically to gain competitive advantage.
As a hotbed of creativity, small and medium sized enterprises (SMEs) drive growth by developing new technologies, products, services and software. Intellectual property (IP) can play a crucial role in helping to leverage the value of these innovations. SMEs are very good at inventing and innovating. And as new solutions become more technologically complex, SMEs…
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