Companies With Registered Patents Pay 19% Extra To Their Employees

2021-02-08   |   by CusiGO

According to a study by the European Intellectual Property Office (euipo) and the European Patent Office (EPO), companies with intellectual property rights (IPR) pay an average of 19% more than companies without IPR.

In addition, companies that own at least one patent, design, registered design or trademark earn an average of 20% more per employee than companies that do not own any such intellectual property.

In terms of personal intellectual property rights, compared with non intellectual property enterprises, patent ownership is more closely related to enterprise economic performance. The income of each employee increased by 36%, and the wage increased by 53%.

The second is the ownership of registered design, with 32% higher income, 30% higher salary, 21% higher trademark income and 17% higher salary.

By sector, companies with intellectual property rights are more represented in the information and communication sector (18%), manufacturing (14%) and other service sectors (14%), and science and Technology (13%).

This study highlights the economic benefits of intellectual property ownership, especially in small and medium-sized enterprises, because, where appropriate, the per capita income of intellectual property holders is 68% higher than that of non intellectual property holders. For large companies, the extra revenue is 18%.

The report also shows that less than 9% of European SMEs own one of the three types of intellectual property rights, while almost six out of every 10 large companies own intellectual property rights, which shows that small companies have great potential to obtain greater benefits from intellectual property rights.

In addition, the per capita income of SMEs merging different intellectual property rights is even higher. In Spain, 11.6% of SMEs own any of the three intellectual property rights.

The revenue of small businesses with patents and trademarks increased by 75%, while that of small businesses with registered designs and trademarks is estimated to increase by 84%.

On the other hand, the per capita income of SMEs with a combination of patents, trademarks and registered designs is almost twice that of those without the three intellectual property rights (98%).