By: Jacob Schindler
Asia is the centre of the IP world, accounting for two-thirds of all patent, trademark and industrial design applications filed last year according to WIPO. Its importance will only grow as Chinese companies – already the world’s most prolific patent filers – continue to mature and tech firms from emerging markets seek to replicate their remarkable IP rise. Thinking about the future of patents in Asia, three key jurisdictions stand out. First is China, which as mentioned has already attained numerical supremacy in the patent world. The attempt of its leaders to shift towards a system that emphasises quality is a major initiative that could reshape the innovation landscape but will this effort survive a major trade standoff in which IP protection has become a crucial point of contention? The second place that patent owners are studying much more carefully is India. The country is a major engine of innovation, home to research and engineering campuses for some of global tech’s biggest players. For all that, India’s own companies have generated only a small volume of patent output compared to their peers across the region. But improving patent office efficiency and an uptick in enforcement through the courts are increasingly giving India a bigger role to play in patent strategies.
Read more >> https://www.iam-media.com/patents-asia-pacific-20192020-new-innovation-battleground
