Patent-intensive industries account for 16.1% of the EU GDP and and employ directly 23,571,234 million jobs (10.9% of all jobs in the EU). (Source: EUIPO/EPO)
A well-functioning patent system is essential for Europe’s competitiveness, innovation and job creation. Companies that seek to protect their innovations currently in Europe with a patent can either opt to do so only in one national market or designate a number of European markets through a common procedure managed by the European Patent Office in Munich. Going for more than one market means: extra translation costs, lawyer fees, additional administrative procedures and costs.