Picture: iStock

Patents

Picture: iStock

Patents ensure that companies can market their ideas without their competitors being able to copy them. Firms which conduct research can keep the rewards for themselves and thus recoup the costs of developing new products and processes.

Authors
Content Type

In this way, patents provide companies with an incentive to invest in research and development. However, small and medium-sized enterprises often find it particularly difficult to turn their ideas into marketable products.

Oliver Koppel

Dr. Oliver Koppel

Senior Economist for Innovation and S+E

Tel+49 221 4981-716

Mailkoppel@iwkoeln.de

Go to profile
Thomas Puls

Thomas Puls

Senior Economist for Transport and Infrastructure

Tel+49 221 4981-766

Mailpuls@iwkoeln.de

Go to profile
Enno Röben

Enno Röben

Economist for MINT report and engineering labour market

Tel+49 221 4981-879

Mailroeben@iwkoeln.de

Go to profile