Biotechnology is a field where technology advances rapidly but returns on investments may be slow. For this reason, it is important for public research organisations and enterprises to protect the innovation that they generate with Intellectual Property Rights (IPR), which provide a basis for return on investment in research and development, by granting monopoly rights for a certain period of time to their owners.
This fact sheet gives a brief overview of:
- The different forms of IP that can be relevant in biotechnology, focussing more specifically on patents;
- The role of biotechnology in innovation in Europe; and
How to use patent information for innovation indicators.
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