The UK Intellectual Property Office (“IPO”) has launched a five year strategy setting out new government plans to boost the British creative industry and the UK’s booming innovations.
A recent publication entitled Making life better by supporting UK creativity and innovation highlights key areas of focus believed to boost economic growth and competitiveness via a new, class-leading Intellectual Property (“IP”) regime. Focus areas are said to include:
- Improvements in enforcement action against counterfeiters and IP thieves
- A revised programme of IP education for UK students and businesses
- An improved EU-wide patent system that will provide protection for UK business across Europe
The strategy led by Baroness Neville-Rolfe, UK Minister for intellectual property, will recognise that despite a currently effective IP regime, more must be done to ensure that businesses and individuals are capitalising on their creativity.
Neville-Rolfe has said: “This government is committed to making the UK the best place in Europe to innovate, patent new ideas and set up and expand a business. The new strategy sets out why Intellectual Property is an essential enabler of productivity and growth”.
The IPO have been reaching out to the business community, putting on workshops and seminars to raise awareness of the importance of protecting IP rights. A staggering 31,000 businesses nationwide have attended these sessions within the last year, with 91% reporting a significant increase in IP knowledge and understanding.
The IPO’s strategy will aim to ensure that IP is accessible and understandable to all, that protection for UK rights holders is strengthened overseas, that IP regimes across Europe are positively influenced, and that online infringement is tackled effectively.
Experts believe that even very modest increases in the registration, protection, and exploitation of IP would contribute to further UK job creation and economic growth. Current research has revealed firms that apply for trademarks are 7% more productive than those that do not.