In the wake of the Covid-19 pandemic, we have seen a large amount of government backed funding made available in the UK to promote UK based innovation. In particular, various schemes, competitions, grants and loans have been announced with the aim of helping UK SMEs involved in technology and R&D grow as the Covid-19 disruption dies down. We have reported on a number of these recently. An area that is important for achieving this aim, but is perhaps at risk of being overlooked during this period of widespread disruption and uncertainty, is intellectual property.
Insights: IP strategy
For over 50 years the MacRobert Award has been recognising world-leading engineering innovations developed in the UK. Originally founded by the MacRobert Trust in 1969, the award has since become the UK’s longest-running and most coveted prize for UK engineering ingenuity. The annual award is now run by the Royal Academy of Engineering, and honours engineering achievements that demonstrate outstanding innovation, tangible societal benefit and proven commercial success. The list of past winners of the award serves as an impressive reminder of the wide-ranging capabilities of British engineers.
The European Patent Office (EPO) and the EU Intellectual Property Office (EUIPO) have jointly published a report examining the relationship between IP activity and the growth prospects of European small and medium-sized enterprises (SMEs).
The automotive industry is facing fundamental challenges arising from autonomous driving and connected car technologies.