UK companies are filing patents in crucial markets at rates up to 40% lower than French and German counterparts, threatening billions in potential revenue.
The UK ranks between 16th and 20th in the Global Innovation Index, particularly in patents, demonstrating an alarming underperformance in international competitiveness.
Sharon Todd warns that the lack of patent filings is a sign of strain on UK science-based industries, which could contribute to significant revenue losses.
CIPA president Matt Dixon emphasized the necessity for government collaboration to address the patent shortfall and enhance the country's innovation capacity.
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