Our survey results are in!
And it looks like belts have been tightened as far as they will go… with IP budgets now stabilizing for 2010. 72% of respondents (US companies, primarily small to medium-sized enterprises) plan to maintain or increase foreign patent filings for 2010. This is a bit of bright news after a difficult year: over 40% of respondents filed fewer patent applications in 2009 as compared to 2008, according to our survey results.
Other key findings include:
60% of respondents had their IP budget cut in the last 12-18 months, with nearly 40% experiencing a cut of 30% or more!
72% brought some patenting procedures in-house in the last 12-18 months.
For those who did reduce foreign patenting costs in 2009, the measure most cited was to reduce the number of foreign countries entered. Specifically, the average was 6.6 countries in 2008 and 6.3 countries planned for 2010.
Of course at inovia we know foreign filing can be costly, but filing less is not the only solution! (The phrase “cutting off your nose to spite your face” comes to mind…) Use our foreign filing platform for an fast and accurate estimate.