|
Inventions by entrepreneurs and individuals are a crucial part of UK business, according to experts.
New research from the UK Intellectual Property Office has found that nearly a third of all patent applications are currently made by entrepreneurs and individuals.
More than 1,800 individuals put in patent applications in the first quarter of 2007.
The UK Intellectual Property Office said that such applications "are proving to be an important part of the UKs innovation culture".
Malcolm Wicks, science and innovation minister, said: "Britain remains a nation of inventors, taking their ingenuity from the garden shed to commercial success.
"Entrepreneurs and the passion of those who appear on shows like Dragons Den can really inspire innovation."
Mr Wicks also emphasised the importance of keeping invention and innovation in the public eye.
As reported by businesshighstreet.com, the Federation of Small Businesses (FSB) recently highlighted the importance of the governments role in helping business start-ups protect their intellectual property and inventions.
Mike Cherry, financial affairs chairman at the FSB, commented on the need for this sort of asset protection: "Small businesses produce 60 per cent of commercial innovations in the UK and it is vital to the countrys economic success that their ideas are supported, not stolen.
"If a small business can protect their ideas and bring them to market it will reward them for those ideas and encourage others to follow in their footsteps, safe in the knowledge that they will benefit from their innovation."
See copyright notice
| Other
Top Business News Stories |
|
Business
News 
