UK TECH FIRMS SLOW ON PATENT UPTAKE

The number of patents being filed by UK technology companies is falling compared to overseas competitors according to a report by PwC.  It seems that overseas technology companies are far more astute yet aggressive with regard to the way in which patents both protect the technology and provide income streams in the future. There is little doubt that UK companies need to understand how best to account for patents in the first instance and then how to quickly develop the income flows from having the protection in place and stopping competitors.