Fundación Mapfre has presented the study entitled “Feasibility of Patent Insurance in Spain” at the University of Deusto. The study states that at a time of crisis, when quality, research and innovation are perceived as key to recovery, it advocates an insurance formula to support R&D in innovative SMEs.
Presentation of the study took place on 14 November during a seminar that featured the participation of Cristina Iturrioz, Vice-Rector for Research at the University, as well as Luis Hernando de Larramendi, patron of the Fundación Mapfre and the Fundación Alberto Elzaburu. Also present were Paul García Bringas, Professor of the University of Deusto and Director of Deusto Tech; Frank Cuypers, author of the study, and Patricia García-Escudero, Director of the Spanish Patent and Trademark Office of the Ministry for Industry, Energy and Tourism.
According to the authors of the study, Frank Cuypers and Elena Pérez Carrillo, one of the main keys to competitiveness lies in knowledge. “Safeguarding it is essential to lasting economic growth and to generating value for consumers, producers and society as a whole”, they stated. In their opinion, “if the challenge in R&D of achieving excellent, patentable results is complex, for SMEs and other small innovation agents its valuation is even greater, if possible. Once the patent has been granted, they lack the deep financial resources needed to enforce their intangible assets against possible threats or effective infringement”.
The study offers guidelines for the introduction of a patent policy (formulation, contractual, actuarial and marketing aspects). The proposed design is adapted to the needs of Spanish SMEs operating in innovative sectors, where patentable and economically exploitable results are achieved.