IP expert hails further growth in Scottish patent applications

A recent article shared by Scottish Legal News discusses the the Patent applications originating from Scotland continue to grow, according to the latest data released by the European Patent Office (EPO).

21 March 2019

A businessman selecting a Patent Concept button on a clear screen.

A recent article shared by Scottish Legal News discusses the the Patent applications originating from Scotland continue to grow, according to the latest data released by the European Patent Office (EPO).

New figures show that Scottish businesses and inventors filed 299 applications last year – representing a rise of almost seven per cent on the previous year.

The EPO data also found that Scotland ranks ahead of Wales and Northern Ireland based on patents filed.

Paul Chapman, a partner at the Marks & Clerk Edinburgh office, welcomed the increase and said: “Scotland remains a very innovation-led environment with businesses and inventors continuing to lead the way in patent application categories including those relating to oil and gas drilling, medical science and materials analysis.

Read the full article here

"Our Partner Director, Sandy Findlay added his comments to this news "It's really good to see from Paul Chapman’s article that Scottish companies are continuing to forge ahead with increasing numbers of patent application filings but what’s even more encouraging is the increase in Scottish companies realisation of benefit through the Patent Box scheme, demonstrating that Scottish companies are leading the way in reaping commercial benefit from their patenting activities."

"While patent filings increased by 7% last year the increase in tax relief received by Scottish companies through the Patent Box relief scheme increased by nearly 45% from £23.2million in the year to March 16 to £33.6million to year ending March 17. While the number of companies submitting Patent Box claims in Scotland didn’t rise the average value of benefit per company rose to £672,000 The highest average benefit value of any region in the UK, outside London and the South East."

Article originally published on Scottish Legal News