Continued Innovation is Key for COVID-19 Recovery

According to the Federation of Small Businesses (FSB), more than a quarter of a million businesses are due to close their doors for the final time in 2021 (1). A key reason behind Switzerland leading the way in the World Intellectual Property Organization's 2020 Global Innovation Index for 10 consecutive years (4) is due to its excellent innovation outcomes including patent applications, IP receipts, and high-tech manufacturing products. utilizing IP Put simply, the UK needs to take a leaf from Switzerland's book and focus on how we can turn the UK into an IP powerhouse. Solutions are available It is clear more needs to be done to educate businesses around the value of innovation, while demonstrating the availability of funding through schemes readily available, and already baked into the budget such as the R&D tax credit scheme and Patent Box.