![]() Almost half of R&D-active companies viewed utility patents as very or somewhat important compared to less than 10% of all companies. For each type of IP that was covered by both surveys, the share of R&D-active companies that viewed IP protection as important was at least three times that of all companies. ![]() Figure 1 presents the share of all companies from the 2017 ABS and the share of R&D-active companies from the 2018 BRDS that viewed each type of IP protection as very or somewhat important. businesses-regardless of R&D activity-about the importance of IP protection (Shackelford and Kindlon 2021). This finding holds when comparing estimates from the 2018 BRDS to the 2017 Annual Business Survey (ABS), which asked all U.S. businesses, including comparisons to the population of all for-profit businesses and observations on variations by industry and size of company.Īnalysis of survey data from 2008 revealed that businesses with R&D activity (those that perform or fund R&D) reported IP protection as important in greater proportions compared to the population of all businesses-of which the vast majority are not R&D active (Jankowski 2012). This InfoBrief presents an overview of the degree of importance of each of these types of IP protection to R&D-active U.S. ![]() The remaining types of IP protection covered by BRDS (utility patents, design patents, trademarks, copyrights, and mask works) were each viewed as very or somewhat important by fewer businesses. law as all forms and types of financial, business, scientific, technical, economic, or engineering information that (a) the owner has taken reasonable measures to keep secret, and (b) derives independent economic value, actual or potential, from not being generally known to the public (18 U.S.C. businesses that performed or funded R&D reporting trade secrets as very important to their company in 2018 and 76.2% reporting them as very or somewhat important ( table 1, figure 1). More companies viewed trade secrets as important than any other type of IP protection, with 51.7% of U.S. The Business Research and Development Survey (BRDS) asked respondents to report the importance of several types of IP protection to their company. For this reason, businesses use a variety of strategies to protect their IP. The competitive advantage that IP can give a company is diminished if others can easily copy and use the IP. Many companies that perform or fund research and development do so with the intent of creating intellectual property (IP) they can use to gain an advantage in the marketplace.
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