The U.S. Chamber of Commerce’s Global Innovation Policy Center (GIPC) launched the 7th edition of its International IP Index last week, and Sweden was highly ranked (3rd). In the report, GIPC has benchmarked the IP framework in 50 global economies.
The Index evaluates the IP infrastructure in each economy based on 45 unique indicators, which are critical to the growth of effective IP systems. The indicators span 8 categories of IP protection: patents, copyrights, trademarks, trade secrets, commercialization of IP assets, enforcement, systemic efficiency, and membership and ratification of international treaties.
Sweden in the top 3
- Sweden is overall ranked 3rd, whilst U.S. receives the highest score and is closely followed by the UK.
- Sweden received a high score in the category of trade secrets and the protection of confidential information
- Sweden scored poorly in the category of commercialization of IP assets (ranked 17th). This is an area where Sweden can learn from the U.S. who was ranked 3rd in the category.
Why improving IP protection is important
GIPC sees a strong correlation between the strength of IP systems and innovative output, access to innovation, and job creation in knowledge-intensive industries without regard to size, region, or level of development. GIPC recognizes that “economies flourish and the public prospers when governments recognize the value of placing a robust IP system at the core of their legislative, regulatory, and judicial frameworks”. Being successful in this area is therefore highly relevant for a country. View the full report at: https://www.uschamber.com/ipindex
The Swedish Patent and Registration Office, PRV, is the authority for intellectual property in Sweden. PRV works strongly with the Swedish innovation ecosystem by protecting ideas with the help of patents, design protection and trademark protection. For more information on how Sweden and PRV works with matters related to IP, visit: https://www.prv.se/en/
Author: Hanna Isacsson, intern at the Office of Science and Innovation in Washington DC