After two years of decline in the number of international patent applications, the Netherlands recorded the fastest growth of Patent Cooperation Treaty filings (+14.0%). WIPO Director General Francis Gurry commented on the worldwide trend in a press statement: “As we begin to see signs of a recovery, those companies that built strong portfolios of intangible assets during the downturn will benefit the most from new market opportunities.” Since a patent is a legal tool to protect one’s intangible assets such as unique product concepts or methods, a rise in patent filings can be regarded as a sign of innovative strength.
Impressive Dutch innovation is also illustrated by the latest results of the Innovation Union Scoreboard, published by the European Union. The Netherlands climbed to fifth place on the list. In doing so, it is now only one spot away from becoming an ‘innovation leader’ within Europe.
A research hub
The Netherlands is renowned for its open, excellent and attractive research systems. Within the Netherlands, the Amsterdam Metropolitan Area plays an important role as a research hub. The area hosts the highest concentration of life sciences research in the Netherlands, hosting more than 20,000 employees and promoting a strong focus on biomedical and human health.