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Professor I Researcher I Speaker I Executive Coach I Facilitator LEGOยฎ SERIOUS PLAYยฎ Method (certified)

๐Ž๐ง ๐–๐จ๐ซ๐ฅ๐ ๐ˆ๐ ๐ƒ๐š๐ฒ, ๐ญ๐ก๐ž ๐ญ๐ฐ๐จ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ ๐š๐ฆ๐ž ๐œ๐ก๐š๐ง๐ ๐ž๐ซ๐ฌ ๐›๐š๐œ๐ค๐ž๐ ๐›๐ฒ ๐จ๐ฎ๐ซ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก: ๐–๐จ๐ฆ๐ž๐ง ๐š๐ง๐ ๐’๐Œ๐„๐ฌ. ๐‡๐ž๐ซ๐žโ€™๐ฌ ๐ฐ๐ก๐ฒ ๐Ÿš€ This post has been co-created by Shashi Matta and Maximilian Bauer. ย  April 26 is ๐ŸŒ World Intellectual Property (IP) Day. Our research on Innovation suggests two ways to supercharge #innovation in the world: 1๏ธโƒฃ Empower Women Innovators, and 2๏ธโƒฃ Fuel IP activity in Small and Medium-sized Enterprises (SMEs). Letโ€™s unleash these two giants. ย  โœ… ๐“๐ก๐ž ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐†๐š๐ฉ ๐š๐ง๐ ๐‡๐จ๐ฐ ๐ญ๐จ ๐‚๐ฅ๐จ๐ฌ๐ž ๐ข๐ญ. According to the World Intellectual Property Organization (World Intellectual Property Organization โ€“ WIPO), only 33.3% of international patent applications filed in 2021 included at least one woman inventor. However, a study by the National Center for Women & Information Technology found that gender-diverse patents are cited 30-50% more than only-male groups. Clearly, including women leads to more impactful ideas. Though the proportion of women inventors in patent applications increased from 17% (1995) to 33.3%, hereโ€™s where the real potential lies โ€“ ย  ๐Ÿ”น India: Large and young population. Opportunities for Women: technology, healthcare, sustainability. Highlights: Nari Shakti Innovation Challenge (2021), and Atal Innovation Missionโ€™s (AIM) program for women entrepreneurs in healthcare, agriculture, education. ๐Ÿ”น African Countries: Many thriving entrepreneurial ecosystems. Opportunities for Women: ย agriculture, healthcare, technology. Highlights: African Women Innovators Network ๐Ÿ”น Indonesia, Vietnam, and the Philippines: Fast growing economies. Opportunities for Women: information & communications technology, renewable energy, e-commerce. ๐Ÿ”น Brazil: Largest economy in Latin America. Opportunities for Women: technology, agriculture, sustainable development. ย  โœ… ๐’๐ฎ๐ฉ๐ž๐ซ๐œ๐ก๐š๐ซ๐ ๐ข๐ง๐  ๐’๐Œ๐„ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง.ย SMEs make up over 90% of businesses worldwide, and account for 60-70% of employment, according to The World Bank. Still, SMEs often struggle to protect and leverage their IP. However, the European Patent Office (EPO) and the EUIPO - European Union Intellectual Property Office found that SMEs that own IP rights generate 68% more revenue per employee compared to those without. So how can we support #SMEs in their innovation and IP development? ย  ๐Ÿ”น Demystify Open Innovation processes for SMEs to develop IP. ๐Ÿ”น Offer financial incentives and resources to SMEs for IP protection and commercialization. ๐Ÿ”น Deliver IP strategy and assets education tailored to SMEs. ย  ๐–๐ก๐š๐ญ ๐š๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ข๐๐ž๐š๐ฌ ๐ญ๐จ ๐ž๐ฆ๐ฉ๐จ๐ฐ๐ž๐ซ ๐–๐จ๐ฆ๐ž๐ง ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐จ๐ซ๐ฌ ๐š๐ง๐ ๐ฌ๐ฎ๐ฉ๐ž๐ซ๐œ๐ก๐š๐ซ๐ ๐ž ๐ˆ๐ ๐ข๐ง ๐’๐Œ๐„๐ฌ? ๐’๐ก๐š๐ซ๐ž ๐ข๐ง ๐œ๐จ๐ฆ๐ฆ๐ž๐ง๐ญ๐ฌ. ย  If you liked this post, hereโ€™s our post on the most crucial Future Skills for you to be INNOVATION READY: โ†ชย https://lnkd.in/eWBUP-dz ย  ๐’๐ก๐š๐ฉ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž, ๐›๐ž ๐ˆ๐๐๐Ž๐•๐€๐“๐ˆ๐Ž๐ ๐‘๐„๐€๐ƒ๐˜.

Adeel Arshad, MS, MBA.

My Business is to Grow your Business through Technology & Transformation Consulting! Learn and dive into your own Big Blue Oceans!

1y

True. Women Empowerment and protection of their Intellectual property is important. The #innovation at SME level have proven to increase the number of #patents and IP significantly Shashi Matta & Maximilian Bauer

Nicolรกs Anuor Aguilar Pelizzoli

Master in Marketing Management | Creative Marketing Strategies

1y

Thanks for sharing this valuable information, Professor! ๐Ÿ‘ It's eye-opening to see the impact of empowering women innovators and supporting SMEs in IP development. Keep up the great work! ๐Ÿ™Œ

Maximilian Bauer

Doctoral Candidate and MBA Program Manager at WFI - Ingolstadt School of Management, KU Germany

1y

Indeed, the theme of this year's World IP Day is "Women and IP: Accelerating Innovation and Creativity." We found Lisa Jorgenson's video message on the World Intellectual Property Organization โ€“ WIPO Website inspiring. That, coupled with my research with Shashi Matta on Open Innovation in SMEs, underscores the two Innovation Game Changers we've highlighted.

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