“Protection of Innovations” – article by N.T.F. Schmid in “Innovation”, a special publication by the BWA.

BOEHMERT & BOEHMERT partner and patent attorney Nils T. F. Schmid has written an article, “Protection of Innovations”, which has been published (page 22 et seq.) in the specialist brochure “Innovation – Werttreiber der Wirtschaft” [“Innovation – Value Driver of the Economy”], a special publication of the Federal Association for Economic Development and Foreign Trade [Bundesverband für Wirtschaftsförderung und Außenwirtschaft e.V.] (BWA). “It would seem that numerous barriers to innovation, particularly in small and medium-sized enterprises, are resulting in the (existing) innovative strength not being utilized. (…) The uncertainty about economic success is causing fewer resources to flow into innovations. Even if innovation/know-how is created, dealing with this remains a challenge for the entrepreneur,” explains Niels T.F. Schmid. In his article Schmid provides an overview of strategies for dealing with know-how and also draws up a comparison of the various strategies in order “if necessary, to deduce economic instructions.” The entire article as well as the BWA’s specialist brochure can be downloaded here.