Joint Report by the European Patent Office and the the European Investment Bank on Fourth Industrial Revolution Technologies
The news item includes cloud computing, the internet of things, 5G networks and artificial intelligence within the definition of 4IR technologies. Surprisingly that definition does not seem to cover life sciences even though AI and the rapid analysis of big data sets by machines are the routes for most modern medical advances.
The report is 87 pages long and is divided into a foreword, executive summary, 9 chapters and 3 annexes. The chapter headings are:
- 4IR Patenting and the Contribution of SMEs
- Innovation and Business Profiles of 4IR SMEs
- Market and IP Positions
- Financial Profile and Structural Barriers
- Investment Activities
- Policy Recommendations, and
The annexes deal mainly with the authors' methodologies.
The report's key findings include:
"There are twice as many SMEs with an international portfolio of 4IR patents in the US than in the EU27, adding to the overall leadership of the US in advanced digital technologies."
"A large proportion of 4IR SMEs in both the EU and US cite the availability of finance (73% and 77% respectively) and the availability of staff with the required technical skills (73% and 76% respectively) as business barriers."
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