President of SZTNH: the use of protection contributes significantly to the economic growth of companies

The number of Hungarian protections for SMEs barely exceeds 3 percent, compared to 8.8 percent of the EU average.

Only with strong intellectual property protection can the country be strong, the use of protection significantly contributes to the economic growth of companies – said Gyula Pomázi, President of the National Intellectual Property Office (SZTNH) at a joint conference of the office and the World Economy on Thursday in Budapest.

Gyula Pomázi emphasized at the conference entitled Conscious Protection of Intellectual Property: the idea will become a business value. Protecting state-of-the-art devices and brands has always been the biggest task in the institution’s 125-year history. Hungarian creativity has a significant past, he underlined.

The use of one protection means a 10% growth surplus, and the combined use of protection can increase the economic growth chances of companies by up to 30%, he explained, adding that the latter must be considered.

The number of Hungarian protections for SMEs barely exceeds 3%, compared to 8.8% of the EU average. China has filed 60,000 international patent applications, becoming the eternal first in this, ahead of the United States. Hungary has 248 international patent applications, which is an increase compared to 215 in 2019. An important condition for entering the international market is to ensure protection.

He noted that protected companies are more attractive to investors, protection creates a monopoly, protects against counterfeiting. Companies dealing with developments can save HUF 1 million for every HUF 10 million with the tax benefits that can be obtained with R&D ratings at the corporate tax, he pointed out. He pointed out that a wide range of protection aids are available to companies.

Tibor Gulyás, Deputy State Secretary for Innovation of the Ministry of Innovation and Technology (ITM), said that an institutional system for the utilization of intellectual values ​​is being built. Science and innovation parks, university innovation ecosystems, competence centers, or national laboratories have become key arenas for the construction of the innovation ecosystem, placing the utilization of domestic knowledge assets everywhere. There are various calls and tenders available in each scene, he listed.

According to his description, a comprehensive institution-building system is taking place within the portfolio, in order for the idea – behind which the knowledge is – to prevail and be properly utilized. Hungary’s innovation performance is getting better in Europe, he said.