Canadian Intellectual Property Office launches IP Canada Report 2024; special section on IP finance
11 Dec 2024
The IP Canada Report 2024 is the ninth annual report from the Canadian Intellectual Property Office (CIPO) summarising summary of intellectual property (IP) activity in Canada and abroad by. It covers trends in patents, trademarks, industrial designs, and plant breeders’ rights, all of which CIPO says play a crucial role in IP research.
CIPO is a special operating agency of Innovation, Science and Economic Development Canada (ISED), responsible for the administration of IP in Canada.
Canada was ranked 15th in WIPO’s Global Innovation Index 2023; it has been in the top 20 ranked economies since 2010. CIPO says IP rights like patents, trademarks, and industrial designs are key in contributing to a country’s innovation and output.
This year’s report says IP filing trends in Canada have been mixed. Patent filings have experienced a 6% decrease in 2023, ending two years of growth during the COVID-19 pandemic, and trademarks have decreased by 3%. Conversely, industrial design activity has increased by 2%, reversing the negative growth of 2022, and plant breeders’ rights have increased by 3%, continuing the positive growth started in 2021.
This year’s report includes a special research section which summarises a new study by CIPO into IP-backed financing in Canada. This section provided an overview of typical IP use and ownership among Canadian firms, with a focus on how patents and trademarks are used as security in financing.
CIPO says that a more comprehensive version will include a discussion on Canadian lending institutions involved in intangible asset financing and will be part of a compendium of country reports published by WIPO into how IP-backed finance works in different countries.
This data shared in The IP Canada Report 2024 shows that it has been mostly larger firms (with more revenue and employees) that own IP and are therefore able to use these in financing transactions.
The average approved amount of debt financing for small and medium-sized enterprises (SMEs) owning formal IP was $757,000 – three times higher than the average amount approved for companies with no IP ($245,000). The type of debt funding most commonly sought by SMEs with registered IP are lines of credit, followed by term loans.
According to internal data, CIPO recorded 2,800 security agreements involving over 17,100 patents between 2000 and 2016.20 Of that, 53% of recorded security agreements include patents with only foreign patent applicants, and around 40% of recorded agreements involved patents exclusively filed by Canadian applicants. The remaining 7% consisted of patents with both Canadian and foreign applicants.
The average size in terms of number of patents per security agreement varied significantly between the applicant origin groups. The security agreements with mixed foreign and Canadian applicants had on average 13 patents per agreement, almost four times more patents per agreement than for agreements involving patents with exclusively Canadian applicants (average 3.4 patents per agreement). Security agreements involving patents filed exclusively by foreign applicants had on average 5.9 patents per agreement.
Unlike the patent data where a security agreement is linked to one or several patents, in Canada, security agreements involving trademarks are registered for each trademark. In addition, the number of security agreements involving trademarks is overstated since security agreements registered in CIPO’s trademark database include both security agreements as well as licensing agreements. The data is not limited to scenarios where these trademarks were used as a security.
From 2000 to 2021, CIPO recorded security agreements involving 77,000 trademarks. Over this period, the annual number of trademark security agreements increased from 1,228 in 2001 to more than 9,630 in 2021.
You can access the report here: IP Canada Report 2024
The IP Canada Report 2024 is the ninth annual report from the Canadian Intellectual Property Office (CIPO) summarising summary of intellectual property (IP) activity in Canada and abroad by. It covers trends in patents, trademarks, industrial designs, and plant breeders’ rights, all of which CIPO says play a crucial role in IP research.
CIPO is a special operating agency of Innovation, Science and Economic Development Canada (ISED), responsible for the administration of IP in Canada.
Canada was ranked 15th in WIPO’s Global Innovation Index 2023; it has been in the top 20 ranked economies since 2010. CIPO says IP rights like patents, trademarks, and industrial designs are key in contributing to a country’s innovation and output.
This year’s report says IP filing trends in Canada have been mixed. Patent filings have experienced a 6% decrease in 2023, ending two years of growth during the COVID-19 pandemic, and trademarks have decreased by 3%. Conversely, industrial design activity has increased by 2%, reversing the negative growth of 2022, and plant breeders’ rights have increased by 3%, continuing the positive growth started in 2021.
This year’s report includes a special research section which summarises a new study by CIPO into IP-backed financing in Canada. This section provided an overview of typical IP use and ownership among Canadian firms, with a focus on how patents and trademarks are used as security in financing.
CIPO says that a more comprehensive version will include a discussion on Canadian lending institutions involved in intangible asset financing and will be part of a compendium of country reports published by WIPO into how IP-backed finance works in different countries.
This data shared in The IP Canada Report 2024 shows that it has been mostly larger firms (with more revenue and employees) that own IP and are therefore able to use these in financing transactions.
The average approved amount of debt financing for small and medium-sized enterprises (SMEs) owning formal IP was $757,000 – three times higher than the average amount approved for companies with no IP ($245,000). The type of debt funding most commonly sought by SMEs with registered IP are lines of credit, followed by term loans.
According to internal data, CIPO recorded 2,800 security agreements involving over 17,100 patents between 2000 and 2016.20 Of that, 53% of recorded security agreements include patents with only foreign patent applicants, and around 40% of recorded agreements involved patents exclusively filed by Canadian applicants. The remaining 7% consisted of patents with both Canadian and foreign applicants.
The average size in terms of number of patents per security agreement varied significantly between the applicant origin groups. The security agreements with mixed foreign and Canadian applicants had on average 13 patents per agreement, almost four times more patents per agreement than for agreements involving patents with exclusively Canadian applicants (average 3.4 patents per agreement). Security agreements involving patents filed exclusively by foreign applicants had on average 5.9 patents per agreement.
Unlike the patent data where a security agreement is linked to one or several patents, in Canada, security agreements involving trademarks are registered for each trademark. In addition, the number of security agreements involving trademarks is overstated since security agreements registered in CIPO’s trademark database include both security agreements as well as licensing agreements. The data is not limited to scenarios where these trademarks were used as a security.
From 2000 to 2021, CIPO recorded security agreements involving 77,000 trademarks. Over this period, the annual number of trademark security agreements increased from 1,228 in 2001 to more than 9,630 in 2021.
You can access the report here: IP Canada Report 2024
The IP Canada Report 2024 is the ninth annual report from the Canadian Intellectual Property Office (CIPO) summarising summary of intellectual property (IP) activity in Canada and abroad by. It covers trends in patents, trademarks, industrial designs, and plant breeders’ rights, all of which CIPO says play a crucial role in IP research.
CIPO is a special operating agency of Innovation, Science and Economic Development Canada (ISED), responsible for the administration of IP in Canada.
Canada was ranked 15th in WIPO’s Global Innovation Index 2023; it has been in the top 20 ranked economies since 2010. CIPO says IP rights like patents, trademarks, and industrial designs are key in contributing to a country’s innovation and output.
This year’s report says IP filing trends in Canada have been mixed. Patent filings have experienced a 6% decrease in 2023, ending two years of growth during the COVID-19 pandemic, and trademarks have decreased by 3%. Conversely, industrial design activity has increased by 2%, reversing the negative growth of 2022, and plant breeders’ rights have increased by 3%, continuing the positive growth started in 2021.
This year’s report includes a special research section which summarises a new study by CIPO into IP-backed financing in Canada. This section provided an overview of typical IP use and ownership among Canadian firms, with a focus on how patents and trademarks are used as security in financing.
CIPO says that a more comprehensive version will include a discussion on Canadian lending institutions involved in intangible asset financing and will be part of a compendium of country reports published by WIPO into how IP-backed finance works in different countries.
This data shared in The IP Canada Report 2024 shows that it has been mostly larger firms (with more revenue and employees) that own IP and are therefore able to use these in financing transactions.
The average approved amount of debt financing for small and medium-sized enterprises (SMEs) owning formal IP was $757,000 – three times higher than the average amount approved for companies with no IP ($245,000). The type of debt funding most commonly sought by SMEs with registered IP are lines of credit, followed by term loans.
According to internal data, CIPO recorded 2,800 security agreements involving over 17,100 patents between 2000 and 2016.20 Of that, 53% of recorded security agreements include patents with only foreign patent applicants, and around 40% of recorded agreements involved patents exclusively filed by Canadian applicants. The remaining 7% consisted of patents with both Canadian and foreign applicants.
The average size in terms of number of patents per security agreement varied significantly between the applicant origin groups. The security agreements with mixed foreign and Canadian applicants had on average 13 patents per agreement, almost four times more patents per agreement than for agreements involving patents with exclusively Canadian applicants (average 3.4 patents per agreement). Security agreements involving patents filed exclusively by foreign applicants had on average 5.9 patents per agreement.
Unlike the patent data where a security agreement is linked to one or several patents, in Canada, security agreements involving trademarks are registered for each trademark. In addition, the number of security agreements involving trademarks is overstated since security agreements registered in CIPO’s trademark database include both security agreements as well as licensing agreements. The data is not limited to scenarios where these trademarks were used as a security.
From 2000 to 2021, CIPO recorded security agreements involving 77,000 trademarks. Over this period, the annual number of trademark security agreements increased from 1,228 in 2001 to more than 9,630 in 2021.
You can access the report here: IP Canada Report 2024
The IP Canada Report 2024 is the ninth annual report from the Canadian Intellectual Property Office (CIPO) summarising summary of intellectual property (IP) activity in Canada and abroad by. It covers trends in patents, trademarks, industrial designs, and plant breeders’ rights, all of which CIPO says play a crucial role in IP research.
CIPO is a special operating agency of Innovation, Science and Economic Development Canada (ISED), responsible for the administration of IP in Canada.
Canada was ranked 15th in WIPO’s Global Innovation Index 2023; it has been in the top 20 ranked economies since 2010. CIPO says IP rights like patents, trademarks, and industrial designs are key in contributing to a country’s innovation and output.
This year’s report says IP filing trends in Canada have been mixed. Patent filings have experienced a 6% decrease in 2023, ending two years of growth during the COVID-19 pandemic, and trademarks have decreased by 3%. Conversely, industrial design activity has increased by 2%, reversing the negative growth of 2022, and plant breeders’ rights have increased by 3%, continuing the positive growth started in 2021.
This year’s report includes a special research section which summarises a new study by CIPO into IP-backed financing in Canada. This section provided an overview of typical IP use and ownership among Canadian firms, with a focus on how patents and trademarks are used as security in financing.
CIPO says that a more comprehensive version will include a discussion on Canadian lending institutions involved in intangible asset financing and will be part of a compendium of country reports published by WIPO into how IP-backed finance works in different countries.
This data shared in The IP Canada Report 2024 shows that it has been mostly larger firms (with more revenue and employees) that own IP and are therefore able to use these in financing transactions.
The average approved amount of debt financing for small and medium-sized enterprises (SMEs) owning formal IP was $757,000 – three times higher than the average amount approved for companies with no IP ($245,000). The type of debt funding most commonly sought by SMEs with registered IP are lines of credit, followed by term loans.
According to internal data, CIPO recorded 2,800 security agreements involving over 17,100 patents between 2000 and 2016.20 Of that, 53% of recorded security agreements include patents with only foreign patent applicants, and around 40% of recorded agreements involved patents exclusively filed by Canadian applicants. The remaining 7% consisted of patents with both Canadian and foreign applicants.
The average size in terms of number of patents per security agreement varied significantly between the applicant origin groups. The security agreements with mixed foreign and Canadian applicants had on average 13 patents per agreement, almost four times more patents per agreement than for agreements involving patents with exclusively Canadian applicants (average 3.4 patents per agreement). Security agreements involving patents filed exclusively by foreign applicants had on average 5.9 patents per agreement.
Unlike the patent data where a security agreement is linked to one or several patents, in Canada, security agreements involving trademarks are registered for each trademark. In addition, the number of security agreements involving trademarks is overstated since security agreements registered in CIPO’s trademark database include both security agreements as well as licensing agreements. The data is not limited to scenarios where these trademarks were used as a security.
From 2000 to 2021, CIPO recorded security agreements involving 77,000 trademarks. Over this period, the annual number of trademark security agreements increased from 1,228 in 2001 to more than 9,630 in 2021.
You can access the report here: IP Canada Report 2024
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Canadian Intellectual Property Office launches IP Canada Report 2024; special section on IP finance
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11 Dec 2024
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Canadian Intellectual Property Office launches IP Canada Report 2024; special section on IP finance
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Inngot's online platform identifies all your intangible assets and demonstrates their value to lenders, investors, acquirers, licensees and stakeholders
Accreditations
Copyright © Inngot Limited 2019-2024. All rights reserved.
Inngot's online platform identifies all your intangible assets and demonstrates their value to lenders, investors, acquirers, licensees and stakeholders
Accreditations
Copyright © Inngot Limited 2019-2024. All rights reserved.
Inngot's online platform identifies all your intangible assets and demonstrates their value to lenders, investors, acquirers, licensees and stakeholders
Accreditations
Copyright © Inngot Limited 2019-2024. All rights reserved.