A PIDS study found that applications for intellectual property, especially for inventions and utility models, have been very low across all Philippine industries due to firms' tendency to view their product innovations as trade secrets in order to maintain their competitive edge against their rivals. This, the study said, is a sign that the intellectual property rights in the country should be strengthened. It stressed that having a clear, consistent, and reliable intellectual property regime that is also not restrictive is necessary to motivate firms to innovate competitively and be open to technology transfer.

Know more about the study titled “Innovation Activity of Firms in the Philippines” here:https://www.pids.gov.ph/publications/5884

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