IMPORTANCE OF PATENT AND INNOVATION IN EDUCATIONAL INSTITUTIONS

Mario Al Kassiri () and Tatiana Čorejová ()
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Mario Al Kassiri: Faculty of Operation and Economics of Transport and Communications, University of Žilina
Tatiana Čorejová: Faculty of Operation and Economics of Transport and Communications, University of Žilina

CBU International Conference Proceedings, 2015, vol. 3, issue 0, 271-275

Abstract: This articles discusses the importance of converting knowledge into realizable output, which can subsequently be patented. Patenting, in itself, is already the result of a completed and difficult process. The importance of patenting is not only advantageous for the author patent, but also for the whole society and knowledge-based economy. In this article, we explain not only the effect of patenting on the economy as a whole, along with its advantages, but also possible acceleration in process of patenting. Universities rely on the important aspect of innovation and patenting, whereas innovation and patenting alone support the economic growth. Lack of projects covering patenting process may cause less outputs of innovation. Projects which support the development of innovation and start-ups have big potential in reducing unemployment and increasing the motivation of new foreign investors.

Keywords: patentinnovation; patenting process (search for similar items in EconPapers)
JEL-codes: O10 O12 O31 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:3:y:2015:i:0:p:271-275

DOI: 10.12955/cbup.v3.611

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