Patents as a Means of Stimulating the Application of Open Innovation in Bulgaria

Radka Ivanova ()
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Radka Ivanova: University of Economics - Varna

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2017, issue 1, 216-223

Abstract: Today, organizations need to develop their business in an uncertain and dynamic environment. This raises the need to look for ways to continuously innovate their products, processes, services to meet market requirements. Innovation is a prerequisite for success and gaining competitive advantages. Open innovation also enables organizations with fewer resources to develop innovative activities. The basis of the latter lies in the intellectual activity of the people, which is why ways of protecting it are sought. In this regard, the patents and the possibilities for licensing are important. Updating the statutory regulatory framework is important in the global context.

Keywords: innovation; open innovation; patents; licensing (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2017
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