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ARTICLE · 12 JULY 2021

What It Means To Be In Intellectual Property

While many may assume that the legal arena is the primary employment venue for IP, this is not the case. Let us examine some of the different positions that comprise this industry and why...

LuxembourgIntellectual Property

While many may assume that the legal arena is the primary employment venue for IP, this is not the case. Let us examine some of the different positions that comprise this industry and why they are vital to the sector and the global economy.

The IP universe at a glance

In 2020, inventors and organizations filed approximately 275,000 patent applications through the Patent Cooperation Treaty (PCT) system of the World Intellectual Property Organization (WIPO). This represented a 4% increase from 2019 despite the large-scale economic disruption of the coronavirus pandemic, continuing an upward trend since 2010. Given its striking resilience, it is reasonable to project this growth in patent submissions will last long into the future. Some of the top inventive categories in which patents were submitted via the PCT framework in 2020 were computer technology, digital communications, electrical machinery, medical technology, transport and measurement (i.e., gauges of

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