Ocean Energy - Protecting Innovation By Design

In a recent article published by Innovation News Network, Donagh Cagney - Policy Director of Ocean Energy Europe - stated that:

"it is clearer than ever that Europe's future depends on its transition to a 100% renewable energy system. We need to act now to reach that goal, by developing a range of innovative renewable energy sources to complement the already well-established wind and solar sectors. One of those innovations is ocean energy – the next big thing in energy."

To encourage innovation, particularly in emerging fields, protecting intellectual property (IP) is crucial. IP protection ensures that businesses will be able to commercially exploit their inventions and protect them from exploitation by others, giving them the confidence to invest substantial amounts of money in research and development. IP protection also attracts investors and other types of funding.