83% of UK SMEs say it is vital to commercialise IP, but there are too many barriers hindering efforts, reveals GovGrant research

83% of UK SMEs believe it’s vital to commercialise IP, but there are too many barriers hindering these efforts, according to new research by R&D and IP specialists, GovGrant. From the responses of SME decision-makers across seven different sectors, the findings show 26% believe the lack of opportunity to patent and scope to innovate is to blame, while 21% claim it’s insufficiency of expertise.

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