Among the many case files on the table at the EU summit is the single European patent.
EU Commissioner Michel Barnier wants this project completed. It has been languishing on the back burner for several years, but the hope is one patent across most of the EU would stimulate innovation.
During a recent visit to the Institut Pasteur in Paris, Barnier called on member states to finish the job.
“With a single patent we could reduce the cost of protecting innovation by 10 to 20 times. Better protection means more jobs. It’s high time heads of state and government removed the final hurdle by deciding where the court will be located to rule on each and every case, because if you have a single patent, you need a single jurisdiction,” Barnier said.
The smart money for the court’s location looks to be Paris with EU Council President Herman Van Rompuy coming out on Tuesday in support of the French capital.
The implementation of a single European patent will be real progress according to Simon Wain-Hobson, a researcher at the Institut Pasteur.
“For a company, you can then say, ‘well that money can be invested in a job, and the job will create a patent’, and the whole thing accelerates, so it’s a sort of a virtuous circle,” Wain-Hobson said.
At the moment it costs around 30,000 euros to enforce a patent across the EU’s 27 member countries, while in the US, it costs less than 2,000.
Copyright © 2015 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Exclusive: CIA and Mossad are behind Boko Haram and ISIL, says Sudan president | euronews, world news
- 3eurovibes - a selection of Europe’s best music talent
- 4English and Spanish among happiest languages | euronews, world news
- 5Greek debt: who will pay if Greece fails? | euronews, world news
- 6Exclusive: Tsipras promises meritocracy, transparency for Greece, urges Europe to put people first | euronews, world news
- 7Watch: Ukraine MPs in fierce fist fight outside parliament | euronews, world news
- 8Dramatic dashcam video captures Taiwan plane crash | euronews, world news
- 9International news | euronews, latest international news
- 10Data ‘mocks’ claims migrants try for Europe ‘expecting’ sea rescue | euronews, world news
- 11European Union News | euronews: latest breaking news and headlines about European Union
- 12Kosovo emptying out, hopes for independent future exhausted | euronews, world news
- 13Tens of thousands march in Moscow in memory of Boris Nemtsov | euronews, world news
- 14‘Blue’ dress causes internet confusion. Is it white and gold? | euronews, world news
- 15Live updates: follow the 2015 Oscars ceremony | euronews, world news
- 16euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 17Implanted RFID chip controls office access for Stockholm workers | euronews, hi-tech
- 18Barack Obama’s silly Buzzfeed video goes viral | euronews, world news
- 19Elastic road surface reduces motorway noise pollution | euronews, futuris
- 20Canada: Valentine’s Day mass shooting plot foiled say police | euronews, world news