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 © 2014 euronewsMore about:
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Sweden becomes first EU country to recognise the Palestinian State | euronews, world news
- 3Italy swamped by flash floods | euronews, world news
- 4Back to School for Romania’s new First Lady | euronews, world news
- 5What will you ask US Senator John McCain? | euronews, world news
- 6Watch: Passengers ‘push-start’ frozen plane in Siberia | euronews, world news
- 7Turkish president Erdogan unveils his new palace of a thousand rooms | euronews, world news
- 8India PM Modi appoints Yoga minister | euronews, world news
- 9Vladimir Putin most powerful man in the world – Forbes | euronews, world news
- 10[Live] Rosetta’s Philae lands on comet 67P and enters the history books | euronews, world news
- 11European e-revolution people rise up | euronews, world news
- 12International tv news | euronews: European and International tv news bulletin
- 13Where is the best place in Europe for women? | euronews, world news
- 14Irony as organised crime prosecutor arrested for corruption in Romania | euronews, world news
- 15Obama’s ‘risky’ immigration gamble | euronews, world news
- 16Nadia Comaneci: gymnast of perfection and defector | euronews, the global conversation
- 17Putin plans to leave G20 talks early amid Ukraine pressure | euronews, world news
- 18Transcript of hanged Iranian woman’s final message released | euronews, world news
- 19International breaking news | euronews online world breaking news in video
- 20euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass