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Importance Of Patent And Innovation In Educational Institutions

Author

Listed:
  • Mario Al Kassiri

    (Faculty of Operation and Economics of Transport and Communications, University of Žilina)

  • Tatiana Čorejová

    (Faculty of Operation and Economics of Transport and Communications, University of Žilina)

Abstract

This articles discusses the importance of converting knowledge into realizable output, which can subsequently be patented. Patenting, in itself, is already the result of a completed and difficult process. The importance of patenting is not only advantageous for the author patent, but also for the whole society and knowledge-based economy. In this article, we explain not only the effect of patenting on the economy as a whole, along with its advantages, but also possible acceleration in process of patenting. Universities rely on the important aspect of innovation and patenting, whereas innovation and patenting alone support the economic growth. Lack of projects covering patenting process may cause less outputs of innovation. Projects which support the development of innovation and start-ups have big potential in reducing unemployment and increasing the motivation of new foreign investors.

Suggested Citation

  • Mario Al Kassiri & Tatiana Čorejová, 2015. "Importance Of Patent And Innovation In Educational Institutions," CBU International Conference Proceedings, ISE Research Institute, vol. 3(0), pages 271-275, September.
    • Handle: RePEc:aad:iseicj:v:3:y:2015:i:0:p:271-275
    DOI: 10.12955/cbup.v3.611
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    More about this item

    Keywords

    patentinnovation; patenting process;

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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