Can my business benefit from simply researching other patents?
By searching patent information and looking at technologies being developed in the industry you often get new ideas of your own. Timely and proper use of patent information would prevent reinventing the wheel and having to license in technology patented by someone else.
It may also inspire youth to design around it and hopefully obtain a patent yourself for a new invention that further improves the technology. it is therefore an important tool for enhancing the competitiveness of your business. With patent statistics you are as well able to identify interesting markets.

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