Sustainable Innovation Projects From Patent Information to Leverage Economic Development

Abstract

Patent information can provide a growing competitiveness through the technology transfer it fosters, and be economically important because of the innovation it leverages. Organizations are not monetizing their potential related to the use of patent information that could encourage more innovation and the largest number of patent applications, resulting in more businesses and greater economic growth. This chapter sustains that a coherent and effective use of patent information, containing information from research and development (R&D) activities with industrial application, can contribute to solving problems, fostering innovation through the resulting products and processes. Sustainable solutions can be realized, using unexploited inventions, as by the formulation of new products based on R&D that can be adapted to new global needs, creating jobs and protecting the environment and its resources.