What's the use of patents?

The application of patents is mainly reflected in the following aspects:

1. Protection of intellectual property rights: Patents can protect the intellectual property rights of inventors and designers, prevent others from copying and stealing, and thus safeguard their innovative economic interests.

2. Improve competitiveness: having a patent means having exclusive rights to innovation, which can not only improve the competitive position of individuals or enterprises in the industry, but also bring more business opportunities to enterprises.

3. Obtaining economic benefits: The patentee can obtain economic benefits through patent authorization and transfer, or realize the market value of the patent through the sale and licensing of patented technology.

4. Incentives and preferential policies: In some countries and regions, patent applications may receive government incentives or preferential policies, such as the policy of China government to promote the number of patent applications.

5. Technical guarantee and cooperation opportunities: Applying for a patent can protect one's technology by law, increase the confidence of partners in technical cooperation, and thus gain more cooperation opportunities.

6. Capitalization and investment opportunities: Some patents may have high market value, and after the evaluation of intellectual property rights, they may be converted into investment capital, which will bring more capital flow to enterprises.

7. Identification of high-tech enterprises: In some countries or regions, such as China, having a certain number of patents can help enterprises obtain the identification of high-tech enterprises, thus enjoying preferential tax policies.