Industry and Technology Minister Mustafa Varank said Friday that Turkey’s international patent applications increased 47% in 2019, promoting the country to the 13th rank in the world.
“This increase resulted from a rise in discoveries in high-tech sectors including machinery, medicine, chemistry, computer and electronics. For the first time we rose to the 13th rank by leaving countries like India, Israel, Australia and Finland behind,” the minister said in an award ceremony of a competition organized by the Turkish Patent and Trademark Office (Türk Patent).
Varank said that Türk Patent works to protect innovation potential and transform these ideas into products with commercial value.
“When you patent an invention, this means 20-year protection for it. So if you have a patented invention, you have an opportunity to have a product that generates profit for 20 years, and also you feel proud of developing a product that is claimed by all society after the protection period expires,” he said.
According to statistics given by Varank, the number of annual patent applications increased by 20 times, while the number of domestic patent registrations rose by 27 times in the last 18 years. Turkey has ranked first in Europe in trademark registration applications since 2011. Despite the COVID-19 outbreak, there were more patent, trademark and design applications in the first eight months of this year than in the same period last year.