Knowledge & News

Companies must out-innovate the competition to get ahead in China

12 February 2013

Following Gisela Stuart MP’s words on British business’s need to innovate to stay ahead of the curve in China at the launch of the England China Business Forum (ECBF), Robin Oxley, Birmingham Office Managing Partner at Marks & Clerk, comments:

"When it comes to doing business in China, UK firms should not rest on their laurels or they will find themselves quickly left behind, as Ms Stuart pointed out.

"China’s reform of its system for protecting intellectual property has been well publicised and it has certainly come a long way recently, with some big name patent wins in the courts for non-Chinese companies. Although protecting IP is key to any business strategy, whether you’re operating in Birmingham or Beijing, smaller UK firms in fast moving technologies – telecommunications, for example – don’t always have the time or resources to identify and take action against each and every potential infringer, so keeping one step ahead of the game through innovation can be a good way to maintain a competitive advantage.

"It’s not just the rapidly expanding knowledge base in China that means companies need to stay inventive, however. Innovation is essential to continue to compete in the global market, even if a firm doesn't export outside the UK.

"Additionally, the Government's new Patent Box scheme, with its reduced corporation tax rate on worldwide qualifying profits for UK patented products, is another reason for UK companies to keep innovating – and keep protecting their innovations."

Authors

Robin Oxley

Robin Oxley Partner London (UK) Birmingham (UK) Chartered (UK) and European Patent Attorney, European Design Attorney

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