NEW YORK: Many brand owners reduced innovation spending as a result of
the recession, although companies like Microsoft, L'Oréal and Apple
boosted their outlay.The World Intellectual Property Organisation estimated the number of patent applications worldwide rose by just 2.6% in 2008, a more modest pace than previous years, to 1.9m.
Provisional data covering 80% of global output for 2009 anticipate a 2.7% decrease on an annual basis, which would constitute the first decline since 2002 should it ultimately mirror overall figures.
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