Invention Incentive Programs Get Results: Survey

Law360, New York (January 28, 2009, 12:00 AM EST) -- Companies that operate incentive programs for their inventors reap more innovation activity than firms without the programs, a new survey has found.

Firms with incentive programs that provide financial rewards for inventions also significantly improve the rate of return on their research and development investments, the survey, conducted by ipPerformance Group, revealed.

"We know from our current and previous research that companies that have a well-designed program benefit with increased inventor participation and cooperation as well as better innovation performance. Inventors respond to recognition and rewards,...
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