Hungary has one of the largest capacities of bran boxes in the world, according to a new study.
The International Intellectual Property Index has ranked Hungary 13th, ahead of Poland, Israel, Canada and other leading nations.
Hungary scored 25.39 points on the IP index, slightly below the regional average of 27.61 points but above the overall median index score of 15.39 points.
The Roots of Innovation report, conducted by the US Chamber’s Global Intellectual Property Center, described Hungary as actively and successfully working to improve its IP performance.
Hungary enjoyed a “strong and sophisticated IP system conferred through EU membership” and had strong “sector-specific IP rights in place such as regulatory data protection and patent term restoration”.
The report, published annually since 2012, covers 45 countries that generate 90 percent of the world’s gross domestic product. The countries surveyed are considered important from strategic and market points of view. This is the first year that Hungary has been included.