"[...] The European Commission today adopted a Recommendation on the management of intellectual property in knowledge transfer activities of universities and other public research organisations. The Recommendation provides public research organisations (PROs) with operational principles to more effectively manage and exploit intellectual property.
Europe is notoriously claimed to be better at producing high-level knowledge than at converting it into socio-economic benefits. While the output in terms of scientific publication is comparable to that of the US, European universities and PROs produce considerably less inventions, file less patents, negotiate fewer licensing deals and generate a lower number of spin-offs than their US counterparts. Surveys have shown that European organisations lag behind their North America counterparts regarding invention disclosures (by 25%), patent applications (by 53%) and patent grants (by 36%). [...]"