Why do enterprises apply for patents? What benefits can patents bring to enterprises?

Enterprises applying for patents have many advantages, mainly in the following aspects:

1. Protect the R&D investment of enterprises. The most important function of patent is to help enterprises prevent competitors from copying their innovations. If the enterprise owns the invention patent, the third party will not be able to use or benefit from the time and money invested by the enterprise in research and development.

2. Improve the competitiveness of enterprises. Owning patents can help enterprises occupy a favorable position in market competition, thus improving their competitiveness.

3. Increase the income of enterprises. Owning patents can help enterprises get more income, because others have to pay for using technology.