First, as an intangible asset, patents have huge commercial value and are an important means to enhance the competitiveness of enterprises. Second, companies applying for patents on scientific research results are the basis for companies to implement patent strategies. The quality and quantity of patents are a reflection of an enterprise's innovation capabilities and core competitiveness, and are a symbol of an enterprise's identity and status in the industry. Third, enterprises can obtain long-term returns by applying the patent system. The possession of patents by enterprises is a necessary prerequisite for applying for various science and technology plans and projects such as high-tech enterprises and innovation funds.
For example, it was difficult for domestic companies to enter the European LED market in the early years, no matter how good the products they produced were, because many parts in the products were patented by others, and even the doorsteps were closed. If you can't enter, sales are simply impossible.
Therefore, it is so important to apply for a patent.