Are IP myths holding back UK AI SMEs? (via Passle)

There is a huge amount of fascinating data in this UK Intellectual Property Office (UKIPO) study on the factors influencing investment in Artificial Intelligence. A number of things stood out to me. While the UK is number three in the world for private investment in AI, UK-based applicants only rank sixth in terms of patent activity. There seems to be a clear link between a lack of IP awareness among UK companies and UK PLCs relative weakness in scaling growth beyond the start-up stage. Indeed, participants in the study noted a propensity for investors to require patents to support an investment round.