In their recent report "Getting smarter: a strategy for knowledge & innovation assets in the public sector" the UK Government addresses the rising importance of intangibles and latest IP-related developments in the public sector.
During the last decades, we have seen how the world's largest corporations transitioned from a tangible balance sheet, towards a new scenario where in 2018, the five largest companies accumulated 95 % of their value in intangible assets.
Asserting the value of such intangibles is no easy feat. Since the publication of afirst report in 2018, which highlighted the need to properly exploit these assets from a public sector perspective, the UK Government has put a lot of efforts into unveiling the untapped value of intangible assets for the public sector.
- Publication date
- 21 June 2021