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Standard-essential patent reform will boost European SMEs, EU's Vestager says

By Nicholas Hirst ( April 27, 2023, 09:06 GMT | Insight) -- Qualcomm, Ericsson, Nokia and other holders of standard-essential patents will need to register their key IP in a EU-mandated database and submit it for independent assessment and even valuation under an EU proposal unveiled today. "We are enabling the European creative and innovative industry to remain a global leader and at speeding up Europe's green and digital transitions," said Margrethe Vestager, the EU's top tech policy commissioner.Qualcomm, Ericsson, Nokia and other holders of standard-essential patents will need to register their key IP in an EU-mandated database, submit it for independent assessment and valuation under an EU proposal unveiled today....

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