An article today in Bloomberg.com discussed the formation of a new consortium: IP Europe. The consortium is made up of some of Europe’s largest intellectual property stakeholders. These include Ericsson, Airbus, French phone company Orange SA and train manufacturer Alstom.
IP Europe plans to lobby the European Commission in hopes to make it easier for European based companies to compete with the US and China and other countries to capitalize on their innovations. The group will concentrate on key industry patents which through industry standardization become necessary for all industry participants. These tend to provide continuously decreasing revenues over time.
The new IP Europe consortium will be headed by former EU Commission Official Morgens Peter Carl.
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